Consolidated Edison Stock Forecast, Price & News

$74.59
-0.94 (-1.24 %)
(As of 07/28/2021 12:00 AM ET)
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Today's Range
$74.01
$75.60
50-Day Range
$71.72
$78.96
52-Week Range
$65.56
$83.92
Volume1.46 million shs
Average Volume2.36 million shs
Market Capitalization$25.58 billion
P/E Ratio22.00
Dividend Yield4.10%
Beta0.16
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About Consolidated Edison

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,576 customers in parts of Manhattan. It also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. The company operates 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 89,673 in-service line transformers; 3,729 pole miles of overhead distribution lines; and 2,210 miles of underground distribution lines, as well as 4,341 miles of mains and 377,490 service lines for natural gas distribution. In addition, it owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. The company primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.

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MarketRank

Overall MarketRank

2.97 out of 5 stars

Utilities Sector

4th out of 288 stocks

Electric & Other Services Combined Industry

1st out of 27 stocks

Analyst Opinion: 1.7Community Rank: 2.3Dividend Strength: 5.0Insider Behavior: 3.3Valuation: 2.5 5 -4 -3 -2 -1 -
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Consolidated Edison (NYSE:ED) Frequently Asked Questions

Is Consolidated Edison a buy right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last twelve months. There are currently 6 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "sell" Consolidated Edison stock.
View analyst ratings for Consolidated Edison
or view top-rated stocks.

What stocks does MarketBeat like better than Consolidated Edison?

Wall Street analysts have given Consolidated Edison a "Sell" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Consolidated Edison wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Consolidated Edison's next earnings date?

Consolidated Edison is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Consolidated Edison
.

How were Consolidated Edison's earnings last quarter?

Consolidated Edison, Inc. (NYSE:ED) posted its quarterly earnings data on Thursday, May, 6th. The utilities provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.08. The utilities provider had revenue of $3.68 billion for the quarter, compared to analyst estimates of $3.45 billion. Consolidated Edison had a net margin of 9.02% and a trailing twelve-month return on equity of 7.64%. During the same quarter in the previous year, the company posted $1.35 EPS.
View Consolidated Edison's earnings history
.

How has Consolidated Edison's stock been impacted by COVID-19?

Consolidated Edison's stock was trading at $86.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ED stock has decreased by 13.8% and is now trading at $74.59.
View which stocks have been most impacted by COVID-19
.

How often does Consolidated Edison pay dividends? What is the dividend yield for Consolidated Edison?

Consolidated Edison declared a quarterly dividend on Thursday, July 15th. Shareholders of record on Wednesday, August 18th will be given a dividend of $0.775 per share on Wednesday, September 15th. This represents a $3.10 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Tuesday, August 17th.
View Consolidated Edison's dividend history
.

Is Consolidated Edison a good dividend stock?

Consolidated Edison pays an annual dividend of $3.10 per share and currently has a dividend yield of 4.10%. ED has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Consolidated Edison has been increasing its dividend for 47 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Consolidated Edison is 74.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Consolidated Edison will have a dividend payout ratio of 68.28% next year. This indicates that Consolidated Edison will be able to sustain or increase its dividend.
View Consolidated Edison's dividend history.

What guidance has Consolidated Edison issued on next quarter's earnings?

Consolidated Edison updated its FY 2021 earnings guidance on Friday, May, 28th. The company provided earnings per share guidance of 4.150-4.350 for the period, compared to the Thomson Reuters consensus estimate of $4.250. The company issued revenue guidance of -.

What price target have analysts set for ED?

10 brokerages have issued 12-month target prices for Consolidated Edison's stock. Their forecasts range from $66.00 to $82.00. On average, they anticipate Consolidated Edison's share price to reach $75.00 in the next twelve months. This suggests a possible upside of 0.5% from the stock's current price.
View analysts' price targets for Consolidated Edison
or view top-rated stocks among Wall Street analysts.

Who are Consolidated Edison's key executives?

Consolidated Edison's management team includes the following people:
  • Mr. Timothy P. Cawley, Pres, CEO & Director (Age 56, Pay $1.28M)
  • Mr. Robert N. Hoglund, Sr. VP & CFO (Age 59, Pay $1.58M)
  • Ms. Deneen Lynette Donnley, Sr. VP & Gen. Counsel (Age 56, Pay $1.12M)
  • Mr. Mark A. Noyes, CEO and Pres of Clean Energy Corp., Conedison Solu, Conso Edison Dev & Con Edison Energy (Age 56, Pay $1.06M)
  • Mr. Robert Sanchez, Pres & Chief Exec. Officer of Orange and Rockland Utilities, Inc. (Age 55, Pay $1.03M)
  • Mr. Joseph Miller, VP, Controller & Principal Accounting Officer (Age 58)
  • Mr. Jan C. Childress, Director of Investor Relations
  • Mr. James J. Dixon P.E., COO & SVP of Clean Energy Corp., Conedison Solu, Consolidated Edison Dev & Con Edison Energy
  • Mr. Yukari Saegusa, VP & Treasurer (Age 53)
  • Sylvia V. Dooley, VP & Corp. Sec.

What is John McAvoy's approval rating as Consolidated Edison's CEO?

211 employees have rated Consolidated Edison CEO John McAvoy on Glassdoor.com. John McAvoy has an approval rating of 94% among Consolidated Edison's employees. This puts John McAvoy in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Consolidated Edison's key competitors?

What other stocks do shareholders of Consolidated Edison own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Consolidated Edison investors own include AT&T (T), Verizon Communications (VZ), Johnson & Johnson (JNJ), AbbVie (ABBV), Exxon Mobil (XOM), Cisco Systems (CSCO), Pfizer (PFE), Intel (INTC), Altria Group (MO) and The Procter & Gamble (PG).

What is Consolidated Edison's stock symbol?

Consolidated Edison trades on the New York Stock Exchange (NYSE) under the ticker symbol "ED."

Who are Consolidated Edison's major shareholders?

Consolidated Edison's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.07%), CBOE Vest Financial LLC (0.02%), IFM Investors Pty Ltd (0.01%), Oregon Public Employees Retirement Fund (0.01%), New Mexico Educational Retirement Board (0.01%) and Brookstone Capital Management (0.01%). Company insiders that own Consolidated Edison stock include Deneen L Donnley, Elizabeth D Moore, Frances Resheske, Gurudatta D Nadkarni, John Mcavoy, La Bastide Lore De, Matthew Ketschke, Robert Muccilo, Robert N Hoglund, Robert Sanchez, Stuart Nachmias and Timothy Cawley.
View institutional ownership trends for Consolidated Edison
.

Which institutional investors are selling Consolidated Edison stock?

ED stock was sold by a variety of institutional investors in the last quarter, including TRH Financial LLC, Raymond James Trust N.A., Wealth Alliance Advisory Group LLC, Mcrae Capital Management Inc., Grandfield & Dodd LLC, TCW Group Inc., Gofen & Glossberg LLC IL, and TIAA FSB.
View insider buying and selling activity for Consolidated Edison
or view top insider-selling stocks.

Which institutional investors are buying Consolidated Edison stock?

ED stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Brookstone Capital Management, Miracle Mile Advisors LLC, CBOE Vest Financial LLC, Wealth Advisory Solutions LLC, IFM Investors Pty Ltd, Insight Folios Inc, and HBW Advisory Services LLC. Company insiders that have bought Consolidated Edison stock in the last two years include Deneen L Donnley, Elizabeth D Moore, Frances Resheske, Gurudatta D Nadkarni, John Mcavoy, La Bastide Lore De, Matthew Ketschke, Robert Muccilo, Robert N Hoglund, Robert Sanchez, Stuart Nachmias, and Timothy Cawley.
View insider buying and selling activity for Consolidated Edison
or or view top insider-buying stocks.

How do I buy shares of Consolidated Edison?

Shares of ED can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Consolidated Edison's stock price today?

One share of ED stock can currently be purchased for approximately $74.59.

How much money does Consolidated Edison make?

Consolidated Edison has a market capitalization of $25.58 billion and generates $12.25 billion in revenue each year. The utilities provider earns $1.10 billion in net income (profit) each year or $4.18 on an earnings per share basis.

How many employees does Consolidated Edison have?

Consolidated Edison employs 14,071 workers across the globe.

When was Consolidated Edison founded?

Consolidated Edison was founded in 1823.

What is Consolidated Edison's official website?

The official website for Consolidated Edison is www.conedison.com.

Where are Consolidated Edison's headquarters?

Consolidated Edison is headquartered at 4 IRVING PLACE, NEW YORK NY, 10003.

How can I contact Consolidated Edison?

Consolidated Edison's mailing address is 4 IRVING PLACE, NEW YORK NY, 10003. The utilities provider can be reached via phone at 212-460-4600 or via email at [email protected]


This page was last updated on 7/28/2021 by MarketBeat.com Staff
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