NYSE:ED Consolidated Edison - ED Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Consolidated Edison, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $92.93 -2.23 (-2.34%) (As of 02/3/2023 12:00 AM ET) Add Compare Share Share Today's Range$91.89▼$94.9750-Day Range$92.48▼$98.6152-Week Range$78.10▼$102.21Volume1.74 million shsAverage Volume1.53 million shsMarket Capitalization$32.98 billionP/E Ratio19.48Dividend Yield3.32%Price Target$86.75 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Consolidated Edison MarketRank™ ForecastAnalyst RatingHold1.55 Rating ScoreUpside/Downside6.7% Downside$86.75 Price TargetShort InterestHealthy1.89% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.18Upright™ Environmental ScoreNews Sentiment0.47Based on 5 Articles This WeekInsider TradingAcquiring Shares$20,578 Bought Last QuarterProj. Earnings Growth6.80%From $4.56 to $4.87 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.32 out of 5 starsUtilities Sector38th out of 85 stocksElectric & Other Services Combined Industry5th out of 19 stocks 0.8 Analyst's Opinion Consensus RatingConsolidated Edison has received a consensus rating of Hold. The company's average rating score is 1.55, and is based on no buy ratings, 6 hold ratings, and 5 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $86.75, Consolidated Edison has a forecasted downside of 6.7% from its current price of $92.93.Amount of Analyst CoverageConsolidated Edison has only been the subject of 4 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.89% of the outstanding shares of Consolidated Edison have been sold short.Short Interest Ratio / Days to CoverConsolidated Edison has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Consolidated Edison has recently decreased by 5.76%, indicating that investor sentiment is improving significantly. Previous Next 4.2 Dividend Strength Dividend YieldConsolidated Edison pays a meaningful dividend of 3.32%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthConsolidated Edison has been increasing its dividend for 50 years.Dividend CoverageThe dividend payout ratio of Consolidated Edison is 67.92%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Consolidated Edison will have a dividend payout ratio of 66.53% next year. This indicates that Consolidated Edison will be able to sustain or increase its dividend. Previous Next 2.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreConsolidated Edison has received a 4.51% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Electricity distribution services of electricity produced with fossil fuels", "Electricity distribution services of electricity produced with nuclear fuels", and "Electricity distribution services of electricity produced with renewable energy sources" products. See details.Environmental SustainabilityThe Environmental Impact score for Consolidated Edison is -3.18. Previous Next 2.5 News and Social Media Coverage News SentimentConsolidated Edison has a news sentiment score of 0.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Utilities companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Consolidated Edison this week, compared to 5 articles on an average week.Search Interest19 people have searched for ED on MarketBeat in the last 30 days. This is an increase of 36% compared to the previous 30 days.MarketBeat Follows18 people have added Consolidated Edison to their MarketBeat watchlist in the last 30 days. This is an increase of 80% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Consolidated Edison insiders have bought more of their company's stock than they have sold. Specifically, they have bought $20,578.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.13% of the stock of Consolidated Edison is held by insiders.Percentage Held by Institutions64.95% of the stock of Consolidated Edison is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Consolidated Edison are expected to grow by 6.80% in the coming year, from $4.56 to $4.87 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Consolidated Edison is 19.48, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.81.Price to Earnings Ratio vs. SectorThe P/E ratio of Consolidated Edison is 19.48, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 104.14.Price to Earnings Growth RatioConsolidated Edison has a PEG Ratio of 9.77. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioConsolidated Edison has a P/B Ratio of 1.61. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Consolidated Edison (NYSE:ED) StockConsolidated Edison, Inc. operates as a holding company, which through its subsidiaries engages in the business of regulated electric, gas, and steam delivery. It operates through the following segments: Consolidated Edison Company of New York(CECONY), Orange and Rockland Utilities(O&R), Con Edison Clean Energy Businesses and Con Edison Transmission. The Consolidated Edison Co. of New York involves regulated electric, gas, and steam utility businesses. The Orange & Rockland Utilities covers regulated electric and gas utility delivery businesses. The Con Edison Clean Energy Businesses develops, owns and operates renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers. The Con Edison Transmission invests in electric and gas transmission projects. The company was founded in 1823 and is headquartered in New York, NY.Read More Receive ED Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Consolidated Edison and its competitors with MarketBeat's FREE daily newsletter. Email Address ED Stock News HeadlinesFebruary 2, 2023 | msn.comCon Edison Gas Main Work to Begin In CrotonFebruary 2, 2023 | finance.yahoo.comHow to Find Strong Utilities Stocks Slated for Positive Earnings SurprisesFebruary 4, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 30, 2023 | msn.comBehind on NY utility bills? Relief is coming. But ratepayers will eat the costJanuary 27, 2023 | msn.comCooking without gas: NYCHA building in Manhattan hit with yet another gas outage, and nobody knows when it’ll be fixedJanuary 26, 2023 | finance.yahoo.comPalantir Announces Live Stream of FoundryCon with Customer Announcements from DISH, Southern California Edison, and OthersJanuary 25, 2023 | tmcnet.comNorth America Smart Metering Market Report 2022-2027 with Case Studies for Ameren, Consolidated Edison, Entergy, BC Hydro, & Hydro-QuebecJanuary 25, 2023 | americanbankingnews.comConsolidated Edison (NYSE:ED) Price Target Raised to $79.00 at Morgan StanleyFebruary 4, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! January 24, 2023 | msn.comWhat To Know About Evercore ISI Group's Upgrade of Consolidated EdisonJanuary 24, 2023 | marketwatch.comConsolidated Edison Inc. stock outperforms market on strong trading dayJanuary 24, 2023 | finance.yahoo.comWhy Con Ed (ED) Could Beat Earnings Estimates AgainJanuary 24, 2023 | finance.yahoo.comCon Edison to Report 2022 Earnings on February 16January 24, 2023 | msn.comBenzinga's Top Ratings Upgrades, Downgrades For January 24, 2023January 23, 2023 | finance.yahoo.comDo Consolidated Edison's (NYSE:ED) Earnings Warrant Your Attention?January 21, 2023 | barrons.comSLB, Con Ed, Fastenal Raise Dividend PayoutsJanuary 20, 2023 | msn.comCon Edison Athlete of the Week: Briarcliff girls basketball's Catherine 'Cat' CarrafielloJanuary 18, 2023 | marketwatch.comUtilities Market Size 2023 with Economical Benchmarking, Old Statistics & Forecasts, Company Returns SharesJanuary 13, 2023 | finance.yahoo.comTop Analyst Reports for Booking Holdings, U.S. Bancorp & CME GroupJanuary 13, 2023 | nasdaq.comAre Utilities Stocks Lagging Consolidated Edison (ED) This Year?January 13, 2023 | finance.yahoo.comAre Utilities Stocks Lagging Consolidated Edison (ED) This Year?January 11, 2023 | finance.yahoo.comConsolidated Edison, Inc.: Pending asset sale likely to slow growth; reiterating HOLDJanuary 11, 2023 | benzinga.comThis Favorable Sign Appears On Consolidated Edison's ChartJanuary 9, 2023 | msn.comCon Edison cut at Mizuho with few catalysts to lift shares higherJanuary 9, 2023 | msn.comAnalyst Expectations for Consolidated Edison's FutureJanuary 9, 2023 | msn.comWrestling: Results for D'Agnese, Shoreline, RCK Mat Wars tournaments and Jan. 2-8 meetsJanuary 8, 2023 | msn.comConEd bilked the MTA on electric bills for years — to the tune of at least $7M: IGSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive ED Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Consolidated Edison and its competitors with MarketBeat's FREE daily newsletter. Email Address ED Company Calendar Last Earnings11/04/2021Ex-Dividend for 12/15 Dividend11/15/2022Dividend Payable12/15/2022Today2/04/2023Ex-Dividend for 3/15 Dividend2/14/2023Next Earnings (Confirmed)2/16/2023Dividend Payable3/15/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric & other services combined Sub-IndustryMulti-Utilities SectorUtilities Current SymbolNYSE:ED CUSIP20911510 CIK1047862 Webwww.conedison.com Phone(212) 460-4600Fax212-475-0734Employees13,871Year Founded1823Price Target and Rating Average Stock Price Forecast$86.75 High Stock Price Forecast$98.00 Low Stock Price Forecast$69.00 Forecasted Upside/Downside-6.7%Consensus RatingHold Rating Score (0-4)1.55 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$4.77 Trailing P/E Ratio19.48 Forward P/E Ratio20.38 P/E Growth9.77Net Income$1.35 billion Net Margins11.25% Pretax Margin12.88% Return on Equity8.17% Return on Assets2.62% Debt Debt-to-Equity Ratio1.07 Current Ratio0.83 Quick Ratio0.75 Sales & Book Value Annual Sales$15.05 billion Price / Sales2.19 Cash Flow$9.83 per share Price / Cash Flow9.45 Book Value$57.55 per share Price / Book1.61Miscellaneous Outstanding Shares354,863,000Free Float354,402,000Market Cap$32.98 billion OptionableOptionable Beta0.35 Social Links Key ExecutivesTimothy P. CawleyChairman, President & Chief Executive OfficerRobert N. HoglundChief Financial Officer & Senior Vice PresidentDeneen Lynette DonnleySenior Vice President & General CounselSylvia V. DooleySecretary & Vice PresidentJoseph MillerChief Accounting Officer, VP & ControllerKey CompetitorsPublic Service Enterprise GroupNYSE:PEGWEC Energy GroupNYSE:WECPG&ENYSE:PCGAmerenNYSE:AEECMS EnergyNYSE:CMSView All CompetitorsInsiders & InstitutionsAlbion Financial Group UTSold 225 shares on 2/3/2023Ownership: 0.014%Securian Asset Management Inc.Bought 214 shares on 2/3/2023Ownership: 0.008%Spire Wealth ManagementBought 118 shares on 2/3/2023Ownership: 0.003%Pinnacle Financial Partners Inc.Bought 250 shares on 2/3/2023Ownership: 0.001%Ellevest Inc.Sold 1,319 shares on 2/3/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions ED Stock - Frequently Asked Questions Should I buy or sell Consolidated Edison stock right now? 11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last year. There are currently 5 sell ratings and 6 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ED shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ED, but not buy additional shares or sell existing shares. View ED analyst ratings or view top-rated stocks. What is Consolidated Edison's stock price forecast for 2023? 11 brokers have issued 1 year price targets for Consolidated Edison's shares. Their ED share price forecasts range from $69.00 to $98.00. On average, they anticipate the company's stock price to reach $86.75 in the next twelve months. This suggests that the stock has a possible downside of 6.7%. View analysts price targets for ED or view top-rated stocks among Wall Street analysts. How have ED shares performed in 2023? Consolidated Edison's stock was trading at $95.31 at the beginning of the year. Since then, ED stock has decreased by 2.5% and is now trading at $92.93. View the best growth stocks for 2023 here. Are investors shorting Consolidated Edison? Consolidated Edison saw a drop in short interest in December. As of December 30th, there was short interest totaling 7,120,000 shares, a drop of 8.6% from the December 15th total of 7,790,000 shares. Based on an average trading volume of 1,770,000 shares, the short-interest ratio is currently 4.0 days. View Consolidated Edison's Short Interest. When is Consolidated Edison's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023. View our ED earnings forecast. How were Consolidated Edison's earnings last quarter? Consolidated Edison, Inc. (NYSE:ED) issued its quarterly earnings results on Thursday, November, 4th. The utilities provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by $0.04. The utilities provider earned $3.61 billion during the quarter, compared to analyst estimates of $3.46 billion. Consolidated Edison had a net margin of 11.25% and a trailing twelve-month return on equity of 8.17%. During the same quarter in the prior year, the business earned $1.48 EPS. How often does Consolidated Edison pay dividends? What is the dividend yield for Consolidated Edison? Consolidated Edison declared a quarterly dividend on Thursday, January 19th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.81 per share on Wednesday, March 15th. This represents a $3.24 annualized dividend and a yield of 3.49%. The ex-dividend date is Tuesday, February 14th. This is an increase from the stock's previous quarterly dividend of $0.79. Read our dividend analysis for ED. Is Consolidated Edison a good dividend stock? Consolidated Edison (NYSE:ED) pays an annual dividend of $3.24 per share and currently has a dividend yield of 3.32%. The company has been increasing its dividend for 50 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 67.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ED will have a dividend payout ratio of 66.53% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ED. What guidance has Consolidated Edison issued on next quarter's earnings? Consolidated Edison issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of $4.50-$4.60 for the period, compared to the consensus estimate of $4.51. The company issued revenue guidance of -. What is John McAvoy's approval rating as Consolidated Edison's CEO? 211 employees have rated Consolidated Edison Chief Executive Officer John McAvoy on Glassdoor.com. John McAvoy has an approval rating of 94% among the company's employees. This puts John McAvoy in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 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 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 many different institutional and retail investors. Top institutional shareholders include ProShare Advisors LLC (0.56%), Sumitomo Mitsui Trust Holdings Inc. (0.40%), Bank of Montreal Can (0.21%), Welch Group LLC (0.13%), New York State Common Retirement Fund (0.13%) and New York State Teachers Retirement System (0.11%). Insiders that own company stock include Deneen L Donnley, Frances Resheske, Gurudatta D Nadkarni, Gurudatta D Nadkarni, John Mcavoy, Joseph Miller, La Bastide Lore De, Matthew Ketschke, Nancy Shannon, Robert Muccilo, Robert N Hoglund, Robert Sanchez, Stuart Nachmias, Timothy Cawley and Yukari Saegusa. View institutional ownership trends. How do I buy shares of Consolidated Edison? Shares of ED stock 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 $92.93. How much money does Consolidated Edison make? Consolidated Edison (NYSE:ED) has a market capitalization of $32.98 billion and generates $15.05 billion in revenue each year. The utilities provider earns $1.35 billion in net income (profit) each year or $4.77 on an earnings per share basis. How many employees does Consolidated Edison have? The company employs 13,871 workers across the globe. How can I contact Consolidated Edison? Consolidated Edison's mailing address is 4 IRVING PLACE, NEW YORK NY, 10003. The official website for the company is www.conedison.com. The utilities provider can be reached via phone at (212) 460-4600, via email at dl-investorrelations@coned.com, or via fax at 212-475-0734. This page (NYSE:ED) was last updated on 2/4/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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