Consolidated Edison - ED Stock Forecast, Price & News

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, 5 hold ratings and 1 buy rating 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.
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11 Wall Street analysts have issued 12-month target prices for Consolidated Edison's stock. Their ED share price forecasts range from $68.00 to $99.00. On average, they predict the company's share price to reach $85.36 in the next year. This suggests that the stock has a possible downside of 13.3%.
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Consolidated Edison's stock was trading at $85.32 at the beginning of 2022. Since then, ED stock has increased by 15.4% and is now trading at $98.50.
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Consolidated Edison is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Consolidated Edison, Inc. (NYSE:ED) issued its quarterly earnings data on Thursday, August, 4th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.09. Consolidated Edison had a net margin of 11.16% and a trailing twelve-month return on equity of 7.83%. During the same quarter in the previous year, the company earned $0.53 EPS.

Consolidated Edison declared a quarterly dividend on Thursday, July 21st. Shareholders of record on Wednesday, August 17th will be given a dividend of $0.79 per share on Thursday, September 15th. This represents a $3.16 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Tuesday, August 16th.
Read our dividend analysis for ED.

Consolidated Edison (NYSE:ED) pays an annual dividend of $3.16 per share and currently has a dividend yield of 3.25%. The company has been increasing its dividend for 48 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 69.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ED will have a dividend payout ratio of 65.42% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ED.

Consolidated Edison updated its FY22 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $4.40-4.60 for the period, compared to the consensus EPS estimate of $4.50.

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.

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).

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

Consolidated Edison's stock is owned by a number of retail and institutional investors. Top institutional investors include ProShare Advisors LLC (0.50%), Sumitomo Mitsui Trust Holdings Inc. (0.42%), Baillie Gifford & Co. (0.27%), Victory Capital Management Inc. (0.24%), State Board of Administration of Florida Retirement System (0.13%) and Welch Group LLC (0.13%). Insiders that own company stock include Deneen L Donnley, Deneen L Donnley, Elizabeth D Moore, 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.
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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.
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One share of ED stock can currently be purchased for approximately $98.50.

Consolidated Edison (NYSE:ED) has a market capitalization of $34.90 billion and generates $13.68 billion in revenue each year. The utilities provider earns $1.35 billion in net income (profit) each year or $4.57 on an earnings per share basis.

Consolidated Edison employs 13,871 workers across the globe.

Consolidated Edison was founded in 1823.

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.