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NYSE:ED

Consolidated Edison Stock Forecast, Price & News

$73.93
+0.61 (+0.83 %)
(As of 09/24/2020 12:00 AM ET)
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Today's Range
$72.55
Now: $73.93
$74.16
50-Day Range
$69.65
MA: $73.16
$75.93
52-Week Range
$62.03
Now: $73.93
$95.10
Volume1.88 million shs
Average Volume2.35 million shs
Market Capitalization$24.73 billion
P/E Ratio18.53
Dividend Yield4.17%
Beta0.16
Consolidated Edison, Inc., through its subsidiaries, engages in 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 1,622 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 549 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 85,545 in-service line transformers; 3,748 pole miles of overhead distribution lines; and 2,181 miles of underground distribution lines, as well as 4,416 miles of mains and 375,898 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 governmental customers. Consolidated Edison, Inc. was founded in 1884 and is based in New York, New York.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 1.5Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.42 out of 5 stars


Industry, Sector and Symbol

Industry Electric & other services combined
Sub-IndustryMulti-Utilities
SectorUtilities
CUSIP20911510
Phone212-460-4600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.57 billion
Cash Flow$9.36 per share
Book Value$54.79 per share

Profitability

Net Income$1.34 billion

Miscellaneous

Employees14,890
Market Cap$24.73 billion
Next Earnings Date11/2/2020 (Estimated)
OptionableOptionable
$73.93
+0.61 (+0.83 %)
(As of 09/24/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Consolidated Edison (NYSE:ED) Frequently Asked Questions

How has Consolidated Edison's stock price been impacted by Coronavirus?

Consolidated Edison's stock was trading at $86.50 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ED stock has decreased by 14.5% and is now trading at $73.93.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Consolidated Edison?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last year. There are currently 2 sell ratings, 8 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Consolidated Edison
.

When is Consolidated Edison's next earnings date?

Consolidated Edison is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for Consolidated Edison
.

How were Consolidated Edison's earnings last quarter?

Consolidated Edison, Inc. (NYSE:ED) released its quarterly earnings data on Thursday, August, 6th. The utilities provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.53 by $0.07. The utilities provider had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.81 billion. Consolidated Edison had a net margin of 10.86% and a return on equity of 7.92%. During the same quarter last year, the company posted $0.58 EPS.
View Consolidated Edison's earnings history
.

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

Consolidated Edison announced a quarterly dividend on Thursday, July 16th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.765 per share on Tuesday, September 15th. This represents a $3.06 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Tuesday, August 18th.
View Consolidated Edison's dividend history
.

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

Consolidated Edison updated its FY20 earnings guidance on Thursday, August, 6th. The company provided earnings per share (EPS) guidance of $4.15-4.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.24.

What price target have analysts set for ED?

12 Wall Street analysts have issued 12-month price targets for Consolidated Edison's stock. Their forecasts range from $64.00 to $88.00. On average, they expect Consolidated Edison's share price to reach $77.67 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price.
View analysts' price targets for Consolidated Edison
.

Are investors shorting Consolidated Edison?

Consolidated Edison saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 7,040,000 shares, an increase of 32.1% from the August 15th total of 5,330,000 shares. Based on an average daily volume of 2,170,000 shares, the days-to-cover ratio is presently 3.2 days.
View Consolidated Edison's Short Interest
.

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), Pfizer (PFE), Cisco Systems (CSCO), Intel (INTC), Altria Group (MO) and Procter & Gamble (PG).

Who are Consolidated Edison's key executives?

Consolidated Edison's management team includes the following people:
  • Mr. John J. McAvoy, Chairman, Pres & CEO (Age 58)
  • Mr. Robert N. Hoglund, Sr. VP & CFO (Age 57)
  • Ms. Elizabeth D. Moore Esq., Sr. VP & Gen. Counsel (Age 64)
  • Mr. Timothy P. Cawley, Pres of Con Edison of New York (Age 54)
  • Mr. Robert Muccilo, Chief Accounting Officer, VP & Controller (Age 63)

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 BlackRock Inc. (9.98%), Vanguard Group Inc. (8.52%), APG Asset Management N.V. (1.03%), California Public Employees Retirement System (0.84%), Bank of New York Mellon Corp (0.79%) and Swiss National Bank (0.77%). Company insiders that own Consolidated Edison stock include Deneen L Donnley, Elizabeth D Moore, Frances Resheske, Gurudatta D Nadkarni, John Mcavoy, Joseph P Oates, La Bastide Lore De, Robert Muccilo, Robert N Hoglund, Robert Sanchez, Saumil P Shukla, Stuart Nachmias and Timothy Cawley.
View institutional ownership trends for Consolidated Edison
.

Which major investors are selling Consolidated Edison stock?

ED stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, FMR LLC, Banco Santander S.A., New York State Common Retirement Fund, Vanguard Group Inc., Federated Hermes Inc., Canada Pension Plan Investment Board, and Payden & Rygel.
View insider buying and selling activity for Consolidated Edison
.

Which major investors are buying Consolidated Edison stock?

ED stock was acquired by a variety of institutional investors in the last quarter, including Mn Services Vermogensbeheer B.V., Victory Capital Management Inc., First Republic Investment Management Inc., NN Investment Partners Holdings N.V., Gradient Investments LLC, Man Group plc, California Public Employees Retirement System, and Busey Wealth Management. 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, Joseph P Oates, La Bastide Lore De, Robert Muccilo, Robert N Hoglund, Robert Sanchez, Saumil P Shukla, Stuart Nachmias, and Timothy Cawley.
View insider buying and selling activity for Consolidated Edison
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Consolidated Edison's stock price today?

One share of ED stock can currently be purchased for approximately $73.93.

How big of a company is Consolidated Edison?

Consolidated Edison has a market capitalization of $24.73 billion and generates $12.57 billion in revenue each year. The utilities provider earns $1.34 billion in net income (profit) each year or $4.37 on an earnings per share basis. Consolidated Edison employs 14,890 workers across the globe.

What is Consolidated Edison's official website?

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

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 9/25/2020 by MarketBeat.com Staff

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