NYSE:EDConsolidated Edison Stock Price, Forecast & News

$70.18

+0.26 (+0.37 %)

(As of 05/25/2020 12:29 PM ET)

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Today's Range

$69.45

Now: $70.18▼

$70.31

50-Day Range

$69.92

MA: $79.53▼

$89.56

52-Week Range

$62.03

Now: $70.18▼

$95.10

Volume1.40 million shs

Average Volume2.10 million shs

Market Capitalization$23.45 billion

P/E Ratio18.09

Dividend Yield4.36%

Beta0.23

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.

Beat the Market (BTM) Rank^™

2.9 Analyst's Opinion

Consensus Rating
Consolidated Edison has received a consensus rating of Hold. The company's average rating score is 1.83, and is based on 2 buy ratings, 6 hold ratings, and 4 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $79.09, Consolidated Edison has a potential upside of 12.7% from its current price of $70.18.
Amount of Analyst Coverage
Consolidated Edison has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.5 Community Rank

Outperform Votes
Consolidated Edison has received 363 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Consolidated Edison has received 821 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Consolidated Edison has received 69.34% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Consolidated Edison and other stocks. Vote “Outperform” if you believe ED will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ED will underperform the S&P 500 over the long term. You may vote once every thirty days.

5.0 Dividend Strength

Dividend Leadership
Consolidated Edison is a leading dividend payer. It pays a dividend yield of 4.36%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Consolidated Edison has been increasing its dividend for 45 years.
Dividend Coverage
The dividend payout ratio of Consolidated Edison is 70.02 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Consolidated Edison will have a dividend payout ratio of 66.96 % next year. This indicates that Consolidated Edison will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Consolidated Edison insiders have bought more of their company's stock than they have sold. Specifically, they have bought $46,636.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.18% of the stock of Consolidated Edison is held by insiders.
Percentage Held by Institutions
59.89% of the stock of Consolidated Edison is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Consolidated Edison are expected to grow by 5.54% in the coming year, from $4.33 to $4.57 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Consolidated Edison is 18.09, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of Consolidated Edison is 18.09, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 27.05.
Price to Earnings Growth Ratio
Consolidated Edison has a PEG Ratio of 8.11. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Consolidated Edison has a P/B Ratio of 1.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.93 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electric & other services combined

Sub-IndustryMulti-Utilities

SectorUtilities

Current SymbolNYSE:ED

Previous Symbol

CUSIP20911510

CIK1047862

Webwww.conedison.com

Phone212-460-4600

Debt

Debt-to-Equity Ratio1.10

Current Ratio0.80

Quick Ratio0.74

Price-To-Earnings

Trailing P/E Ratio18.09

Forward P/E Ratio16.21

P/E Growth8.11

Sales & Book Value

Annual Sales$12.57 billion

Price / Sales1.86

Cash Flow$9.39 per share

Price / Cash Flow7.47

Book Value$54.79 per share

Price / Book1.28

Profitability

EPS (Most Recent Fiscal Year)$4.37

Net Income$1.34 billion

Net Margins10.53%

Return on Equity7.92%

Return on Assets2.52%

Miscellaneous

Employees14,890

Outstanding Shares334,100,000

Market Cap$23.45 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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Consolidated Edison (NYSE:ED) Frequently Asked Questions

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

Consolidated Edison's stock was trading at $86.50 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ED shares have decreased by 18.9% and is now trading at $70.18. View which stocks have been most impacted by Coronavirus.

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 4 sell ratings, 6 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 Thursday, August 6th 2020. 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, 7th. The utilities provider reported $1.35 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.43 by $0.08. The utilities provider had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.60 billion. Consolidated Edison had a return on equity of 7.92% and a net margin of 10.53%. During the same period in the prior year, the company earned $1.39 EPS. View Consolidated Edison's earnings history.

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

Consolidated Edison declared a quarterly dividend on Thursday, April 16th. Stockholders of record on Wednesday, May 13th will be paid a dividend of $0.765 per share on Monday, June 15th. This represents a $3.06 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Tuesday, May 12th. View Consolidated Edison's dividend history.

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

Consolidated Edison issued an update on its FY 2020 After-Hours earnings guidance on Thursday, May, 7th. The company provided earnings per share (EPS) guidance of 4.15-4.35 for the period, compared to the Thomson Reuters consensus estimate of $4.37.

What price target have analysts set for ED?

12 equities research analysts have issued 1-year price objectives for Consolidated Edison's shares. Their forecasts range from $64.00 to $92.00. On average, they expect Consolidated Edison's share price to reach $79.09 in the next twelve months. This suggests a possible upside of 12.7% from the stock's current price. View analysts' price targets for Consolidated Edison.

Has Consolidated Edison been receiving favorable news coverage?

News articles about ED stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Consolidated Edison earned a media sentiment score of 1.5 on InfoTrie's scale. They also gave media coverage about the utilities provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutConsolidated Edison.

Who are some of Consolidated Edison's key competitors?

Some companies that are related to Consolidated Edison include Dominion Energy (D), Sempra Energy (SRE), WEC Energy Group (WEC), Public Service Enterprise Group (PEG), DTE Energy (DTE), Ameren (AEE), CMS Energy (CMS), Alliant Energy (LNT), NiSource (NI), CenterPoint Energy (CNP), PG&E (PCG), Mdu Resources Group (MDU), Black Hills (BKH), NorthWestern (NWE) and Avista (AVA). View all 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), Exxon Mobil (XOM), AbbVie (ABBV), Altria Group (MO), Pfizer (PFE), Cisco Systems (CSCO), Procter & Gamble (PG) and PepsiCo (PEP).

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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.01%), State Street Corp (6.88%), Invesco Ltd. (1.76%), Geode Capital Management LLC (1.68%), Legal & General Group Plc (1.38%) and Capital Research Global Investors (1.34%). 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 institutional 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, Wells Fargo & Company MN, APG Asset Management N.V., Franklin Resources Inc., UBS Group AG, Bank of New York Mellon Corp, Janus Henderson Group PLC, and Morgan Stanley. View insider buying and selling activity for Consolidated Edison.

Which institutional investors are buying Consolidated Edison stock?

ED stock was acquired by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Deutsche Bank AG, BlackRock Inc., State Street Corp, Swiss National Bank, Advisor Group Holdings Inc., Banco Santander S.A., and Unigestion Holding SA. 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 $70.18.

How big of a company is Consolidated Edison?

Consolidated Edison has a market capitalization of $23.45 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 5/25/2020 by MarketBeat.com Staff