Consolidated Edison Stock Forecast, Price & News

Consolidated Edison's stock was trading at $86.50 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ED stock has decreased by 15.8% and is now trading at $72.84.
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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."
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Consolidated Edison is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
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Consolidated Edison, Inc. (NYSE:ED) announced its earnings results on Thursday, August, 6th. The utilities provider reported $0.60 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.53 by $0.07. The utilities provider earned $2.72 billion during the quarter, compared to analyst estimates of $2.81 billion. Consolidated Edison had a net margin of 10.86% and a return on equity of 7.92%. During the same period last year, the business earned $0.58 EPS.
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Consolidated Edison declared a quarterly dividend on Thursday, July 16th. Investors of record on Wednesday, August 19th will be given a dividend of $0.765 per share on Tuesday, September 15th. This represents a $3.06 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Tuesday, August 18th.
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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.

12 equities research analysts have issued 12 month price targets for Consolidated Edison's shares. Their forecasts range from $64.00 to $88.00. On average, they anticipate Consolidated Edison's share price to reach $77.67 in the next year. This suggests a possible upside of 6.6% from the stock's current price.
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Consolidated Edison saw a increase in short interest in 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.
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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), PG&E (PCG), CMS Energy (CMS), Alliant Energy (LNT), CenterPoint Energy (CNP), NiSource (NI), Mdu Resources Group (MDU), Black Hills (BKH), NorthWestern (NWE) and Avista (AVA).
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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), Altria Group (MO), Intel (INTC) 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 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.
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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.
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ED stock was bought 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.

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.

One share of ED stock can currently be purchased for approximately $72.84.

Consolidated Edison has a market capitalization of $24.36 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.

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

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]