S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
Dividend King Sysco: Buying On The Dip 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
These 2 Healthcare Stocks Have Doubled in 2023
S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
Dividend King Sysco: Buying On The Dip 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
These 2 Healthcare Stocks Have Doubled in 2023
S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
Dividend King Sysco: Buying On The Dip 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
These 2 Healthcare Stocks Have Doubled in 2023
S&P 500   3,852.36
DOW   32,920.46
QQQ   294.62
7 Safe Investments with Relatively High Returns for 2023
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Lucid Group's Buyout Rumors Continue
Dividend King Sysco: Buying On The Dip 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Verizon, Charter Trend Higher In Past Month: Are They Buys Now?
Will Caterpillar Dig Its Way To Another Buying Opportunity? 
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Wall Street climbs to add more to its strong January
These 2 Healthcare Stocks Have Doubled in 2023

Consolidated Edison - ED Stock Forecast, Price & News

$95.31
+0.26 (+0.27%)
(As of 01/31/2023 12:00 AM ET)
Add
Compare
Today's Range
$93.94
$95.48
50-Day Range
$92.48
$98.61
52-Week Range
$78.10
$102.21
Volume
3.65 million shs
Average Volume
1.48 million shs
Market Capitalization
$33.82 billion
P/E Ratio
19.98
Dividend Yield
3.32%
Price Target
$86.73

Consolidated Edison MarketRank™ Forecast

Analyst Rating
Hold
1.60 Rating Score
Upside/​Downside
9.0% Downside
$86.73 Price Target
Short Interest
Healthy
1.89% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.18
Upright™ Environmental Score
News Sentiment
0.47mentions of Consolidated Edison in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$20,028 Bought Last Quarter
Proj. Earnings Growth
6.80%
From $4.56 to $4.87 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.39 out of 5 stars

Utilities Sector

29th out of 86 stocks

Electric & Other Services Combined Industry

4th out of 19 stocks


ED stock logo

About Consolidated Edison (NYSE:ED) Stock

Consolidated 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.

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.

ED Stock News Headlines

New "Vertical" Technology Solves Solar Power's Major Flaw
Even conservationists hate conventional solar farms. That's because they take up too much land and can degrade the environment. And let's face it, land is expensive...Fortunately, new groundbreaking tower technology solves solar's #1 drawback. These unique vertical structures not only take up to 90% less land space, but also generate extra electric power.
Move Over Lithium – 220 Pounds of Graphite In Every EV Battery
Investors constantly hear that lithium is the key to powering our transition to electric vehicles and clean energy. Truth is, switching from gas-powered isn't possible without massive amounts of graphite. But America hasn't produced any graphite since the 1950s. Now, a little-known exploration company has defined America's largest high-quality graphite deposit near Nome, Alaska.
Why Con Ed (ED) Could Beat Earnings Estimates Again
Con Edison to Report 2022 Earnings on February 16
SLB, Con Ed, Fastenal Raise Dividend Payouts
ED Consolidated Edison, Inc.
See More Headlines
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.

ED Company Calendar

Last Earnings
11/03/2022
Ex-Dividend for 12/15 Dividend
11/15/2022
Dividend Payable
12/15/2022
Today
2/01/2023
Ex-Dividend for 3/15 Dividend
2/14/2023
Next Earnings (Confirmed)
2/16/2023
Dividend Payable
3/15/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
20911510
Employees
13,871
Year Founded
1823

Price Target and Rating

Average Stock Price Forecast
$86.73
High Stock Price Forecast
$98.00
Low Stock Price Forecast
$69.00
Forecasted Upside/Downside
-9.0%
Consensus Rating
Hold
Rating Score (0-4)
1.60
Research Coverage
10 Analysts

Profitability

Net Income
$1.35 billion
Pretax Margin
12.88%

Debt

Sales & Book Value

Annual Sales
$13.68 billion
Cash Flow
$10.10 per share
Book Value
$57.55 per share

Miscellaneous

Free Float
354,402,000
Market Cap
$33.82 billion
Optionable
Optionable
Beta
0.34

Social Links


Key Executives

  • Timothy P. Cawley
    Chairman, President & Chief Executive Officer
  • Robert N. HoglundRobert N. Hoglund
    Chief Financial Officer & Senior Vice President
  • Deneen Lynette Donnley
    Senior Vice President & General Counsel
  • Sylvia V. Dooley
    Secretary & Vice President
  • Joseph Miller
    Chief Accounting Officer, VP & Controller













ED Stock - Frequently Asked Questions

Should I buy or sell Consolidated Edison stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last year. There are currently 4 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?

10 analysts have issued 12-month target prices for Consolidated Edison's shares. Their ED share price forecasts range from $69.00 to $98.00. On average, they expect the company's stock price to reach $86.73 in the next year. This suggests that the stock has a possible downside of 9.0%.
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 2023. Since then, ED stock has increased by 0.0% and is now trading at $95.31.
View the best growth stocks for 2023 here
.

Are investors shorting Consolidated Edison?

Consolidated Edison saw a decline in short interest in December. As of December 30th, there was short interest totaling 7,120,000 shares, a decline of 8.6% from the December 15th total of 7,790,000 shares. Based on an average daily trading volume, of 1,770,000 shares, the short-interest ratio is presently 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) announced its quarterly earnings data on Thursday, November, 3rd. The utilities provider reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.16. The utilities provider earned $4.17 billion during the quarter, compared to analyst estimates of $3.73 billion. Consolidated Edison had a trailing twelve-month return on equity of 8.17% and a net margin of 11.25%.

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. Stockholders of record on Wednesday, February 15th will be paid a dividend of $0.81 per share on Wednesday, March 15th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend 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 $3.16 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 66.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ED will have a dividend payout ratio of 64.89% 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 EPS guidance of $4.50-$4.60 for the period, compared to the consensus EPS 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 a number of retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.40%), Welch Group LLC (0.13%), New York State Common Retirement Fund (0.13%), New York State Teachers Retirement System (0.11%), Baillie Gifford & Co. (0.08%) and Gateway Investment Advisers LLC (0.08%). 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 $95.31.

How much money does Consolidated Edison make?

Consolidated Edison (NYSE:ED) has a market capitalization of $33.82 billion and generates $13.68 billion in revenue each year. The utilities provider earns $1.35 billion in net income (profit) each year or $4.77 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 2/1/2023 by MarketBeat.com Staff