About Consolidated Edison (NYSE:ED)
Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses) and Con Edison Transmission, Inc. (Con Edison Transmission). CECONY's principal business operations are its regulated electric, gas and steam delivery businesses. CECONY provides electricity, natural gas and steam to customers in New York City and Westchester County. O&R's principal business operations are its regulated electric and gas delivery businesses. The Clean Energy Businesses develop, own and operate renewable and energy infrastructure projects and provide energy-related products and services to wholesale and retail customers. Con Edison Transmission, through its subsidiaries, invests in electric transmission facilities and gas pipeline and storage facilities.
Industry, Sector and Symbol:
- Sector: Utilities
- Industry: Electric Utilities
- Sub-Industry: Multi-Utilities
- Symbol: NYSE:ED
- CUSIP: 20911510
- Web: www.conedison.com
- Market Cap: $25.94 billion
- Outstanding Shares: 305,674,000
- 50 Day Moving Avg: $83.02
- 200 Day Moving Avg: $81.93
- 52 Week Range: $68.76 - $86.16
Sales & Book Value:
- Trailing P/E Ratio: 20.53
- Foreward P/E Ratio: 19.97
- P/E Growth: 5.39
- Annual Revenue: $11.99 billion
- Price / Sales: 2.16
- Book Value: $47.35 per share
- Price / Book: 1.79
- Annual Dividend: $2.76
- Dividend Yield: 3.3%
- EBITDA: $3.79 billion
- Net Margins: 10.57%
- Return on Equity: 8.59%
- Return on Assets: 2.56%
- Debt-to-Equity Ratio: 1.01%
- Current Ratio: 0.76%
- Quick Ratio: 0.68%
- Average Volume: 1.43 million shs.
- Beta: 0.09
- Short Ratio: 7.22
Frequently Asked Questions for Consolidated Edison (NYSE:ED)
What is Consolidated Edison's stock symbol?
Consolidated Edison trades on the New York Stock Exchange (NYSE) under the ticker symbol "ED."
How often does Consolidated Edison pay dividends? What is the dividend yield for Consolidated Edison?
Consolidated Edison declared a quarterly dividend on Thursday, October 19th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.69 per share on Friday, December 15th. This represents a $2.76 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Tuesday, November 14th. View Consolidated Edison's Dividend History.
How were Consolidated Edison's earnings last quarter?
Consolidated Edison Inc (NYSE:ED) released its quarterly earnings results on Thursday, August, 3rd. The company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.61 by $0.03. The company had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.79 billion. Consolidated Edison had a net margin of 10.57% and a return on equity of 8.59%. During the same quarter last year, the firm earned $0.60 EPS. View Consolidated Edison's Earnings History.
When will Consolidated Edison make its next earnings announcement?
Where is Consolidated Edison's stock going? Where will Consolidated Edison's stock price be in 2017?
9 equities research analysts have issued 1 year target prices for Consolidated Edison's shares. Their forecasts range from $68.00 to $83.50. On average, they expect Consolidated Edison's share price to reach $77.31 in the next year. View Analyst Ratings for Consolidated Edison.
What are analysts saying about Consolidated Edison stock?
Here are some recent quotes from research analysts about Consolidated Edison stock:
- 1. According to Zacks Investment Research, "Consolidated Edison has a history of favorable rate decisions by regulatory authorities, which will likely encourage it to invest more in infrastructure improvements. A stable financial position backed by a strong cash generation capacity enables the company to follow a disciplined capital spending program. The company is also making notable progress in generating renewable energy. Moreover, the company outperformed its broader industry in the last year. However, disruption in wholesale energy markets may affect its ability to meet customers’ energy needs and thereby adversely affect its performance. Also, the company faces interest rate risk owing to variable rate debt and to new debt financing needed to fund capital requirements." (10/3/2017)
- 2. Jefferies Group LLC analysts commented, "Con Ed reported strong 4Q EPS of $0.69 and announced a settlement of $153M related to the Harlem gas explosion. While removing that overhang is a positive newly issued 2017 guidance of $3.95-$4.15 was low compared to Consensus of $4.14 and JefE of $4.20. The difference was higher 2017 equity needs and lower contribution from Clean Energy." (2/21/2017)
Who are some of Consolidated Edison's key competitors?
Some companies that are related to Consolidated Edison include Dominion Energy (D), Exelon Corporation (EXC), American Electric Power Company (AEP), Pacific Gas & Electric Co. (PCG), Edison International (EIX), Xcel Energy (XEL), Public Service Enterprise Group Incorporated (PEG), Korea Electric Power Corporation (KEP), WEC Energy Group (WEC), DTE Energy Company (DTE), Eversource Energy (ES), Fortis (FTS), Entergy Corporation (ETR), FirstEnergy Corporation (FE), Sse Plc (SSE), Enersis Americas S.A. (ENIA), Alliant Energy Corporation (LNT) and Pinnacle West Capital Corporation (PNW).
Who are Consolidated Edison's key executives?
Consolidated Edison's management team includes the folowing people:
- John McAvoy, Chairman of the Board, President, Chief Executive Officer
- Robert N. Hoglund, Chief Financial Officer, Senior Vice President
- Timothy P. Cawley, President and Chief Executive Officer of O&R
- Craig S. Ivey, President of Consolidated Edison Company of New York, Inc.
- Mark Noyes, President, Chief Executive Officer of Con Edison Clean Energy Businesses, Inc
- Joseph P. Oates, President and Chief Executive Officer of Con Edison Transmission, Inc.
- Elizabeth D. Moore, Senior Vice President, General Counsel
- Robert Muccilo, Vice President, Controller
- Yukari Saegusa, Treasurer and Vice President of Consolidated Edison, Inc.
- Gurudatta D. Nadkarni, Vice President - Strategic Planning Consolidated Edison Company of New York, Inc.
Who owns Consolidated Edison stock?
Consolidated Edison's stock is owned by a variety of of institutional and retail investors. Top institutional investors include APG Asset Management N.V. (1.33%), Robeco Institutional Asset Management B.V. (0.41%), PGGM Investments (0.17%), Shell Asset Management Co. (0.12%), State Treasurer State of Michigan (0.03%) and LS Investment Advisors LLC (0.02%). Company insiders that own Consolidated Edison stock include Craig S Ivey, Elizabeth D Moore, Giudice Michael J Del, Gurudatta D Nadkarni, John Mcavoy, Joseph P Oates, Linda S Sanford, Robert Muccilo, Robert N Hoglund, Robert Sanchez and Timothy Cawley. View Institutional Ownership Trends for Consolidated Edison.
Who sold Consolidated Edison stock? Who is selling Consolidated Edison stock?
Consolidated Edison's stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, Assenagon Asset Management S.A., State Treasurer State of Michigan and LS Investment Advisors LLC. Company insiders that have sold Consolidated Edison stock in the last year include Craig S Ivey and Joseph P Oates. View Insider Buying and Selling for Consolidated Edison.
Who bought Consolidated Edison stock? Who is buying Consolidated Edison stock?
Consolidated Edison's stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Shell Asset Management Co., Robeco Institutional Asset Management B.V., Quantitative Systematic Strategies LLC, MEMBERS Trust Co, Honkamp Krueger Financial Services Inc. and Park National Corp OH. Company insiders that have bought Consolidated Edison stock in the last two years include Craig S Ivey, Elizabeth D Moore, Giudice Michael J Del, Gurudatta D Nadkarni, John Mcavoy, Joseph P Oates, Linda S Sanford, Robert Muccilo, Robert N Hoglund, Robert Sanchez and Timothy Cawley. View Insider Buying and Selling for Consolidated Edison.
How do I buy Consolidated Edison stock?
Shares of Consolidated Edison can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Consolidated Edison's stock price today?
MarketBeat Community Rating for Consolidated Edison (NYSE ED)MarketBeat's community ratings are surveys of what our community members think about Consolidated Edison and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Consolidated Edison stock can currently be purchased for approximately $84.86.
Consensus Ratings for Consolidated Edison (NYSE:ED) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||4 Sell Ratings, 5 Hold Ratings|
|Consensus Rating:||Hold (Score: 1.56)|
|Consensus Price Target: ||$77.31 (8.89% downside)|Consensus Price Target History for Consolidated Edison (NYSE:ED)
Analysts' Ratings History for Consolidated Edison (NYSE:ED)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|9/26/2017||Evercore ISI||Downgrade||In-Line -> Underperform||$74.00||Low|
|9/8/2017||Morgan Stanley||Boost Price Target||Underweight||$78.00 -> $80.00||Low|
|8/31/2017||Jefferies Group LLC||Reiterated Rating||Hold||$83.50||Low|
|5/15/2017||BMO Capital Markets||Reiterated Rating||Hold||$80.00||N/A|
|5/8/2017||Deutsche Bank AG||Downgrade||Hold -> Sell||$74.00||Low|
|4/23/2017||Barclays PLC||Reiterated Rating||Equal Weight||$76.00 -> $82.00||Low|
|1/25/2017||Credit Suisse Group||Initiated Coverage||Underperform -> Underperform||$68.00||N/A|
|1/4/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$77.00||N/A|
|10/4/2016||Citigroup Inc.||Lower Price Target||Neutral||$76.00 -> $72.00||N/A|
|9/14/2016||Goldman Sachs Group, Inc. (The)||Lower Price Target||Sell||$72.00 -> $70.00||N/A|
|8/8/2016||Mizuho||Boost Price Target||Neutral||$72.00 -> $75.00||N/A|
Earnings History for Consolidated Edison (NYSE:ED)Earnings History by Quarter for Consolidated Edison (NYSE ED)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||Q2 2017||$0.61||$0.58||$2.79 billion||$2.63 billion||View||N/A|
|5/4/2017||Q1 2017||$1.19||$1.27||$3.05 billion||$3.23 billion||View||N/A|
|2/16/2017||Q4 2016||$0.66||$0.69||$2.74 billion||$2.71 billion||View||N/A|
|8/4/2016||Q2||$0.69||$0.60||$2.86 billion||$2.79 billion||View||N/A|
|5/5/2016||Q1||$1.21||$1.18||$3.27 billion||$3.16 billion||View||N/A|
|2/18/2016||Q4||$0.54||$0.61||$3.06 billion||$2.71 billion||View||N/A|
|11/5/2015||Q315||$1.48||$1.45||$3.73 billion||$3.44 billion||View||N/A|
|8/6/2015||Q2||$0.63||$0.77||$2.96 billion||$2.79 billion||View||N/A|
|5/7/2015||Q1 15||$1.18||$1.25||$3.75 billion||$3.62 billion||View||N/A|
|2/19/2015||Q414||$0.56||$0.58||$2.52 billion||$2.83 billion||View||N/A|
|11/6/2014||Q3||$1.44||$1.48||$3.47 billion||$3.39 billion||View||N/A|
|8/7/2014||Q214||$0.54||$0.65||$2.81 billion||$2.91 billion||View||N/A|
|5/8/2014||Q1||$1.06||$1.17||$3.42 billion||$3.79 billion||View||N/A|
|11/4/2013||Q313||$1.42||$1.48||$3.57 billion||$3.48 billion||View||N/A|
|8/1/2013||Q2 2013||$0.57||$0.59||$2.85 billion||$2.82 billion||View||N/A|
|5/2/2013||Q1 2013||$1.04||$1.08||$3.28 billion||View||N/A|
|1/31/2013||Q4 2012||$0.73||$0.69||$3.35 million||View||N/A|
Earnings Estimates for Consolidated Edison (NYSE:ED)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Consolidated Edison (NYSE:ED)
|Dividend Growth:||2.90% (3 Year Average)|
|Payout Ratio:||66.67% (Trailing 12 Months of Earnings) |
67.48% (Based on This Year's Estimates)
64.94% (Based on Next Year's Estimates)
|Track Record:||42 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Consolidated Edison (NYSE ED)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Consolidated Edison (NYSE:ED)
Insider Ownership Percentage: 0.20%Insider Trades by Quarter for Consolidated Edison (NYSE:ED)
Institutional Ownership Percentage: 55.05%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/31/2017||Elizabeth D Moore||SVP||Buy||27||$83.57||$2,256.39|| |
|8/31/2017||Robert Muccilo||VP||Buy||24||$83.57||$2,005.68|| |
|8/31/2017||Timothy Cawley||CEO||Buy||28||$83.57||$2,339.96|| |
|8/23/2017||Joseph P Oates||CEO||Sell||1,908||$83.87||$160,023.96|| |
|7/31/2017||Gurudatta D Nadkarni||VP||Buy||26||$81.27||$2,113.02|| |
|7/31/2017||John Mcavoy||Chairman||Buy||28||$81.27||$2,275.56|| |
|7/31/2017||Robert Sanchez||SVP||Buy||25||$81.27||$2,031.75|| |
|6/30/2017||John Mcavoy||Chairman||Buy||51||$83.64||$4,265.64|| |
|6/30/2017||Robert Muccilo||VP||Buy||77||$83.64||$6,440.28|| |
|6/30/2017||Robert N Hoglund||CFO||Buy||99||$83.64||$8,280.36|| |
|6/30/2017||Robert Sanchez||SVP||Buy||39||$83.64||$3,261.96|| |
|6/30/2017||Timothy Cawley||CEO||Buy||47||$83.64||$3,931.08|| |
|5/17/2017||Linda S Sanford||Director||Buy||900||$79.74||$71,766.00|| |
|5/15/2017||John Mcavoy||Chairman||Buy||27||$79.42||$2,144.34|| |
|4/17/2017||John Mcavoy||Chairman||Buy||27||$78.71||$2,125.17|| |
|3/15/2017||John Mcavoy||Chairman||Buy||27||$76.64||$2,069.28|| |
|2/15/2017||John Mcavoy||Chairman||Buy||28||$73.29||$2,052.12|| |
|1/17/2017||John Mcavoy||Chairman||Buy||29||$73.88||$2,142.52|| |
|12/31/2016||Craig S Ivey||Insider||Buy||57||$71.53||$4,077.21|| |
|12/31/2016||Elizabeth D. Moore||SVP||Buy||51||$71.53||$3,648.03|| |
|12/31/2016||Robert Muccilo||VP||Buy||86||$71.53||$6,151.58|| |
|12/31/2016||Robert N Hoglund||CFO||Buy||110||$71.53||$7,868.30|| |
|12/31/2016||Timothy Cawley||CEO||Buy||52||$71.53||$3,719.56|| |
|12/15/2016||John Mcavoy||Chairman||Buy||30||$70.98||$2,129.40|| |
|12/12/2016||Craig S Ivey||Insider||Sell||3,974||$71.42||$283,823.08|| |
|11/15/2016||John Mcavoy||Chairman||Buy||30||$70.82||$2,124.60|| |
|10/17/2016||John Mcavoy||Chairman||Buy||28||$72.93||$2,042.04|| |
|9/30/2016||Craig S Ivey||Insider||Buy||67||$75.49||$5,057.83|| |
|9/30/2016||Elizabeth D. Moore||SVP||Buy||47||$75.49||$3,548.03|| |
|9/30/2016||John Mcavoy||Chairman||Buy||53||$75.49||$4,000.97|| |
|9/30/2016||Robert Muccilo||VP||Buy||80||$75.49||$6,039.20|| |
|9/30/2016||Robert N Hoglund||CFO||Buy||103||$75.49||$7,775.47|| |
|9/30/2016||Timothy Cawley||CEO||Buy||48||$75.49||$3,623.52|| |
|9/15/2016||John Mcavoy||Chairman||Buy||28||$74.20||$2,077.60|| |
|8/31/2016||Craig S Ivey||Insider||Buy||29||$77.14||$2,237.06|| |
|8/31/2016||Robert Muccilo||VP||Buy||26||$77.14||$2,005.64|| |
|8/31/2016||Timothy Cawley||CEO||Buy||30||$77.14||$2,314.20|| |
|8/15/2016||John Mcavoy||Chairman||Buy||27||$78.20||$2,111.40|| |
|7/31/2016||Craig S Ivey||Insider||Buy||28||$80.16||$2,244.48|| |
|7/31/2016||Robert Muccilo||VP||Buy||25||$80.16||$2,004.00|| |
|7/31/2016||Timothy Cawley||CEO||Buy||29||$80.16||$2,324.64|| |
|7/15/2016||John Mcavoy||CEO||Buy||26||$79.30||$2,061.80|| |
|6/30/2016||Craig S Ivey||Insider||Buy||65||$76.85||$4,995.25|| |
|6/30/2016||Elizabeth D. Moore||SVP||Buy||45||$76.85||$3,458.25|| |
|6/30/2016||Gurudatta D Nadkarni||VP||Buy||78||$76.85||$5,994.30|| |
|6/30/2016||Robert Muccilo||CAO||Buy||77||$76.85||$5,917.45|| |
|6/30/2016||Robert N Hoglund||CFO||Buy||99||$76.85||$7,608.15|| |
|6/30/2016||Timothy Cawley||CEO||Buy||46||$76.85||$3,535.10|| |
|6/15/2016||John Mcavoy||CEO||Buy||27||$78.13||$2,109.51|| |
|5/16/2016||John Mcavoy||CEO||Buy||28||$73.41||$2,055.48|| |
|4/30/2016||Craig S Ivey||Insider||Buy||30||$74.39||$2,231.70|| |
|4/30/2016||Gurudatta D Nadkarni||VP||Buy||28||$74.39||$2,082.92|| |
|4/30/2016||Robert Muccilo||CAO||Buy||27||$74.39||$2,008.53|| |
|4/30/2016||Robert N Hoglund||CFO||Buy||31||$74.39||$2,306.09|| |
|4/15/2016||John Mcavoy||CEO||Buy||28||$75.79||$2,122.12|| |
|3/31/2016||Craig S Ivey||Insider||Buy||66||$73.56||$4,854.96|| |
|3/31/2016||Elizabeth D Moore||SVP||Buy||46||$73.56||$3,383.76|| |
|3/31/2016||Gurudatta D Nadkarni||VP||Buy||80||$73.56||$5,884.80|| |
|3/31/2016||John Mcavoy||CEO||Buy||52||$73.56||$3,825.12|| |
|3/31/2016||Robert Muccilo||CAO||Buy||79||$73.56||$5,811.24|| |
|3/31/2016||Robert N Hoglund||CFO||Buy||102||$73.56||$7,503.12|| |
|3/15/2016||John Mcavoy||CEO||Buy||28||$73.78||$2,065.84|| |
|2/16/2016||John Mcavoy||CEO||Buy||29||$70.70||$2,050.30|| |
|1/31/2016||Craig S Ivey||Insider||Buy||33||$66.92||$2,208.36|| |
|1/31/2016||Gurudatta D Nadkarni||VP||Buy||31||$66.92||$2,074.52|| |
|1/31/2016||Joseph P Oates||SVP||Buy||8||$66.92||$535.36|| |
|1/31/2016||Robert Muccilo||CAO||Buy||30||$66.92||$2,007.60|| |
|1/31/2016||Robert N Hoglund||CFO||Buy||35||$66.92||$2,342.20|| |
|1/15/2016||John Mcavoy||CEO||Buy||31||$67.34||$2,087.54|| |
|12/31/2015||Craig S Ivey||Insider||Buy||65||$64.69||$4,204.85|| |
|12/31/2015||Giudice Michael J Del||Director||Buy||0||$64.69||$0.00|| |
|12/31/2015||Gurudatta D Nadkarni||VP||Buy||79||$64.69||$5,110.51|| |
|12/31/2015||Joseph P Oates||SVP||Buy||23||$64.69||$1,487.87|| |
|12/31/2015||Robert N Hoglund||CFO||Buy||101||$64.69||$6,533.69|| |
|12/31/2015||Timothy Cawley||CEO||Buy||46||$64.69||$2,975.74|| |
|12/15/2015||John Mcavoy||CEO||Buy||34||$62.34||$2,119.56|| |
|9/9/2015||Linda S Sanford||Director||Buy||1,500||$61.55||$92,325.00|| |
|7/15/2015||John Mcavoy||CEO||Buy||34||$60.42||$2,054.28|| |
|11/14/2014||Kevin Burke||Director||Sell||160,000||$62.14||$9,942,400.00|| |
|11/12/2014||Kevin Burke||Director||Sell||40,000||$62.25||$2,490,000.00|| |
|9/23/2014||Giudice Michael J Del||Director||Sell||1,293||$56.78||$73,416.54|| |
|8/23/2013||Craig Ivey||Insider||Sell||3,100||$56.67||$175,677.00|| |
|6/26/2013||Longhi G William||Insider||Sell||3,335||$57.74||$192,562.90|| |
|5/20/2013||Scott L Sanders||VP||Sell||3,151||$60.80||$191,580.80|| |
Headline Trends for Consolidated Edison (NYSE:ED)
Latest Headlines for Consolidated Edison (NYSE:ED)
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Consolidated Edison (ED) Chart for Monday, October, 23, 2017