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NYSE:ED

Consolidated Edison Stock Forecast, Price & News

$69.15
-0.79 (-1.13 %)
(As of 01/21/2021 12:00 AM ET)
Add
Compare
Today's Range
$68.94
Now: $69.15
$69.90
50-Day Range
$67.92
MA: $71.34
$75.91
52-Week Range
$62.03
Now: $69.15
$95.10
Volume2.07 million shs
Average Volume2.62 million shs
Market Capitalization$23.16 billion
P/E Ratio17.12
Dividend Yield4.38%
Beta0.11
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 1,589 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 543 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 89,395 in-service line transformers; 3,745 pole miles of overhead distribution lines; and 2,200 miles of underground distribution lines, as well as 4,318 miles of mains and 376,306 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 government customers. Consolidated Edison, Inc. was founded in 1884 and is based in New York, New York.
Consolidated Edison logo

MarketRank

Overall MarketRank

2.59 out of 5 stars

Utilities Sector

10th out of 272 stocks

Electric & Other Services Combined Industry

2nd out of 27 stocks

Analyst Opinion: 2.9Community Rank: 1.5Dividend Strength: 5.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Electric & other services combined
Sub-IndustryMulti-Utilities
SectorUtilities
CUSIP20911510
Phone212-460-4600
Employees14,890

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.57 billion
Cash Flow$9.33 per share
Book Value$54.79 per share

Profitability

Net Income$1.34 billion

Miscellaneous

Market Cap$23.16 billion
Next Earnings Date2/18/2021 (Estimated)
OptionableOptionable
$69.15
-0.79 (-1.13 %)
(As of 01/21/2021 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 been impacted by COVID-19?

Consolidated Edison's stock was trading at $86.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ED stock has decreased by 20.1% and is now trading at $69.15.
View which stocks have been most impacted by COVID-19
.

Is Consolidated Edison a buy right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last twelve months. There are currently 4 sell ratings, 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Consolidated Edison stock. 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 analyst ratings for Consolidated Edison
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Consolidated Edison?

Wall Street analysts have given Consolidated Edison a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Consolidated Edison wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Larry J. Merlo's approval rating as Consolidated Edison's CEO?

6,978 employees have rated Consolidated Edison CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Consolidated Edison's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Consolidated Edison's next earnings date?

Consolidated Edison is scheduled to release its next quarterly earnings announcement on Thursday, February 18th 2021.
View our earnings forecast for Consolidated Edison
.

How were Consolidated Edison's earnings last quarter?

Consolidated Edison, Inc. (NYSE:ED) released its earnings results on Thursday, November, 5th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.51 by $0.03. The utilities provider earned $3.33 billion during the quarter, compared to the consensus estimate of $3.41 billion. Consolidated Edison had a net margin of 11.06% and a return on equity of 7.77%. During the same period last year, the company earned $1.54 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, January 21st. Investors of record on Wednesday, February 17th will be paid a dividend of $0.775 per share on Monday, March 15th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 4.48%. This is an increase from Consolidated Edison's previous quarterly dividend of $0.77.
View Consolidated Edison's dividend history
.

Is Consolidated Edison a good dividend stock?

Consolidated Edison pays an annual dividend of $3.06 per share and currently has a dividend yield of 4.38%. ED has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Consolidated Edison has been increasing its dividend for 45 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Consolidated Edison is 70.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Consolidated Edison will have a dividend payout ratio of 68.61% next year. This indicates that Consolidated Edison will be able to sustain or increase its dividend.
View Consolidated Edison's dividend history.

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

Consolidated Edison updated its FY 2020 After-Hours earnings guidance on Thursday, January, 21st. The company provided earnings per share guidance of 4.15 for the period, compared to the Thomson Reuters consensus estimate of $4.22.

What price target have analysts set for ED?

14 brokerages have issued twelve-month price objectives for Consolidated Edison's shares. Their forecasts range from $69.00 to $88.00. On average, they expect Consolidated Edison's share price to reach $79.19 in the next year. This suggests a possible upside of 14.5% from the stock's current price.
View analysts' price targets for Consolidated Edison
or view Wall Street analyst' top-rated stocks.

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

Who are Consolidated Edison's key executives?

Consolidated Edison's management team includes the following people:
  • Mr. Timothy P. Cawley, Pres, CEO & Director (Age 56, Pay $1.16M)
  • Mr. Robert N. Hoglund, Sr. VP & CFO (Age 59, Pay $1.98M)
  • Mr. Robert Sanchez, Pres & Chief Exec. Officer of Orange and Rockland Utilities, Inc. (Age 55, Pay $986.67k)
  • Mr. Joseph Miller, VP, Controller & Principal Accounting Officer (Age 58)
  • Mr. Jan C. Childress, Director of Investor Relations
  • Ms. Deneen Lynette Donnley, Sr. VP & Gen. Counsel (Age 56)
  • Mr. James J. Dixon P.E., COO & SVP of Clean Energy Corp., Conedison Solu, Consolidated Edison Dev & Con Edison Energy
  • Mr. Joseph P. Oates, CEO & Pres of Con Edison Transmission, Inc. (Age 59)
  • Mr. Yukari Saegusa, VP & Treasurer (Age 53)
  • Mr. Mark A. Noyes, CEO and Pres of Clean Energy Corp., Conedison Solu, Conso Edison Dev & Con Edison Energy (Age 56)

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 retail and institutional investors. Top institutional shareholders include Gateway Investment Advisers LLC (0.08%), Boston Trust Walden Corp (0.07%), State of Alaska Department of Revenue (0.05%), Gradient Investments LLC (0.04%), Baldwin Brothers Inc. MA (0.03%) and Busey Wealth Management (0.03%). 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, 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 Boston Trust Walden Corp, Kestra Advisory Services LLC, Autus Asset Management LLC, State of Alaska Department of Revenue, City Holding Co., Pacer Advisors Inc., Baldwin Brothers Inc. MA, and Weather Gauge Advisory LLC.
View insider buying and selling activity for Consolidated Edison
or view top insider-selling stocks.

Which major investors are buying Consolidated Edison stock?

ED stock was acquired by a variety of institutional investors in the last quarter, including Gateway Investment Advisers LLC, Kinloch Capital LLC, Redpoint Investment Management Pty Ltd, David J Yvars Group, Pendal Group Limited, NuWave Investment Management LLC, TRH Financial LLC, and DNB Asset Management AS. 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, Stuart Nachmias, and Timothy Cawley.
View insider buying and selling activity for Consolidated Edison
or or view top insider-buying stocks.

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 WeBull, 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 $69.15.

How big of a company is Consolidated Edison?

Consolidated Edison has a market capitalization of $23.16 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 1/21/2021 by MarketBeat.com Staff

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