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 3.4 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 1,600 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 532 circuit miles of transmission lines; 39 transmission substations; 62 distribution substations; 85,835 in-service line transformers; 3,743 pole miles of overhead distribution lines; and 2,138 miles of underground distribution lines, as well as 4,395 miles of mains and 317,236 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Electric & other services combined
Sub-IndustryMulti-Utilities
SectorUtilities
Current SymbolNYSE:ED
Previous Symbol
CUSIP20911510
Phone212-460-4600
Debt
Debt-to-Equity Ratio0.97
Current Ratio0.62
Quick Ratio0.56
Price-To-Earnings
Trailing P/E Ratio20.52
Forward P/E Ratio19.57
P/E Growth4.8
Sales & Book Value
Annual Sales$12.03 billion
Price / Sales2.17
Cash Flow$8.5479 per share
Price / Cash Flow9.82
Book Value$49.75 per share
Price / Book1.69
Profitability
EPS (Most Recent Fiscal Year)$4.09
Net Income$1.53 billion
Net Margins12.60%
Return on Equity8.64%
Return on Assets2.77%
Miscellaneous
Employees15,591
Outstanding Shares311,480,000
Market Cap$25.69 billion
OptionableOptionable
Consolidated Edison (NYSE:ED) Frequently Asked Questions
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 announced a quarterly dividend on Thursday, October 18th. Investors of record on Wednesday, November 14th will be paid a dividend of $0.715 per share on Monday, December 17th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Tuesday, November 13th. View Consolidated Edison's Dividend History.
How were Consolidated Edison's earnings last quarter?
Consolidated Edison, Inc. (NYSE:ED) announced its earnings results on Thursday, November, 1st. The utilities provider reported $1.57 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.46 by $0.11. The utilities provider had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. Consolidated Edison had a return on equity of 8.64% and a net margin of 12.60%. During the same quarter in the prior year, the business earned $1.47 earnings per share. View Consolidated Edison's Earnings History.
When is Consolidated Edison's next earnings date?
What guidance has Consolidated Edison issued on next quarter's earnings?
Consolidated Edison issued an update on its FY18 earnings guidance on Thursday, November, 1st. The company provided earnings per share guidance of $4.25-4.35 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.26.
What price target have analysts set for ED?
11 equities research analysts have issued 12 month price targets for Consolidated Edison's stock. Their forecasts range from $32.00 to $88.00. On average, they expect Consolidated Edison's share price to reach $76.10 in the next year. This suggests that the stock has a possible downside of 9.3%. View Analyst Price Targets for Consolidated Edison.
What is the consensus analysts' recommendation for Consolidated Edison?
11 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Consolidated Edison.
Has Consolidated Edison been receiving favorable news coverage?
Media coverage about ED stock has trended somewhat positive recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Consolidated Edison earned a news impact score of 1.1 on InfoTrie's scale. They also gave news stories about the utilities provider a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.
Are investors shorting Consolidated Edison?
Consolidated Edison saw a increase in short interest in the month of November. As of November 30th, there was short interest totalling 20,373,451 shares, an increase of 45.7% from the November 15th total of 13,982,759 shares. Based on an average trading volume of 2,520,809 shares, the days-to-cover ratio is currently 8.1 days. Currently, 6.6% of the shares of the stock are sold short. View Consolidated Edison's Current Options Chain.
Who are some of Consolidated Edison's key competitors?
Some companies that are related to Consolidated Edison include Duke Energy (DUK), Exelon (EXC), Public Service Enterprise Group (PEG), WEC Energy Group (WEC), E.ON SE Sponsored ADR (Germany) (EONGY), Ameren (AEE), CMS Energy (CMS), PG&E (PCG), Alliant Energy (LNT), NiSource (NI), SCANA (SCG), United Utilities Group (UUGRY), ALLETE (ALE), NorthWestern (NWE) and Avista (AVA).
Who are Consolidated Edison's key executives?
Consolidated Edison's management team includes the folowing people:
- Mr. John J. McAvoy, Chairman, Pres & CEO (Age 57)
- Mr. Robert N. Hoglund, Sr. VP & CFO (Age 56)
- Ms. Elizabeth D. Moore Esq., Sr. VP & Gen. Counsel (Age 63)
- Mr. Robert Muccilo, Chief Accounting Officer, VP & Controller (Age 62)
- Mr. Jan C. Childress, Director of Investor Relations
Who are Consolidated Edison's major shareholders?
Consolidated Edison's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.95%), Vanguard Group Inc. (7.68%), Vanguard Group Inc (7.68%), AQR Capital Management LLC (2.65%), Bank of New York Mellon Corp (1.15%) and Legal & General Group Plc (1.14%). Company insiders that own Consolidated Edison stock include Craig S Ivey, Elizabeth D Moore, Gurudatta D Nadkarni, John Mcavoy, Joseph P Oates, Linda S Sanford, Robert Muccilo, Robert N Hoglund, Robert Sanchez, Saumil P Shukla 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 AQR Capital Management LLC, Deutsche Bank AG, Assenagon Asset Management S.A., FMR LLC, Mitsubishi UFJ Trust & Banking Corp, Janus Henderson Group PLC, Morgan Stanley and Canada Pension Plan Investment Board. View Insider Buying and Selling for Consolidated Edison.
Which major investors are buying Consolidated Edison stock?
ED stock was acquired by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Vanguard Group Inc, Vanguard Group Inc., Legal & General Group Plc, Renaissance Technologies LLC, BlackRock Inc., JPMorgan Chase & Co. and JPMorgan Chase & Co.. Company insiders that have bought Consolidated Edison stock in the last two years include Craig S Ivey, Elizabeth D Moore, Gurudatta D Nadkarni, John Mcavoy, Joseph P Oates, Linda S Sanford, Robert Muccilo, Robert N Hoglund, Robert Sanchez, Saumil P Shukla and Timothy Cawley. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Consolidated Edison's stock price today?
One share of ED stock can currently be purchased for approximately $83.94.
How big of a company is Consolidated Edison?
Consolidated Edison has a market capitalization of $25.69 billion and generates $12.03 billion in revenue each year. The utilities provider earns $1.53 billion in net income (profit) each year or $4.09 on an earnings per share basis. Consolidated Edison employs 15,591 workers across the globe.
What is Consolidated Edison's official website?
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]
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 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.
