Consolidated Edison - ED Stock Forecast, Price & News

10 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, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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.
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10 Wall Street research analysts have issued 12 month price targets for Consolidated Edison's shares. Their ED share price forecasts range from $69.00 to $96.00. On average, they predict the company's share price to reach $83.55 in the next year. This suggests that the stock has a possible downside of 13.2%.
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Consolidated Edison's stock was trading at $85.32 at the beginning of the year. Since then, ED stock has increased by 12.8% and is now trading at $96.28.
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Consolidated Edison saw a increase in short interest in the month of October. As of October 15th, there was short interest totaling 7,670,000 shares, an increase of 6.7% from the September 30th total of 7,190,000 shares. Based on an average daily volume of 1,620,000 shares, the days-to-cover ratio is presently 4.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 16th 2023.
View our ED earnings forecast.

Consolidated Edison, Inc. (NYSE:ED) posted its earnings results on Thursday, November, 4th. The utilities provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.45 by $0.04. The utilities provider had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.46 billion. Consolidated Edison had a net margin of 11.25% and a trailing twelve-month return on equity of 8.17%. During the same period in the prior year, the firm posted $1.48 EPS.

Consolidated Edison announced a quarterly dividend on Thursday, October 20th. Shareholders of record on Wednesday, November 16th will be given a dividend of $0.79 per share on Thursday, December 15th. This represents a $3.16 annualized dividend and a yield of 3.28%. The ex-dividend date is Tuesday, November 15th.
Read our dividend analysis for ED.

Consolidated Edison (NYSE:ED) pays an annual dividend of $3.16 per share and currently has a dividend yield of 3.24%. The company has been increasing its dividend for 48 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 65.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ED.

Consolidated Edison issued an update on its FY 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of $4.50-$4.60 for the period, compared to the consensus earnings per share estimate of $4.51. The company issued revenue guidance of -.

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.

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).

Consolidated Edison trades on the New York Stock Exchange (NYSE) under the ticker symbol "ED."

Consolidated Edison's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.10%), Vanguard Group Inc. (12.09%), State Street Corp (7.91%), Lazard Asset Management LLC (1.35%), UBS Asset Management Americas Inc. (1.15%) and Bank of New York Mellon Corp (0.87%). 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.
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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.
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One share of ED stock can currently be purchased for approximately $96.28.

Consolidated Edison (NYSE:ED) has a market capitalization of $34.17 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.

The company employs 13,871 workers across the globe.

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.