S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
NYSE:ED

Consolidated Edison Stock Forecast, Price & News

$80.53
+1.84 (+2.34%)
(As of 12/3/2021 12:00 AM ET)
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Today's Range
$78.71
$80.56
50-Day Range
$71.60
$80.53
52-Week Range
$65.56
$80.56
Volume
2.62 million shs
Average Volume
2.08 million shs
Market Capitalization
$28.46 billion
P/E Ratio
24.04
Dividend Yield
3.94%
Beta
0.2
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Consolidated Edison logo

About Consolidated Edison

Consolidated Edison, Inc. operates as 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, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), Con Edison Clean Energy Businesses, Inc. and Con Edison Transmission, Inc.. The Consolidated Edison Co. of New York segment involves regulated electric, gas, and steam utility businesses. The Orange & Rockland Utilities segment covers regulated electric and gas utility delivery businesses. The Con Edison Clean Energy Businesses, Inc. segment 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, Inc. segment invests in electric and gas transmission projects. The company was founded in 1823 and is headquartered in New York, NY.

Headlines

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Industry, Sector and Symbol

Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
Sector
Utilities
CUSIP
20911510
Employees
14,071
Year Founded
1823

Sales & Book Value

Annual Sales
$12.25 billion
Cash Flow
$10.14 per share
Book Value
$57.66 per share

Profitability

Net Income
$1.10 billion
Pretax Margin
8.74%

Debt

Price-To-Earnings

Miscellaneous

Free Float
352,781,000
Market Cap
$28.46 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/04/2021
Ex-Dividend
11/16/2021
Today
12/04/2021
Dividend Payable
12/15/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/17/2022

Social Links


MarketRank

Overall MarketRank

2.36 out of 5 stars

Utilities Sector

52nd out of 122 stocks

Electric & Other Services Combined Industry

12th out of 22 stocks

Analyst Opinion: 0.6Community Rank: 3.1Dividend Strength: 4.2Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -












Consolidated Edison (NYSE:ED) Frequently Asked Questions

Is Consolidated Edison a buy right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last twelve months. There are currently 6 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "sell" Consolidated Edison stock.
View analyst ratings for Consolidated Edison
or view top-rated stocks.

How has Consolidated Edison's stock price been impacted by COVID-19 (Coronavirus)?

Consolidated Edison's stock was trading at $86.50 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ED shares have decreased by 6.9% and is now trading at $80.53.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Consolidated Edison?

Consolidated Edison saw a increase in short interest during the month of October. As of October 29th, there was short interest totaling 8,460,000 shares, an increase of 16.5% from the October 14th total of 7,260,000 shares. Based on an average daily trading volume, of 2,530,000 shares, the days-to-cover ratio is currently 3.3 days.
View Consolidated Edison's Short Interest
.

When is Consolidated Edison's next earnings date?

Consolidated Edison is scheduled to release its next quarterly earnings announcement on Thursday, February 17th 2022.
View our earnings forecast for Consolidated Edison
.

How were Consolidated Edison's earnings last quarter?

Consolidated Edison, Inc. (NYSE:ED) issued its quarterly earnings data on Thursday, November, 4th. The utilities provider reported $1.41 EPS for the quarter, missing the Zacks' consensus estimate of $1.45 by $0.04. The utilities provider earned $3.61 billion during the quarter, compared to analysts' expectations of $3.46 billion. Consolidated Edison had a trailing twelve-month return on equity of 7.24% and a net margin of 8.81%. During the same period in the prior year, the company posted $1.48 earnings per share.
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, October 21st. Stockholders of record on Wednesday, November 17th will be given a dividend of $0.775 per share on Wednesday, December 15th. This represents a $3.10 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Tuesday, November 16th.
View Consolidated Edison's dividend history
.

Is Consolidated Edison a good dividend stock?

Consolidated Edison pays an annual dividend of $3.10 per share and currently has a dividend yield of 3.94%. Consolidated Edison has been increasing its dividend for 46 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Consolidated Edison is 92.54%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Consolidated Edison will have a dividend payout ratio of 68.74% 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 2021 earnings guidance on Thursday, December, 2nd. The company provided EPS guidance of $4.150-$4.350 for the period, compared to the Thomson Reuters consensus estimate of $4.250. The company issued revenue guidance of -.

What price target have analysts set for ED?

8 brokerages have issued 1-year price targets for Consolidated Edison's shares. Their forecasts range from $65.00 to $77.00. On average, they expect Consolidated Edison's share price to reach $72.57 in the next twelve months. This suggests that the stock has a possible downside of 9.9%.
View analysts' price targets for Consolidated Edison
or view top-rated stocks among Wall Street analysts.

Who are Consolidated Edison's key executives?

Consolidated Edison's management team includes the following people:
  • Timothy P. Cawley, President, Chief Executive Officer & Director
  • Robert 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

What is John McAvoy's approval rating as Consolidated Edison's CEO?

211 employees have rated Consolidated Edison CEO John McAvoy on Glassdoor.com. John McAvoy has an approval rating of 94% among Consolidated Edison'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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.70%), Geode Capital Management LLC (1.89%), Invesco Ltd. (1.31%), Bank of New York Mellon Corp (0.77%), California Public Employees Retirement System (0.75%) and Morgan Stanley (0.59%). Company insiders that own Consolidated Edison stock include Deneen L Donnley, Frances Resheske, Gurudatta D Nadkarni, John Mcavoy, La Bastide Lore De, Matthew Ketschke, Robert Muccilo, Robert N Hoglund, Robert Sanchez, Stuart Nachmias and Timothy Cawley.
View institutional ownership trends for Consolidated Edison
.

Which institutional investors are selling Consolidated Edison stock?

ED stock was sold by a variety of institutional investors in the last quarter, including Marshall Wace LLP, Citadel Advisors LLC, OLD Republic International Corp, Janus Henderson Group PLC, Morgan Stanley, Cubist Systematic Strategies LLC, Teacher Retirement System of Texas, and Capital Fund Management S.A..
View insider buying and selling activity for Consolidated Edison
or view top insider-selling stocks.

Which institutional investors are buying Consolidated Edison stock?

ED stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Goldman Sachs Group Inc., Renaissance Technologies LLC, Geode Capital Management LLC, Royal London Asset Management Ltd., Voloridge Investment Management LLC, Natixis, and Wellington Management Group LLP. Company insiders that have bought Consolidated Edison stock in the last two years include Deneen L Donnley, Frances Resheske, Gurudatta D Nadkarni, John Mcavoy, La Bastide Lore De, Matthew Ketschke, 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.
Compare Top Brokerages Here.

What is Consolidated Edison's stock price today?

One share of ED stock can currently be purchased for approximately $80.53.

How much money does Consolidated Edison make?

Consolidated Edison has a market capitalization of $28.46 billion and generates $12.25 billion in revenue each year. The utilities provider earns $1.10 billion in net income (profit) each year or $3.35 on an earnings per share basis.

How many employees does Consolidated Edison have?

Consolidated Edison employs 14,071 workers across the globe.

When was Consolidated Edison founded?

Consolidated Edison was founded in 1823.

What is Consolidated Edison's official website?

The official website for Consolidated Edison is www.conedison.com.

Where are Consolidated Edison's headquarters?

Consolidated Edison is headquartered at 4 IRVING PLACE, NEW YORK NY, 10003.

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, via email at [email protected], or via fax at 212-475-0734.


This page was last updated on 12/4/2021 by MarketBeat.com Staff

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