Consolidated Edison Stock Forecast, Price & News

Consolidated Edison (NYSE:ED) Frequently Asked Questions

Is Consolidated Edison a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last twelve months. There are currently 6 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street equities 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 Coronavirus?

Consolidated Edison's stock was trading at $86.50 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ED shares have decreased by 4.7% and is now trading at $82.41.
View which stocks have been most impacted by COVID-19.

Are investors shorting Consolidated Edison?

Consolidated Edison saw a decrease in short interest in the month of December. As of December 31st, there was short interest totaling 6,250,000 shares, a decrease of 19.7% from the December 15th total of 7,780,000 shares. Based on an average trading volume of 2,680,000 shares, the days-to-cover ratio is presently 2.3 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) announced its quarterly earnings data on Thursday, November, 4th. The utilities provider reported $1.41 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.45 by $0.04. The utilities provider had revenue of $3.61 billion for the quarter, compared to analysts' expectations of $3.46 billion. Consolidated Edison had a net margin of 8.81% and a trailing twelve-month return on equity of 7.24%. During the same period in the previous year, the business earned $1.48 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 20th. Investors of record on Wednesday, February 16th will be paid a dividend of $0.79 per share on Tuesday, March 15th. This represents a $3.16 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Tuesday, February 15th. This is a boost from Consolidated Edison's previous quarterly dividend of $0.78.
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 3.81%. Consolidated Edison has been increasing its dividend for 47 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 69.04% 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 earnings per share 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?

9 analysts have issued 12-month price objectives for Consolidated Edison's stock. Their forecasts range from $68.00 to $85.00. On average, they expect Consolidated Edison's stock price to reach $75.44 in the next twelve months. This suggests that the stock has a possible downside of 8.5%.
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, Chairman, President & Chief Executive Officer
• 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 (LinkedIn Profile)

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.

Who are some of Consolidated Edison's key competitors?

Some companies that are related to Consolidated Edison include Dominion Energy (D), Sempra Energy (SRE), Public Service Enterprise Group (PEG), PG&E (PCG), WEC Energy Group (WEC), DTE Energy (DTE), Ameren (AEE), CMS Energy (CMS), CenterPoint Energy (CNP), NiSource (NI), MDU Resources Group (MDU), Black Hills (BKH) and Avista (AVA).
View all of ED's 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 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 variety of retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (0.49%), Gateway Investment Advisers LLC (0.14%), Russell Investments Group Ltd. (0.13%), Welch Group LLC (0.13%), Royal London Asset Management Ltd. (0.12%) and New York State Teachers Retirement System (0.10%). Company insiders that own Consolidated Edison stock include Deneen L Donnley, Frances Resheske, Gurudatta D Nadkarni, Gurudatta D Nadkarni, John Mcavoy, Joseph Miller, La Bastide Lore De, Matthew Ketschke, Robert Muccilo, Robert N Hoglund, Robert Sanchez, Stuart Nachmias, Timothy Cawley and Yukari Saegusa.
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 Russell Investments Group Ltd., Exchange Traded Concepts LLC, Hennessy Advisors Inc., State of Alaska Department of Revenue, Boston Trust Walden Corp, AdvisorNet Financial Inc, Gulf International Bank UK Ltd, and Royal London Asset Management Ltd.. Company insiders that have sold Consolidated Edison company stock in the last year include Robert Muccilo, and Yukari Saegusa.
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 purchased by a variety of institutional investors in the last quarter, including Baillie Gifford & Co., Gateway Investment Advisers LLC, David J Yvars Group, Wealthfront Advisers LLC, CenterStar Asset Management LLC, National Bank of Canada FI, Strs Ohio, and Spire Wealth Management. Company insiders that have bought Consolidated Edison stock in the last two years include Deneen L Donnley, Frances Resheske, Gurudatta D Nadkarni, John Mcavoy, Joseph Miller, 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.
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What is Consolidated Edison's stock price today?

One share of ED stock can currently be purchased for approximately $82.41.

How much money does Consolidated Edison make?

Consolidated Edison has a market capitalization of $29.12 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.