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Consolidated Edison (ED) Stock Price, News & Analysis

$92.44
+1.54 (+1.69%)
(As of 01:03 PM ET)
Today's Range
$91.13
$92.53
50-Day Range
$86.19
$91.12
52-Week Range
$80.46
$100.92
Volume
990,460 shs
Average Volume
1.79 million shs
Market Capitalization
$31.94 billion
P/E Ratio
12.87
Dividend Yield
3.59%
Price Target
$87.96

Consolidated Edison MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
3.9% Downside
$87.96 Price Target
Short Interest
Healthy
1.64% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-3.18
Upright™ Environmental Score
News Sentiment
0.71mentions of Consolidated Edison in the last 14 days
Based on 14 Articles This Week
Insider Trading
Acquiring Shares
$22,972 Bought Last Quarter
Proj. Earnings Growth
5.66%
From $5.30 to $5.60 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.35 out of 5 stars

Utilities Sector

19th out of 90 stocks

Electric & Other Services Combined Industry

4th out of 18 stocks

ED stock logo

About Consolidated Edison Stock (NYSE:ED)

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 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 1,530 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.2 million customers in southeastern New York. In addition, it operates 545 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 90,051 in-service line transformers; 3,788 pole miles of overhead distribution lines; and 2,314 miles of underground distribution lines, as well as 4,363 miles of mains and 380,870 service lines for natural gas distribution. Further, the company invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.

ED Stock Price History

ED Stock News Headlines

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See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
2/13/2024
Last Earnings
2/15/2024
Dividend Payable
3/15/2024
Today
4/19/2024
Next Earnings (Confirmed)
5/02/2024
Dividend Payable
6/14/2024
Fiscal Year End
12/31/2024
Ex-Dividend for 6/14 Dividend
1/01/2100

Industry, Sector and Symbol

Sector
Utilities
Industry
Electric & other services combined
Sub-Industry
Multi-Utilities
CUSIP
20911510
Employees
14,592
Year Founded
1823

Price Target and Rating

Average Stock Price Target
$87.96
High Stock Price Target
$96.00
Low Stock Price Target
$73.00
Potential Upside/Downside
-4.5%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
12 Analysts

Profitability

Net Income
$2.52 billion
Pretax Margin
20.48%

Debt

Sales & Book Value

Annual Sales
$14.66 billion
Cash Flow
$11.21 per share
Book Value
$61.29 per share

Miscellaneous

Free Float
345,061,000
Market Cap
$31.82 billion
Optionable
Optionable
Beta
0.35

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Should I Buy Consolidated Edison Stock? ED Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Consolidated Edison, Inc.:

  • Consolidated Edison's stock price has shown stability and resilience, making it a reliable investment option.
  • The company has a strong track record of consistent dividend payments, providing investors with a steady income stream.
  • Consolidated Edison operates in the regulated electric, gas, and steam delivery businesses, which are essential services with stable demand.
  • With a market capitalization of $30.71 billion, Consolidated Edison is a well-established player in the industry.
  • Consolidated Edison's recent quarterly earnings report exceeded analysts' expectations, indicating positive growth potential.

Cons

Investors should be bearish about investing in Consolidated Edison, Inc. for these reasons:

  • Consolidated Edison's revenue was down 14.6% compared to the same quarter last year, signaling a decline in financial performance.
  • The company's P/E ratio of 12.38 and P/E/G ratio of 8.54 may indicate overvaluation or limited growth prospects.
  • There is a debt-to-equity ratio of 1.04, suggesting a relatively high level of debt that could pose risks in uncertain economic conditions.
  • Recent institutional selling of Consolidated Edison's shares may reflect a lack of confidence among large investors.
  • The company's 12 month low and high stock prices indicate volatility, which could lead to unpredictable returns for investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Consolidated Edison pros and cons to contact@marketbeat.com.

ED Stock Analysis - Frequently Asked Questions

Should I buy or sell Consolidated Edison stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last year. There are currently 4 sell ratings, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" ED shares.
View ED analyst ratings
or view top-rated stocks.

What is Consolidated Edison's stock price target for 2024?

12 analysts have issued 12-month price targets for Consolidated Edison's shares. Their ED share price targets range from $73.00 to $96.00. On average, they predict the company's stock price to reach $87.96 in the next year. This suggests that the stock has a possible downside of 3.9%.
View analysts price targets for ED
or view top-rated stocks among Wall Street analysts.

How have ED shares performed in 2024?

Consolidated Edison's stock was trading at $90.97 on January 1st, 2024. Since then, ED stock has increased by 0.6% and is now trading at $91.55.
View the best growth stocks for 2024 here
.

Are investors shorting Consolidated Edison?

Consolidated Edison saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 5,650,000 shares, a decrease of 5.8% from the March 15th total of 6,000,000 shares. Based on an average trading volume of 1,750,000 shares, the short-interest ratio is presently 3.2 days.
View Consolidated Edison's Short Interest
.

When is Consolidated Edison's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our ED earnings forecast
.

How were Consolidated Edison's earnings last quarter?

Consolidated Edison, Inc. (NYSE:ED) announced its quarterly earnings results on Thursday, February, 15th. The utilities provider reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.02. The utilities provider earned $3.44 billion during the quarter, compared to analyst estimates of $3.70 billion. Consolidated Edison had a net margin of 17.19% and a trailing twelve-month return on equity of 8.41%. Consolidated Edison's revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 EPS.

How often does Consolidated Edison pay dividends? What is the dividend yield for Consolidated Edison?

Consolidated Edison declared a quarterly dividend on Thursday, April 18th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.83 per share on Friday, June 14th. This represents a $3.32 annualized dividend and a yield of 3.63%.
Read our dividend analysis for ED
.

Is Consolidated Edison a good dividend stock?

Consolidated Edison (NYSE:ED) pays an annual dividend of $3.32 per share and currently has a dividend yield of 3.68%. The company has been increasing its dividend for 51 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 46.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ED will have a dividend payout ratio of 59.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ED.

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

Consolidated Edison updated its FY24 earnings guidance on Friday, February, 16th. The company provided earnings per share (EPS) guidance of $5.20-5.40 for the period, compared to the consensus estimate of $5.29.

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

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.

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).

Who are Consolidated Edison's major shareholders?

Consolidated Edison's stock is owned by many different institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.33%), Welch Group LLC (0.14%), Wealth Enhancement Advisory Services LLC (0.11%), CWM LLC (0.07%), Allspring Global Investments Holdings LLC (0.07%) and Los Angeles Capital Management LLC (0.06%). Insiders that own company stock include Christina Ho, Deneen L Donnley, Frances Resheske, Gurudatta D Nadkarni, Gurudatta D Nadkarni, John Mcavoy, Joseph Miller, La Bastide Lore De, Matthew Ketschke, Nancy Shannon, Robert N Hoglund, Robert Sanchez, Stuart Nachmias, Timothy Cawley and Yukari Saegusa.
View institutional ownership trends
.

How do I buy shares of Consolidated Edison?

Shares of ED stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Consolidated Edison have any subsidiaries?
The following companies are subsidiares of Consolidated Edison: Con Edison Clean Energy Businesses Inc., and Consolidated Edison Company of New York Inc..
Read More
This page (NYSE:ED) was last updated on 4/19/2024 by MarketBeat.com Staff

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