Consolidated Edison (ED) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $96.43 to $97.93
• 50-Day Range: $95.25 to $107.40
• 52-Week Range: $85.85 to $107.75
• Volume: 2.10 million shs
• Average Volume: 1.87 million shs
• Market Capitalization: $33.91 billion
• P/E Ratio: 18.43
• Dividend Yield: 3.39%
• Price Target: $98.35
• Consensus Rating: Hold

Consolidated Edison Stock Analysis - MarketRank™

Consolidated Edison scored higher than 92% of companies evaluated by MarketBeat, and ranked 13th out of 94 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Consolidated Edison has received a consensus rating of Hold. The company's average rating score is 2.13, and is based on 2 buy ratings, 8 hold ratings, and 4 sell ratings.

Amount of Analyst Coverage

Consolidated Edison has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 5.63%

Earnings Growth

Earnings for Consolidated Edison are expected to grow by 5.63% in the coming year, from $5.33 to $5.63 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Consolidated Edison is 18.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.22.

Price to Earnings Ratio vs. Sector

The P/E ratio of Consolidated Edison is 18.43, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 97.48.

Price to Earnings Growth Ratio

Consolidated Edison has a PEG Ratio of 3.24. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Consolidated Edison has a P/B Ratio of 1.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.87% of the outstanding shares of Consolidated Edison have been sold short.

Short Interest Ratio / Days to Cover

Consolidated Edison has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Consolidated Edison has recently decreased by 0.46%, indicating that investor sentiment is improving.

Dividend

• Score: 4.2 / 5
• Dividend Strength: Strong

Dividend Yield

Consolidated Edison pays a meaningful dividend of 3.44%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Consolidated Edison has been increasing its dividend for 51 years.

Dividend Coverage

The dividend payout ratio of Consolidated Edison is 62.52%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Consolidated Edison will have a dividend payout ratio of 58.97% next year. This indicates that Consolidated Edison will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.2 / 5
• Environmental Score: -3.18

Percentage of Shares Shorted

1.87% of the outstanding shares of Consolidated Edison have been sold short.

Short Interest Ratio / Days to Cover

Consolidated Edison has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Consolidated Edison has recently decreased by 0.46%, indicating that investor sentiment is improving.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.14

News Sentiment

Consolidated Edison has a news sentiment score of 1.14. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Consolidated Edison this week, compared to 11 articles on an average week.

Search Interest

11 people have searched for ED on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.

MarketBeat Follows

16 people have added Consolidated Edison to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Consolidated Edison insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.17% of the stock of Consolidated Edison is held by insiders.

Percentage Held by Institutions

66.29% of the stock of Consolidated Edison is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ED Stock Analysis - Frequently Asked Questions

How have ED shares performed this year?

Consolidated Edison's stock was trading at $90.97 at the beginning of the year. Since then, ED stock has increased by 7.6% and is now trading at $97.88.
View the best growth stocks for 2024 here.

How were Consolidated Edison's earnings last quarter?

Consolidated Edison, Inc. (NYSE:ED) announced its quarterly earnings data on Thursday, November, 7th. The utilities provider reported $1.68 EPS for the quarter, topping the consensus estimate of $1.56 by $0.12. The utilities provider had revenue of $4.09 billion for the quarter, compared to analysts' expectations of $4.02 billion. Consolidated Edison had a trailing twelve-month return on equity of 8.70% and a net margin of 12.27%.

Does Consolidated Edison have any subsidiaries?

Consolidated Edison subsidiaries include these companies: Con Edison Clean Energy Businesses Inc., and Consolidated Edison Company of New York Inc..

Who are Consolidated Edison's major shareholders?

Top institutional shareholders of Consolidated Edison include State Street Corp (6.76%), Geode Capital Management LLC (2.56%), UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC (1.31%) and Charles Schwab Investment Management Inc. (0.62%). Insiders that own company stock include Robert N Hoglund, Timothy Cawley, Robert Sanchez, Gurudatta D Nadkarni, Deneen L Donnley, Stuart Nachmias, Matthew Ketschke, Joseph Miller, La Bastide Lore De, Frances Resheske, Nancy Shannon, Jennifer Hensley, Christina Ho, John Mcavoy 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.

What other stocks do shareholders of Consolidated Edison own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Consolidated Edison investors own include Chevron (CVX), Verizon Communications (VZ), Bristol-Myers Squibb (BMY), Comcast (CMCSA), American Water Works (AWK), Charles Schwab (SCHW) and Humana (HUM).

Company Calendar

• Ex-Dividend for 9/16 Dividend: 8/14/2024
• Dividend Payable: 9/16/2024
• Last Earnings: 11/07/2024
• Ex-Dividend for 12/16 Dividend: 11/13/2024
• Today: 11/20/2024
• Dividend Payable: 12/16/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Utilities
• Industry: Electric & other services combined
• Sub-Industry: Multi-Utilities
• Current Symbol: NYSE:ED
• CUSIP: 20911510
• CIK: 1047862
• Web: www.conedison.com
• Phone: (212) 460-4600
• Fax: 212-475-0734
• Employees: 14,592
• Year Founded: 1823

Price Target and Rating

• Average Stock Price Target: $98.35
• High Stock Price Target: $116.00
• Low Stock Price Target: $87.00
• Potential Upside/Downside: +0.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.13
• Research Coverage: 16 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $5.31
• Trailing P/E Ratio: 18.43
• Forward P/E Ratio: 18.36
• P/E Growth: 3.24
• Net Income: $2.52 billion
• Net Margins: 12.27%
• Pretax Margin: 14.78%
• Return on Equity: 8.70%
• Return on Assets: 2.78%

Debt

• Debt-to-Equity Ratio: 1.07
• Current Ratio: 1.01
• Quick Ratio: 0.93

Sales & Book Value

• Annual Sales: $14.66 billion
• Price / Sales: 2.31
• Cash Flow: $11.15 per share
• Price / Cash Flow: 8.78
• Book Value: $61.29 per share
• Price / Book: 1.60

Miscellaneous

• Outstanding Shares: 346,410,000
• Free Float: 345,823,000
• Market Cap: $33.91 billion
• Optionable: Optionable
• Beta: 0.36