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NYSE:ED

Consolidated Edison (ED) Stock Price, News & Analysis

Consolidated Edison logo
$90.03 +0.96 (+1.08%)
(As of 12/20/2024 05:31 PM ET)

About Consolidated Edison Stock (NYSE:ED)

Key Stats

Today's Range
$88.78
$90.53
50-Day Range
$88.87
$107.40
52-Week Range
$85.85
$107.75
Volume
4.84 million shs
Average Volume
1.92 million shs
Market Capitalization
$31.19 billion
P/E Ratio
16.95
Dividend Yield
3.69%
Price Target
$99.96
Consensus Rating
Hold

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.

Consolidated Edison Stock Analysis - MarketRank™

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95th Percentile Overall Score

ED MarketRank™: 

Consolidated Edison scored higher than 95% of companies evaluated by MarketBeat, and ranked 9th out of 91 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Consolidated Edison has received a consensus rating of Hold. The company's average rating score is 2.27, and is based on 2 buy ratings, 9 hold ratings, and 2 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.

  • Read more about Consolidated Edison's stock forecast and price target.
  • Earnings Growth

    Earnings for Consolidated Edison are expected to grow by 5.24% in the coming year, from $5.34 to $5.62 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Consolidated Edison is 16.95, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.72.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Consolidated Edison is 16.95, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.41.

  • Price to Earnings Growth Ratio

    Consolidated Edison has a PEG Ratio of 3.11. 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 1.47. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    2.03% 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 increased by 4.31%, indicating that investor sentiment is decreasing.
  • Dividend Leadership

    Consolidated Edison is a leading dividend payer. It pays a dividend yield of 3.65%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • 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 59.07% next year. This indicates that Consolidated Edison will be able to sustain or increase its dividend.

  • Read more about Consolidated Edison's dividend.
  • Percentage of Shares Shorted

    2.03% 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 increased by 4.31%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Consolidated Edison has a news sentiment score of 0.58. 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 news sentiment score is similar to the average news sentiment of Utilities companies.
  • News Coverage This Week

    MarketBeat has tracked 15 news articles for Consolidated Edison this week, compared to 12 articles on an average week.
  • Search Interest

    18 people have searched for ED on MarketBeat in the last 30 days. This is an increase of 64% compared to the previous 30 days.
  • MarketBeat Follows

    Only 6 people have added Consolidated Edison to their MarketBeat watchlist in the last 30 days. This is a decrease of -57% compared to the previous 30 days.
  • 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.

  • Read more about Consolidated Edison's insider trading history.
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ED Stock News Headlines

This is the worst sign for the U.S. stock market in 50 years
The Dow recently posted its worst losing streak since 1974. And one of America's most accurate analysts now says this is just the beginning of a new crisis that could be worse than the COVID crash, the dot-com crash, and even the Great Depression. Introducing "The Dead Zone"
Analysts Set Consolidated Edison, Inc. (NYSE:ED) PT at $99.96
Zacks Research Analysts Raise Earnings Estimates for ED
See More Headlines

ED Stock Analysis - Frequently Asked Questions

Consolidated Edison's stock was trading at $90.97 at the start of the year. Since then, ED stock has decreased by 1.0% and is now trading at $90.03.
View the best growth stocks for 2024 here
.

Consolidated Edison, Inc. (NYSE:ED) issued its quarterly earnings data on Thursday, November, 7th. The utilities provider reported $1.68 earnings per share for the quarter, beating 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 net margin of 12.27% and a trailing twelve-month return on equity of 8.70%.

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

Consolidated Edison's top institutional shareholders 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 and John Mcavoy.
View institutional ownership trends
.

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.

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

Last Earnings
11/07/2024
Ex-Dividend for 12/16 Dividend
11/13/2024
Dividend Payable
12/16/2024
Today
12/22/2024
Fiscal Year End
12/31/2024

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
$99.96
High Stock Price Target
$116.00
Low Stock Price Target
$85.00
Potential Upside/Downside
+11.0%
Consensus Rating
Hold
Rating Score (0-4)
2.27
Research Coverage
15 Analysts

Profitability

Net Income
$2.52 billion
Pretax Margin
14.78%

Debt

Sales & Book Value

Annual Sales
$15.03 billion
Cash Flow
$10.67 per share
Book Value
$61.29 per share

Miscellaneous

Free Float
345,823,000
Market Cap
$31.19 billion
Optionable
Optionable
Beta
0.36

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This page (NYSE:ED) was last updated on 12/22/2024 by MarketBeat.com Staff
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