Lowest-Rated StocksLowest-RatedNYSE:ED Consolidated Edison (ED) Stock Price, News & Analysis → Trump’s “Tax Free” Retirement Strategy (From Gold Safe Exchange) (Ad) Buy ED with Qtrade Free ED Stock Alerts $90.05 +2.60 (+2.97%) (As of 03/27/2024 ET) Add Compare Share Share Today's Range$87.92▼$90.0950-Day Range$86.19▼$92.7852-Week Range$80.46▼$100.92Volume1.92 million shsAverage Volume1.79 million shsMarket Capitalization$31.11 billionP/E Ratio12.54Dividend Yield3.69%Price Target$87.96 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Consolidated Edison alerts: Email Address Consolidated Edison MarketRank™ Stock AnalysisAnalyst RatingReduce1.75 Rating ScoreUpside/Downside2.3% Downside$87.96 Price TargetShort InterestHealthy1.74% of Shares Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-3.18Upright™ Environmental ScoreNews Sentiment0.47Based on 6 Articles This WeekInsider TradingAcquiring Shares$88 Bought Last QuarterProj. Earnings Growth5.66%From $5.30 to $5.60 Per ShareSee Full Details Hide Full Details 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.4.58 out of 5 starsUtilities Sector17th out of 89 stocksElectric & Other Services Combined Industry6th out of 18 stocks 1.9 Analyst's Opinion Consensus RatingConsolidated Edison has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on 1 buy rating, 7 hold ratings, and 4 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $87.96, Consolidated Edison has a forecasted downside of 2.3% from its current price of $90.05.Amount of Analyst CoverageConsolidated Edison has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.74% of the outstanding shares of Consolidated Edison have been sold short.Short Interest Ratio / Days to CoverConsolidated Edison has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Consolidated Edison has recently increased by 0.33%, indicating that investor sentiment is decreasing. Previous Next 5.0 Dividend Strength Dividend LeadershipConsolidated Edison is a leading dividend payer. It pays a dividend yield of 3.75%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthConsolidated Edison has been increasing its dividend for 51 years.Dividend CoverageThe dividend payout ratio of Consolidated Edison is 46.24%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Consolidated Edison will have a dividend payout ratio of 59.29% next year. This indicates that Consolidated Edison will be able to sustain or increase its dividend. Previous Next 2.2 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreConsolidated Edison has received a 4.51% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Electricity distribution services of electricity produced with fossil fuels", "Electricity distribution services of electricity produced with nuclear fuels", and "Electricity distribution services of electricity produced with renewable energy sources" products. See details.Environmental SustainabilityThe Environmental Impact score for Consolidated Edison is -3.18. Previous Next 2.5 News and Social Media Coverage News SentimentConsolidated Edison has a news sentiment score of 0.47. 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 WeekMarketBeat has tracked 6 news articles for Consolidated Edison this week, compared to 10 articles on an average week.Search Interest17 people have searched for ED on MarketBeat in the last 30 days. This is an increase of 42% compared to the previous 30 days.MarketBeat Follows18 people have added Consolidated Edison to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Consolidated Edison insiders have bought more of their company's stock than they have sold. Specifically, they have bought $88.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.13% of the stock of Consolidated Edison is held by insiders.Percentage Held by Institutions66.29% of the stock of Consolidated Edison is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Consolidated Edison are expected to grow by 5.66% in the coming year, from $5.30 to $5.60 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Consolidated Edison is 12.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 148.14.Price to Earnings Ratio vs. SectorThe P/E ratio of Consolidated Edison is 12.54, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 76.52.Price to Earnings Growth RatioConsolidated Edison has a PEG Ratio of 8.34. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioConsolidated 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Gold Safe ExchangeTrump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.Protect your retirement savings from the inevitable devaluation of the dollar… 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.Read More ED Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ED Stock News HeadlinesMarch 11, 2024 | marketbeat.com2 “Low-Drama” Dividends That Will Soar as Inflation DropsMarch 26, 2024 | msn.comGas Leak Damages Westchester Home, Compromises FoundationMarch 28, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.March 22, 2024 | msn.comCon Edison Athlete of the Week: Horace Greeley swimmer Jack CornishMarch 21, 2024 | finance.yahoo.comWith 68% ownership of the shares, Consolidated Edison, Inc. (NYSE:ED) is heavily dominated by institutional ownersMarch 20, 2024 | msn.comSustainable Westchester, George Latimer's tax boast, and a Mount Vernon Town Hall meetingMarch 20, 2024 | prnewswire.comCon Edison to Attend Investor Meetings in EuropeMarch 19, 2024 | finance.yahoo.comBrightcore Energy Advocates for the Creation of New Incentive Program for Geothermal Conductivity TestsMarch 28, 2024 | Gold Safe Exchange (Ad)Trump’s “Tax Free” Retirement Strategy Since 1924 — over one hundred years — the US dollar has lost nearly 18x its value. In other words, a dollar back then would buy $17.82 worth of goods in today's money. If you're planning on retiring any time soon…This poses a real problem.March 18, 2024 | 247wallst.com5 Big Dividend Paying Utility Stocks To Buy Right NowMarch 18, 2024 | 247wallst.com5 Big Dividend Paying Utility Stocks To Buy Right NowMarch 16, 2024 | finance.yahoo.comA Look At The Intrinsic Value Of Consolidated Edison, Inc. (NYSE:ED)March 16, 2024 | finance.yahoo.comEQNR Oct 2024 23.000 putMarch 15, 2024 | msn.comEquinor’s Empire Wind 1 gains approval to connect to NYC gridMarch 15, 2024 | msn.comCon Edison Athlete of the Week: Panas girls basketball's Cadence NicholasMarch 12, 2024 | finance.yahoo.comThose who invested in Consolidated Edison (NYSE:ED) three years ago are up 41%March 11, 2024 | msn.comDamaging Wind Gusts Knock Out Power In Northern Westchester, PutnamMarch 8, 2024 | msn.comCon Edison Athlete of the Week: Greeley runner Nicholas 'Niko' WrightMarch 4, 2024 | finance.yahoo.comNOW OPEN: Gravity's Flagship Charging Center Brings the Fastest EV Charging in America to the Heart of MidtownMarch 3, 2024 | finance.yahoo.comIs Consolidated Edison, Inc. (NYSE:ED) A High Quality Stock To Own?March 1, 2024 | msn.comCon Edison Athlete of the Week: Croton-Harmon wrestler Henry MartinFebruary 29, 2024 | msn.com$4M grants from Con Edison help train New Yorkers for high-paying clean energy jobsFebruary 28, 2024 | time.comUTILITIES: Private Atomic PowerFebruary 27, 2024 | finance.yahoo.comConsolidated Edison, Inc.: Reaffirming BUY after dividend raised for fiftieth consecutive yearFebruary 27, 2024 | 247wallst.com5 Virtually Unknown Dividend Kings That Generate Strong Passive IncomeFebruary 27, 2024 | seekingalpha.comConsolidated Edison: Dividends Keep Growing But At A Minimal RateFebruary 26, 2024 | time.comInternational: Personnel: Mar. 2, 1931See More Headlines Receive ED Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Consolidated Edison and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 3/15 Dividend2/13/2024Last Earnings2/15/2024Dividend Payable3/15/2024Today3/27/2024Next Earnings (Estimated)5/02/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorUtilities Industry Electric & other services combined Sub-IndustryMulti-Utilities Current SymbolNYSE:ED CUSIP20911510 CIK1047862 Webwww.conedison.com Phone(212) 460-4600Fax212-475-0734Employees14,592Year Founded1823Price Target and Rating Average Stock Price Target$87.96 High Stock Price Target$96.00 Low Stock Price Target$73.00 Potential Upside/Downside-2.3%Consensus RatingReduce Rating Score (0-4)1.75 Research Coverage12 Analysts Profitability EPS (Most Recent Fiscal Year)$7.18 Trailing P/E Ratio12.54 Forward P/E Ratio16.99 P/E Growth8.34Net Income$2.52 billion Net Margins17.19% Pretax Margin20.48% Return on Equity8.41% Return on Assets2.74% Debt Debt-to-Equity Ratio1.04 Current Ratio1.01 Quick Ratio0.94 Sales & Book Value Annual Sales$14.66 billion Price / Sales2.12 Cash Flow$11.19 per share Price / Cash Flow8.05 Book Value$61.29 per share Price / Book1.47Miscellaneous Outstanding Shares345,510,000Free Float345,061,000Market Cap$31.11 billion OptionableOptionable Beta0.35 Social Links 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Timothy P. Cawley (Age 59)Chairman, President & CEO Comp: $3.52MMr. Robert N. Hoglund (Age 62)Senior VP & CFO Comp: $1.96MMs. Deneen Lynette Donnley (Age 58)Senior VP & General Counsel Comp: $1.42MMr. Robert Sanchez (Age 58)President & CEO of Orange and Rockland Utilities, Inc. Comp: $1.22MMr. Matthew Ketschke (Age 52)President of Consolidated Edison Company of New York, Inc. Comp: $1.38MMr. Joseph Miller (Age 61)VP, Controller & Chief Accounting Officer Mr. Jan C. ChildressDirector of Investor RelationsMr. Yukari Saegusa (Age 56)VP & Treasurer Sylvia V. DooleyVP & Corporate SecretaryStuart Nachmias (Age 58)President & CEO of Con Edison Transmission, Inc. More ExecutivesKey CompetitorsPublic Service Enterprise GroupNYSE:PEGWEC Energy GroupNYSE:WECAmerenNYSE:AEEPG&ENYSE:PCGCMS EnergyNYSE:CMSView All CompetitorsInsiders & InstitutionsNomura Holdings Inc.Bought 4,236 shares on 3/27/2024Ownership: 0.002%HighPoint Advisor Group LLCBought 12,529 shares on 3/26/2024Ownership: 0.004%Quadrature Capital LtdSold 18,722 shares on 3/25/2024Ownership: 0.001%PNC Financial Services Group Inc.Bought 6,816 shares on 3/22/2024Ownership: 0.091%Healthcare of Ontario Pension Plan Trust FundSold 75,115 shares on 3/21/2024Ownership: 0.025%View All Insider TransactionsView All Institutional Transactions Should I Buy Consolidated Edison Stock? ED Pros and Cons Explained These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Consolidated Edison was last updated on Tuesday, March 26, 2024 at 10:31 PM. Pros Here are some ways that investors could benefit from investing in Consolidated Edison, Inc.: Consolidated Edison, Inc. reported strong quarterly earnings, beating analyst estimates, which indicates financial stability and growth potential. The company recently increased its quarterly dividend, signaling confidence in its financial position and commitment to rewarding shareholders. With a net margin of 17.19% and a return on equity of 8.41%, Consolidated Edison demonstrates profitability and efficient use of shareholder equity. Despite a decrease in quarterly revenue, the company's solid payout ratio of 46.24% and annualized dividend yield of 3.66% make it an attractive option for income-seeking investors. Wall Street analysts have provided a consensus rating of "Hold" for Consolidated Edison, indicating a balanced outlook on the stock's performance. Cons Investors should be bearish about investing in Consolidated Edison, Inc. for these reasons: Several equities analysts have issued sell ratings on the stock, suggesting potential concerns about future performance or market conditions. Despite the increase in dividend, the stock price may not experience significant growth in the short term, limiting capital appreciation potential for investors. Market analysts have adjusted price targets downwards for Consolidated Edison, indicating a cautious sentiment towards the stock's valuation and growth prospects. While the company's financial metrics are solid, the industry it operates in, multi-utilities, may face regulatory challenges or market disruptions that could impact future earnings. Investors should consider the potential impact of a 14.6% decrease in quarterly revenue on the company's overall financial performance and long-term sustainability. 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 brokerages have issued twelve-month price objectives for Consolidated Edison's stock. Their ED share price targets range from $73.00 to $96.00. On average, they expect the company's share price to reach $87.96 in the next twelve months. This suggests that the stock has a possible downside of 2.3%. 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 at the beginning of the year. Since then, ED shares have decreased by 1.0% and is now trading at $90.05. View the best growth stocks for 2024 here. Are investors shorting Consolidated Edison? Consolidated Edison saw a drop in short interest in the month of February. As of February 29th, there was short interest totaling 5,980,000 shares, a drop of 14.4% from the February 14th total of 6,990,000 shares. Based on an average trading volume of 1,840,000 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? 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) released its quarterly earnings results on Thursday, February, 15th. The utilities provider reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.02. The utilities provider earned $3.44 billion during the quarter, compared to analysts' expectations of $3.70 billion. Consolidated Edison had a trailing twelve-month return on equity of 8.41% and a net margin of 17.19%. Consolidated Edison's revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. How often does Consolidated Edison pay dividends? What is the dividend yield for Consolidated Edison? Consolidated Edison announced a quarterly dividend on Thursday, January 18th. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.83 per share on Friday, March 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Tuesday, February 13th. This is a positive change from the stock's previous quarterly dividend of $0.81. 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 3.75%. 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 ETFs hold Consolidated Edison's stock? ETFs with the largest weight of Consolidated Edison (NYSE:ED) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), iShares Global Clean Energy ETF (ICLN), First Trust Utilities AlphaDEX Fund (FXU), Subversive Decarbonization ETF (DKRB), Utilities Select Sector SPDR Fund (XLU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco S&P 500 Equal Weight Utilities ETF (RSPU) and Virtus Duff & Phelps Clean Energy ETF (VCLN). What guidance has Consolidated Edison issued on next quarter's earnings? Consolidated Edison issued an update on 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 earnings per share 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 a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.12%), Vanguard Group Inc. (12.11%), Legal & General Group Plc (1.84%), Northern Trust Corp (1.25%), Norges Bank (0.78%) and California Public Employees Retirement System (0.62%). 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 Muccilo, 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 3/28/2024 by MarketBeat.com Staff From Our PartnersTrump’s “Tax Free” Retirement Strategy Gold Safe ExchangeTop Project Outperforms BTC in 2023…Crypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading AcademyBREAKING: New AI Breakthrough Could Change Healthcare ForeverBehind the Markets“The Stock Market’s Bull Run is Far from Over” -BarronsVertical Research AdvisorySHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceBuy this small stock before coming AI Tidal WaveChaikin Analytics Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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