Consolidated Edison (ED) Stock Price, News & Analysis

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Consolidated Edison in the last twelve months. There are currently 4 sell ratings, 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "reduce" ED shares.
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12 equities research analysts have issued 12-month target prices for Consolidated Edison's shares. Their ED share price targets range from $73.00 to $96.00. On average, they anticipate the company's share price to reach $87.96 in the next year. This suggests that the stock has a possible downside of 2.6%.
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Consolidated Edison's stock was trading at $90.97 at the start of the year. Since then, ED stock has decreased by 0.7% and is now trading at $90.33.
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Consolidated Edison saw a decrease in short interest in 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 currently 3.2 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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Consolidated Edison, Inc. (NYSE:ED) issued its quarterly earnings results on Thursday, February, 15th. The utilities provider reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The business's quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS.

Consolidated Edison announced a quarterly dividend on Thursday, January 18th. Investors 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 3.68%. The ex-dividend date of this dividend is Tuesday, February 13th. This is an increase from the stock's previous quarterly dividend of $0.81.
Read our dividend analysis for ED.

Consolidated Edison (NYSE:ED) pays an annual dividend of $3.32 per share and currently has a dividend yield of 3.72%. 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.

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), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Utilities Select Sector SPDR Fund (XLU) and Vanguard Utilities ETF (VPU).

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 estimate of $5.29.

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.

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).

Consolidated Edison's stock is owned by many different institutional and retail investors. Top institutional investors include Welch Group LLC (0.14%), Wealth Enhancement Advisory Services LLC (0.11%), CWM LLC (0.07%), Los Angeles Capital Management LLC (0.06%), Gateway Investment Advisers LLC (0.06%) and AMF Tjanstepension AB (0.04%). 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.
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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.
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