Consolidated Edison, Inc. (ED)

NYSE: ED · IEX Real-Time Price · USD
96.64
-0.17 (-0.18%)
At close: May 14, 2024, 4:00 PM
96.76
+0.12 (0.12%)
After-hours: May 14, 2024, 7:15 PM EDT
-0.18%
Market Cap 33.42B
Revenue (ttm) 14.54B
Net Income (ttm) 1.81B
Shares Out 345.84M
EPS (ttm) 5.22
PE Ratio 18.51
Forward PE 17.27
Dividend $3.32 (3.44%)
Ex-Dividend Date May 14, 2024
Volume 1,706,711
Open 97.30
Previous Close 96.81
Day's Range 96.02 - 97.43
52-Week Range 80.46 - 98.85
Beta 0.34
Analysts Hold
Price Target 90.39 (-6.47%)
Earnings Date May 2, 2024

About 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 Jer... [Read more]

Sector Utilities
Founded 1884
Employees 14,592
Stock Exchange NYSE
Ticker Symbol ED
Full Company Profile

Financial Performance

In 2023, ED's revenue was $14.66 billion, a decrease of -6.43% compared to the previous year's $15.67 billion. Earnings were $2.52 billion, an increase of 51.75%.

Financial Statements

Analyst Forecast

According to 15 analysts, the average rating for ED stock is "Hold." The 12-month stock price forecast is $90.39, which is a decrease of -6.47% from the latest price.

Price Target
$90.39
(-6.47% downside)
Analyst Consensus: Hold
Stock Forecasts

News

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Utility Stocks Have Jumped. Why It Might Be Time to Sell.

The sector's shares have moved higher, but expected dividends payments haven't grown much.

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5 days ago - Barrons

CON EDISON REPORTS 2024 FIRST QUARTER EARNINGS

NEW YORK , May 2, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 first quarter net income for common stock of $720 million or $2.08 a share compared with $1...

12 days ago - PRNewsWire

9 Stocks That Thrive When Interest Rates Are Higher

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19 days ago - Barrons

CON EDISON DECLARES COMMON STOCK DIVIDEND

NEW YORK , April 18, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 83 cents a share on its common stock, payable June 14, 2024 to stockholders...

26 days ago - PRNewsWire

Con Edison to Report 1st Quarter 2024 Earnings on May 2

NEW YORK , April 11, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 1st Quarter 2024 earnings on May 2, 2024 after the market closes. Consolidated Edison, I...

4 weeks ago - PRNewsWire

Con Edison to Attend Investor Meetings in Europe

NEW YORK , March 20, 2024 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) Chairman & CEO Tim Cawley will meet with investors in Europe during the week of March 25 to 28, 2024. As p...

7 weeks ago - PRNewsWire

CON EDISON REPORTS 2023 EARNINGS

NEW YORK , Feb. 15, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2023 net income for common stock of $2,519 million or $7.25 a share compared with $1,660 milli...

3 months ago - PRNewsWire

New York regulator approves Con Edison's $1.2 bln clean city project

The New York state's utilities regulator on Thursday approved Con Edison's $1.2 billion reliable clean city project in Queens.

4 months ago - Reuters

Con Edison to Report 2023 Earnings on February 15

NEW YORK , Jan. 16, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) plans to report its 2023 earnings on February 15, 2024 after the market closes. Consolidated Edison, Inc. is o...

4 months ago - PRNewsWire

Con Edison Executives to Attend Investor Conferences In January 2024

NEW YORK , Jan. 2, 2024 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) executives will meet with investors at various conferences during the first two weeks of January.  The compa...

4 months ago - PRNewsWire

7 Dividend Stocks to Buy as Bond Yields Fall

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5 months ago - Barrons

Con Edison Executives to Attend Investor Conferences During the Week of December 4 to 8, 2023

NEW YORK , Nov. 30, 2023 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) executives will meet with investors at a series of conferences the week of December 4 to 8, 2023. The compa...

5 months ago - PRNewsWire

Con Edison to Attend EEI Financial Conference Nov. 12-14, 2023

NEW YORK , Nov. 9, 2023 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) executives will meet with investors at the Edison Electric Institute (EEI) Financial Conference in Phoenix, ...

6 months ago - PRNewsWire

Agilitas Energy Constructs Largest Non-Wires Solution Energy Storage System in Con Edison's New York City and Westchester County Service Area

WAKEFIELD, Mass.--(BUSINESS WIRE)--Agilitas Energy constructed the largest standalone, non-wires solution energy storage system in Con Edison's NYC and Westchester County service area.

6 months ago - Business Wire

CON EDISON REPORTS 2023 THIRD QUARTER EARNINGS

NEW YORK , Nov. 2, 2023 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2023 third quarter net income for common stock of $526 million or $1.53 a share compared with $...

6 months ago - PRNewsWire

67 Best Dividend Stocks for Dependable Dividend Growth

The highest yield isn't everything when it comes to finding the best dividend stocks. Income investors know there's no substitute for regular dividend increases over the long haul.

6 months ago - Kiplinger

Con Edison Elects New Board Member

Cathy Zoi Will Join the Company's Board of Directors; Appointment Effective February 1, 2024 NEW YORK , Oct. 19, 2023 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE:ED) today announced...

7 months ago - PRNewsWire

Con Edison to Report 3rd Quarter 2023 Earnings on November 2

NEW YORK , Oct. 4, 2023 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) plans to report its 3rd Quarter 2023 earnings on November 2, 2023 after the market closes. Consolidated Edison,...

7 months ago - PRNewsWire

CON EDISON LEADERSHIP TO PRESENT WEBCAST ABOUT OUR CLEAN ENERGY FUTURE ON OCTOBER 3rd

NEW YORK , Oct. 2, 2023 /PRNewswire/ -- Consolidated Edison, Inc. (NYSE: ED) will make a clean energy presentation from 9 a.m. to 10 a.m.

8 months ago - PRNewsWire

CON EDISON TO WEBCAST CLEAN ENERGY FUTURE PRESENTATION ON OCTOBER 3

NEW YORK , Sept. 18, 2023 /PRNewswire/ -- Consolidated Edison's corporate leadership will make a Clean Energy Future presentation from 9 a.m.

8 months ago - PRNewsWire

NY's Con Edison building 1,500-MW Brooklyn hub to plug into offshore wind

New York's Con Edison on Tuesday said it has broken ground on a transmission substation project, the Brooklyn Clean Energy Hub, to strengthen the region's power grid by serving as a plug-in point for ...

8 months ago - Reuters

Here are 19 stocks Jim Cramer is watching, including Chipotle, LULU and Airbnb

Here are some of the tickers on my radar for Tuesday, Sept. 5, taken directly from my reporter's notebook.

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9 months ago - CNBC

Con Edison to Attend Barclays CEO Energy-Power Conference, September 7

NEW YORK , Sept. 1, 2023 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) executives will meet with investors at the Barclays CEO Energy-Power Conference in New York City on September...

9 months ago - PRNewsWire

The Fed Will Send These Safe Dividends Soaring In 2024

We're bullish on utilities now because this economy is bogging out. We got more proof of that last week, with China posting an anemic 0.8% growth rate in Q2.

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9 months ago - Forbes