Consolidated Edison, Inc. (ED)

NYSE: ED · Real-Time Price · USD
97.88
+0.91 (0.94%)
Nov 20, 2024, 4:00 PM EST - Market closed
0.94%
Market Cap 33.91B
Revenue (ttm) 15.03B
Net Income (ttm) 1.84B
Shares Out 346.41M
EPS (ttm) 5.31
PE Ratio 18.42
Forward PE 17.81
Dividend $3.32 (3.39%)
Ex-Dividend Date Nov 13, 2024
Volume 1,358,140
Open 96.60
Previous Close 96.97
Day's Range 96.43 - 97.92
52-Week Range 85.85 - 107.75
Beta 0.35
Analysts Hold
Price Target 96.39 (-1.52%)
Earnings Date Nov 7, 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, Consolidated Edison'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 $96.39, which is a decrease of -1.52% from the latest price.

Price Target
$96.39
(-1.52% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Consolidated Edison: Potential High-Single-Digit Returns With Low Risk

Consolidated Edison, a monopoly utility in NYC, is rated a Buy due to expected earnings growth and its status as a Dividend King. Despite a recent 5% share price dip, Con Edison's Q3 earnings beat est...

7 days ago - Seeking Alpha

67 Aristocrats November Dividend Cornucopia Has 39 'Safer' And 2 Ideal Dogs

November's top-yielding Aristocrats include Franklin Resources, Amcor, Hormel, and Kenvue, meeting the dogcatcher ideal of dividends from $1K invested exceeding single share prices. Analysts forecast ...

11 days ago - Seeking Alpha

CON EDISON REPORTS 2024 THIRD QUARTER EARNINGS

NEW YORK , Nov. 7, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 third quarter net income for common stock of $588 million or $1.70 a share compared with $...

13 days ago - PRNewsWire

Con Edison to Report 3rd Quarter 2024 Earnings on November 7

NEW YORK , Oct. 23, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 3rd Quarter 2024 earnings on November 7, 2024 after the market closes. Consolidated Ediso...

4 weeks ago - PRNewsWire

Brooklyn to Receive a Charge From Electric School Bus Batteries with New Vehicle-to-Everything Smart Energy Hub Built by First Student and Con Edison

Twelve electric school buses topped with solar panels will also serve local schools as part of revolutionary demonstration project BROOKLYN, N.Y. , Oct. 22, 2024 /PRNewswire/ -- The Brooklyn community...

4 weeks ago - PRNewsWire

CON EDISON DECLARES COMMON STOCK DIVIDEND

NEW YORK , Oct. 17, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 83 cents a share on its common stock, payable December 16, 2024 to stockhold...

4 weeks ago - PRNewsWire

Buy 7 October Dividend Kings, Watch 10 More

A Dividend King is a stock with 50 or more consecutive years of dividend increases per suredividend.com. The 53 Dividend Kings, screened as of October 8, represented 8 of 11 Morningstar Sectors. Broke...

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5 weeks ago - Seeking Alpha

Consolidated Edison: New York City Isn't Going Anywhere

Utilities, despite their 'boring' reputation, offer stable returns and act as a great inflation hedge, with many companies showing incredible long-term performance. ConEd's regulated monopoly in NYC e...

5 weeks ago - Seeking Alpha

Buy 4 October Dividend Aristocrats & Watch 10

"Dividend Aristocrats... in the S&P500 Index… have raised their annual payouts every year for at least 25 consecutive years." -- Kiplinger.com/Investing. 67 Aristocrats, screened as of October 7, 2024...

6 weeks ago - Seeking Alpha

Consolidated Edison, Inc. (ED) Consolidated Edison Clean Energy Webinar (Transcript)

Consolidated Edison, Inc. (NYSE:ED) Consolidated Edison Clean Energy Webinar October 8, 2024 9:00 AM ET Company Participants Jan Childress - Director, Investor Relations Tim Cawley - Chairman and Chi...

6 weeks ago - Seeking Alpha

Surging utility stocks primed for more gains as energy costs fall and interest rates ease - Ed Butowsky

Jeremy Szafron joins Kitco News as an anchor and producer from Kitco's Vancouver bureau.  Jeremy is a seasoned journalist with a diverse background covering entertainment, current affairs and finance.

Other symbols: ETRSO
6 weeks ago - Kitco

Undervalued Dividend Kings: October 2024

Dividend Kings have a 50+ year track record of increasing dividends, showcasing resilience through economic challenges. I rank Dividend Kings by quality score and highlight undervalued stocks for pote...

Other symbols: ABBVABMABTADMAWRBDXBKH
6 weeks ago - Seeking Alpha

CON EDISON LEADERSHIP TO PRESENT WEBCAST ABOUT OUR CLEAN ENERGY FUTURE ON OCTOBER 8

NEW YORK , Sept. 30, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (NYSE: ED) will make a clean energy presentation from 9 a.m.

7 weeks ago - PRNewsWire

CON EDISON TO WEBCAST CLEAN ENERGY FUTURE PRESENTATION ON OCTOBER 8

NEW YORK , Sept. 16, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (NYSE: ED) will make a clean energy presentation from 9 a.m.

2 months ago - PRNewsWire

Con Edison Executives to Attend Financial Conferences in September and October 2024

NEW YORK , Sept. 3, 2024 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) executives will meet with investors at conferences in September and October 2024.

2 months ago - PRNewsWire

Top 2 Utilities Stocks That Should Keep You Up At Night In Q3

As of Aug 6, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Other symbols: WEC
3 months ago - Benzinga

CON EDISON REPORTS 2024 SECOND QUARTER EARNINGS

NEW YORK , Aug. 1, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 second quarter net income for common stock of $202 million or $0.58 a share compared with ...

3 months ago - PRNewsWire

Con Edison to Report 2nd Quarter 2024 Earnings on August 1

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

4 months ago - PRNewsWire

Evergy CFO Kirk Andrews to replace retiring Con Edison CFO Robert Hoglund

Consolidated Edison's incoming chief financial officer is Kirk Andrews, who served as CFO of Midwest utility Evergy since 2021. Andrews will replace Robert Hoglund who plans to retire later in 2024.

5 months ago - CNBC

CON EDISON ANNOUNCES RETIREMENT OF ROBERT HOGLUND; KIRKLAND ANDREWS TO SUCCEED HOGLUND AS CFO

NEW YORK , June 10, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) and Consolidated Edison Company of New York, Inc. (CECONY) today announced that Robert Hoglund plans to retir...

Other symbols: EVRG
5 months ago - PRNewsWire

Evergy Announces CFO Transition

KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy (NASDAQ: EVRG) announced today the pending departure of EVP and CFO Kirk Andrews, who will become CFO at Consolidated Edison (NYSE: ED).

Other symbols: EVRG
5 months ago - Business Wire

If I Had To Retire With 10 Dividend Aristocrats, It Would Be These

Dividend Aristocrats are generally excellent stocks for a retiree's passive income portfolio. They generally have wide moats, strong balance sheets, excellent management teams, and the ability to navi...

6 months ago - Seeking Alpha

Con Edison Executives to Attend Financial Conferences in May and June 2024

NEW YORK , May 15, 2024 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) executives will meet with investors at various conferences during May and June 2024. A copy of Con Edison's ...

6 months ago - PRNewsWire

Bullish On AAPL, ED, NVDA

How will the upcoming CPI data and A.I. announcements impact stocks?

Other symbols: AAPLNVDA
6 months ago - Schwab Network

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.

Other symbols: DDUKXLU
6 months ago - Barrons