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Consolidated Edison, Inc. (ED)

NYSE: ED · IEX Real-Time Price · USD
73.00 -0.11 (-0.15%)
Sep 24, 2021 4:00 PM EDT - Market closed
Market Cap25.80B
Revenue (ttm)12.94B
Net Income (ttm)1.12B
Shares Out345.40M
EPS (ttm)3.29
PE Ratio22.17
Forward PE16.21
Dividend$3.09 (4.23%)
Ex-Dividend DateAug 17, 2021
Volume1,734,639
Open73.15
Previous Close73.11
Day's Range72.91 - 73.70
52-Week Range64.27 - 81.51
Beta0.16
AnalystsSell
Price Target75.30 (+3.2%)
Est. Earnings DateNov 4, 2021

About ED

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 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 1,576 customers in parts of Manhattan. It also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jer...

IndustryMulti-Utilities
Founded1884
CEOJohn McAvoy
Employees14,071
Stock ExchangeNYSE
Ticker SymbolED
Full Company Profile

Financial Performance

In 2020, ED's revenue was $12.25 billion, a decrease of -2.61% compared to the previous year's $12.57 billion. Earnings were $1.10 billion, a decrease of -18.02%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for ED stock is "Sell." The 12-month stock price forecast is 75.30, which is an increase of 3.15% from the latest price.

Price Target
$75.30
(3.15% upside)
Analyst Consensus: Sell

News

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Astoria Students Graduate From STEM Summer Program at Variety Boys & Girls Club, Get Head Start in Green Careers

ASTORIA, N.Y.--(BUSINESS WIRE)--Astoria students graduate from STEM program as part of NYPA, 174 Power Global and Con Edison collaboration

1 month ago - Business Wire

Con Edison To Webcast Environmental, Social, And Governance Presentation On Aug. 19

NEW YORK, Aug. 9, 2021 /PRNewswire/ -- Consolidated Edison's corporate leadership will make an Environmental, Social, and Governance presentation on Thursday, Aug. 19 at 9 a.m., Eastern Time.

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Consolidated Edison (ED) Q2 Earnings Miss, Revenues Rise Y/Y

Consolidated Edison's (ED) revenues of $2,971 million surpassed the Zacks Consensus Estimate by 5.2% and increased 9.3% year over year.

1 month ago - Zacks Investment Research

Consolidated Edison (ED) Q2 Earnings Lag Estimates

Con Ed (ED) delivered earnings and revenue surprises of -14.52% and 5.17%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Con Edison Reports 2021 Second Quarter Earnings

NEW YORK, Aug. 5, 2021 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2021 second quarter net income for common stock of $165 million or $0.48 a share compared with $19...

1 month ago - PRNewsWire

Utility Stock Q2 Earnings Lineup for Aug 5: DUK, ED & More

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Consolidated Edison (ED) to Post Q2 Earnings: What's in Store?

Consolidated Edison's (ED) Q2 revenues are expected to have benefited from warmer-than-normal weather pattern. However, heavy rainfalls might have pushed up its storm restoration cost.

1 month ago - Zacks Investment Research

Consolidated Edison (ED) Reports Next Week: Wall Street Expects Earnings Growth

Con Ed (ED) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Con Edison to Report 2nd Quarter 2021 Earnings on August 5

NEW YORK, July 26, 2021 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 2nd Quarter 2021 earnings on August 5, 2021 after the market closes. Consolidated Edison, In...

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Can Con Ed (ED) Keep the Earnings Surprise Streak Alive?

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Con Edison Declares Common Stock Dividend

NEW YORK, July 15, 2021 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 77.5 cents a share on its common stock, payable September 15, 2021 to stockhold...

2 months ago - PRNewsWire

New York PSC Approves 174 Power Global's East River Energy Storage Project

NEW YORK--(BUSINESS WIRE)--174 Power Global today announced that the New York State Public Service Commission (PSC) approved a Certificate of Public Convenience and Necessity for its 100-megawatt (MW) e...

2 months ago - Business Wire

Crestwood and Con Edison Announce Closing of Stagecoach Gas Services Divestiture

HOUSTON & NEW YORK--(BUSINESS WIRE)--Crestwood Equity Partners LP (NYSE: CEQP) (“Crestwood”) and Consolidated Edison, Inc. (NYSE: ED) (“Con Edison”) today announced the successful divestiture of the sub...

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Investments Aid Consolidated Edison (ED), Price Risk Impacts

Consolidated Edison (ED), with its systematic investments, aims to maintain the reliability of its electric, gas and steam delivery systems. However, weak solvency position dents the stock.

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Con Edison Says It Is Cut Out To Lead The Carbon-Free Transition

New York State just closed its last nuclear unit at Indian Point. How will it achieve its aggressive CO2 goals without it?

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Con Edison Announces Public Offering Of Common Shares

NEW YORK, June 15, 2021 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) announced today it has agreed to issue 10,100,000 of its common shares.  These common shares are being offered...

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