Consolidated Edison, Inc. (ED)

NYSE: ED · IEX Real-Time Price · USD
93.19
-3.72 (-3.84%)
Mar 21, 2023, 4:04 PM EDT - Market closed
-3.84%
Market Cap 33.09B
Revenue (ttm) 15.67B
Net Income (ttm) 1.66B
Shares Out 355.04M
EPS (ttm) 4.66
PE Ratio 19.99
Forward PE 20.28
Dividend $3.18 (3.41%)
Ex-Dividend Date Feb 14, 2023
Volume 2,515,150
Open 96.57
Previous Close 96.91
Day's Range 92.16 - 96.98
52-Week Range 78.10 - 102.21
Beta 0.35
Analysts Sell
Price Target 91.44 (-1.88%)
Earnings Date May 4, 2023

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 3.5 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 1,555 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 13,871
Stock Exchange NYSE
Ticker Symbol ED
Full Company Profile

Financial Performance

In 2022, ED's revenue was $15.67 billion, an increase of 14.58% compared to the previous year's $13.68 billion. Earnings were $1.66 billion, an increase of 23.33%.

Financial Statements

Analyst Forecast

According to 24 analysts, the average rating for ED stock is "Sell." The 12-month stock price forecast is $91.44, which is a decrease of -1.88% from the latest price.

Price Target
$91.44
(-1.88% downside)
Analyst Consensus: Sell
Stock Forecasts

News

Con Edison to Attend Investor Meetings in Europe, March 20-24

NEW YORK , March 17, 2023 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) today announced that its Chairman & CEO Tim Cawley will meet with investors in Europe during the week of M...

3 days ago - PRNewsWire

5 Stocks to Sell or Avoid Now

In a difficult market like this, weak positions can get even weaker. Wall Street analysts believe these five stocks should be near the front of your sell list.

Other symbols: BENCLXEXPDPFG
1 week ago - Kiplinger

Consolidated Edison (ED) Repurchases Common Shares Worth $1B

Consolidated Edison (ED) recently announced the repurchase of $1 billion of common shares under accelerated share repurchase (ACR) agreements.

1 week ago - Zacks Investment Research

Con Edison Announces $1 Billion Accelerated Share Repurchase

NEW YORK , March 6, 2023 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) today announced that it has entered into accelerated share repurchase agreements with two dealers to repurc...

2 weeks ago - PRNewsWire

CON EDISON FINALIZES SALE OF ITS CLEAN ENERGY BUSINESSES

NEW YORK , March 1, 2023 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE:ED) has successfully completed the sale of its wholly-owned subsidiary, Con Edison Clean Energy Businesses, Inc....

2 weeks ago - PRNewsWire

CON EDISON INVESTOR MATERIAL FOR CONFERENCES IS AVAILABLE FOR ONLINE VIEWING

NEW YORK , Feb. 24, 2023 /PRNewswire/ -- Con Edison (NYSE: ED) executives will meet with investors at three conferences next week and the company is making the presentation material available for view...

3 weeks ago - PRNewsWire

Consolidated Edison (ED) Q4 Earnings Beat, Revenues Up Y/Y

Consolidated Edison's (ED) Q4 revenues of $4,031 million surpass the Zacks Consensus Estimate by 14.6%. The top line also improves 18% from the year-ago quarter.

1 month ago - Zacks Investment Research

Consolidated Edison (ED) Surpasses Q4 Earnings and Revenue Estimates

Con Ed (ED) delivered earnings and revenue surprises of 3.85% and 14.58%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

CON EDISON REPORTS 2022 EARNINGS

NEW YORK , Feb. 16, 2023 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2022 net income for common stock of $1,660 million or $4.68 a share compared with $1,346 milli...

1 month ago - PRNewsWire

Utilities to Watch for Q4 Earnings on Feb 16: ETR, ED & More

Total Q4 earnings of Utility stocks are expected to improve 2.8% year over year, while revenues are likely to slip 0.7%.

Other symbols: AEEALEETRIDA
1 month ago - Zacks Investment Research

7 Stocks That Wall Street Hates — and YOU Should Buy!

While it's usually not the wisest move to trade against Wall Street experts, sometimes, they overlook certain ideas, presenting contrarian opportunities among stocks to buy. To be sure, the politics o...

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1 month ago - InvestorPlace

What's in Store for Consolidated Edison (ED) in Q4 Earnings?

Consolidated Edison's (ED) Q4 results are likely to reflect moderate weather pattern amid snowstorm impacts.

1 month ago - Zacks Investment Research

Consolidated Edison (ED) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

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 Executives to Speak on RBC Navigating the Energy Transition Panel, February 9

NEW YORK , Feb. 7, 2023 /PRNewswire/ -- Consolidated Edison's Senior Vice President of Customer Energy Solutions, Vicki Kuo, and Vice President of Manhattan Electric Operations, Lisa Primeggia, will s...

1 month ago - PRNewsWire

The 9 Best Utility Stocks to Buy Now

Income investors like utility stocks for their stability and generous dividends. Here are nine to watch in an uncertain market.

1 month ago - Kiplinger

4 Stocks to Watch From the Prospering Electric Power Industry

Electric power utilities like AEP, XEL, ED and PPL have well-chalked-out capital investment plans to upgrade infrastructure and add clean assets to their generation portfolio to provide efficient serv...

Other symbols: AEPPPLXEL
1 month ago - Zacks Investment Research

Seeking Income? 3 Utilities Stocks Worth Consideration

Income investors commonly target the Utilities sector, as companies in the realm generate reliable and predictable demand thanks to their services being a necessity.

Other symbols: ATOGWRS
1 month ago - Zacks Investment Research

Con Edison to Report 2022 Earnings on February 16

NEW YORK , Jan. 24, 2023 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 2022 earnings on February 16, 2023 after the market closes. Consolidated Edison, Inc. is ...

1 month ago - PRNewsWire

Why Con Ed (ED) Could Beat Earnings Estimates Again

Con Ed (ED) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

2 months ago - Zacks Investment Research

CON EDISON DECLARES COMMON STOCK DIVIDEND

NEW YORK, Jan. 19, 2023 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 81 cents a share on its common stock, payable March 15, 2023 to stockholders ...

2 months ago - PRNewsWire

Are Utilities Stocks Lagging Consolidated Edison (ED) This Year?

Here is how Consolidated Edison (ED) and RWE AG (RWEOY) have performed compared to their sector so far this year.

2 months ago - Zacks Investment Research

The 7 Best Dividend Stocks for Passive Income in 2023

Dividend stocks are getting hot again so it makes sense to look for the best dividend stocks for passive income. The new year is here, and many investors are switching up their strategies.

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2 months ago - InvestorPlace

3 Electric Utility Stocks With Safe Dividends Even in Severe Recessions

The current macro environment is challenging for stock market investors. The ongoing war in Ukraine, supply chain disruptions in China and rising interest rates have clouded the picture for the U.S. a...

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3 months ago - InvestorPlace

Is Consolidated Edison (ED) Stock Outpacing Its Utilities Peers This Year?

Here is how Consolidated Edison (ED) and NTT (NTTYY) have performed compared to their sector so far this year.

3 months ago - Zacks Investment Research

Con Edison to Webcast Environmental, Social, And Governance (ESG) Presentation on November 29th

NEW YORK , Nov. 23, 2022 /PRNewswire/ -- Consolidated Edison's corporate leadership will make an Environmental, Social, and Governance presentation on Tuesday, Nov. 29 at 9 a.m., Eastern time.

4 months ago - PRNewsWire