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Consolidated Edison, Inc. (ED)

Stock Price: $68.30 USD 1.34 (2.00%)
Updated Mar 5, 2021 4:00 PM EST - Market closed
After-hours: $68.29 -0.01 (-0.02%) Mar 5, 7:25 PM
Market Cap 23.40B
Revenue (ttm) 12.25B
Net Income (ttm) 1.10B
Shares Out 334.80M
EPS (ttm) 3.28
PE Ratio 20.82
Forward PE 15.75
Dividend $3.06
Dividend Yield 4.48%
Trading Day March 5
Last Price $68.30
Previous Close $66.96
Change ($) 1.34
Change (%) 2.00%
Day's Open 67.36
Day's Range 66.82 - 68.67
Day's Volume 3,702,783
52-Week Range 60.18 - 91.81

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The Motley Fool - 5 days ago

Big yields don't mean much if the payouts aren't reliable and aren't poised to at least outgrow inflation.

Other stocks mentioned: CCI, PG
The Motley Fool - 1 week ago

These companies offer even more compelling yields following their sell-off over the past year.

Other stocks mentioned: ENB, SLG
Zacks Investment Research - 2 weeks ago

Consolidated Edison's (ED) bottom line drops 12.8% year over year in the fourth quarter due to lower operating income.

Zacks Investment Research - 2 weeks ago

Con Ed (ED) delivered earnings and revenue surprises of 4.17% and -3.16%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

PRNewsWire - 2 weeks ago

NEW YORK, Feb. 18, 2021 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2020 net income for common stock of $1,101 million or $3.29 a share compared with $1,34...

Benzinga - 2 weeks ago

Shares of Consolidated Edison (NYSE:ED) decreased in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share were down 13.79% year over year to $0.75, ...

Zacks Investment Research - 2 weeks ago

Total Q4 earnings of Utility stocks are expected to drop 2.8% year over year on 0.1% lower revenues.

Other stocks mentioned: FE, LNT, PPL, SO
Zacks Investment Research - 2 weeks ago

Consolidated Edison's (ED) Q4 results are expected to benefit from favorable weather pattern. Yet, storm-related expenses might have dragged down its bottom line.

The Motley Fool - 3 weeks ago

This trio is well-positioned for the solar-powered future.

Other stocks mentioned: AY, SEDG
The Motley Fool - 3 weeks ago

You need reliable income. These stocks deliver.

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The Motley Fool - 1 month ago

These sleepy stocks could enrich patient investors willing to hold for the long term.

Other stocks mentioned: BIP, WCN
PRNewsWire - 1 month ago

NEW YORK, Feb. 3, 2021 /PRNewswire/ -- Con Edison customers continued their rapid adoption of solar energy in 2020, despite the economic and logistical challenges the coronavirus pandemic pose...

InvestorPlace - 1 month ago

While stocks keep going up and up, more risks are mounting under the surface. As such, you should be looking at safe stocks to buy now.

Other stocks mentioned: HRL, KMB, NVO, VZ, WBA, WMT, VZA
Seeking Alpha - 1 month ago

I discuss 3 utilities that are yielding over 4% and are undervalued based on P/E ratio. The utilities have been impacted by lower demand caused by COVID-19 and company specific challenges.

Other stocks mentioned: NWE, SR
Seeking Alpha - 1 month ago

My dividend stock portfolio was burnt by dividend cuts in 2020 and lost over $800+ in forward dividend income. Therefore, I was ready to get back to basics and acquire more shares in the best ...

Other stocks mentioned: AFL, INTC, MDU, PFE, SJM, VYM, VZ
Seeking Alpha - 1 month ago

Consolidated Edison seems to be a utility in the midst of a battleground, raging around the city of New York. This article serves to establish a thesis on the utility. While care does need to ...

PRNewsWire - 1 month ago

NEW YORK, Jan. 22, 2021 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) plans to report its 2020 earnings on February 18, 2021 after the market closes. Consolidated Edison, In...

PRNewsWire - 1 month ago

NEW YORK, Jan. 21, 2021 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 77.5 cents a share on its common stock, payable March 15, 2021 to sto...

Seeking Alpha - 1 month ago

In my monthly series of 10 Dividend Growth Stocks, I rank a selection of dividend growth stocks in Dividend Radar and present the 10 top-ranked stocks for consideration. To rank stocks, I use ...

Other stocks mentioned: AEP, CSCO, IDA, LMT, MMM, MRK, PFE, PNW, T
Seeking Alpha - 1 month ago

In December, we received $4,699.20 in dividend income. That is a 23.4% increase compared to last year. We received $3,500 from our retirement accounts this month alone. In total, our dividend ...

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Seeking Alpha - 2 months ago

Abbott Laboratories announced a massive 25% dividend increase in December. This was the company's 49th consecutive dividend increase. The banking sector received a nice jolt in December when t...

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GuruFocus - 2 months ago

The S&P 500 has a trailing price-earnings ratio of more than 42 at the moment. Even using expected earnings per share for the next year results in a forward price-earnings ratio of more than 26.

Other stocks mentioned: AVA, POR
Seeking Alpha - 2 months ago

I believe this stock is roughly 15-20% undervalued at its current price of $70. Con Ed is four years shy of Dividend King status and shows no signs of slowing down with the next increase expec...

Benzinga - 2 months ago

Two companies going public via SPAC are using electric school buses in a test of vehicle to grid deployments for one of the largest utility companies in the U.S. What Happened: Lion Electric, ...

Other stocks mentioned: NGA
PRNewsWire - 2 months ago

NEW YORK, Dec. 10, 2020 /PRNewswire/ -- Con Edison has begun using the batteries on five electric school buses to provide power to its customers, marking the first time in New York State that ...

Forbes - 3 months ago

The S&P is likely to consolidate its gains in the next week.

Other stocks mentioned: AVGO
Zacks Investment Research - 3 months ago

Con Ed (ED) reported earnings 30 days ago. What's next for the stock?

PRNewsWire - 3 months ago

NEW YORK, Dec. 1, 2020 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) announced today it has agreed to issue 7,200,000 of its common shares. These common shares are being ...

Seeking Alpha - 3 months ago

For the month, there were 13 buys including two new positions. I made the month's purchases last Friday. With the market flying high, what bargains are out there now?

Other stocks mentioned: ABEV, AZPN, BRKR, CBOE, DANOY, ENB, FAF, FLIC, HRL, ITIC, JNJ, OVBC, ROP
Seeking Alpha - 3 months ago

Consolidated Edison has raised its dividend for more than 40 years in a row. Its dividend yield relative to the yield of treasuries is at a historic high.

PRNewsWire - 3 months ago

NEW YORK, Nov. 20, 2020 /PRNewswire/ -- Con Edison was recognized by PA Consulting as the recipient of the 2020 ReliabilityOne® Award for Outstanding Reliability Performance in the Northeast R...

Reuters - 3 months ago

A group of major U.S. utilities, Tesla, Uber and others said on Tuesday they are launching a new group to lobby for national policies to boost electric vehicle sales.

Other stocks mentioned: TSLA, UBER, ALB, DUK, PCG, RIDE
The Motley Fool - 3 months ago

Investors who can look past the static and the headlines will find these solid income payers are being underestimated by the market.

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Seeking Alpha - 3 months ago

The Elephant Dividends portfolio's projected annual dividend income (PADI) is $907.25. Well-constructed charts and graphs are useful tools for monitoring and maintaining a properly diversified...

Other stocks mentioned: AMGN, DUK, EPD, O, TD, TSN
Zacks Investment Research - 4 months ago

Consolidated Edison's (ED) Q3 revenues of $3,333 million miss the Zacks Consensus Estimate by 1.7% and slip 1% from the year-ago quarter.

Zacks Investment Research - 4 months ago

Con Ed (ED) delivered earnings and revenue surprises of -1.99% and -1.65%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

PRNewsWire - 4 months ago

NEW YORK, Nov. 5, 2020 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2020 third quarter net income for common stock of $493 million or $1.47 a share compared...

Zacks Investment Research - 4 months ago

Consolidated Edison's (ED) Q3 results are expected to reflect adverse impacts of storm activities that might have pushed up its quarterly expenses, thereby hurting the bottom line.

Zacks Investment Research - 4 months ago

Con Ed (ED) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

GuruFocus - 4 months ago

Dividend investors may be attracted by the three stocks listed below, as these securities are supplying higher dividend yields than the S&P 500 Index, more than doubling the benchmark for the ...

Other stocks mentioned: MMM
PRNewsWire - 4 months ago

NEW YORK, Oct. 22, 2020 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 76.5 cents a share on its common stock, payable December 15, 2020 to ...

PRNewsWire - 4 months ago

NEW YORK, Oct. 21, 2020 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 3rd Quarter 2020 earnings on November 5, 2020 after the market closes. Consolidate...

Benzinga - 4 months ago

Consolidated Edison, Inc's (NYSE: ED) stock does not reflect the risk to consensus and guidance for yearend and 2021 from elevated COVID-19-related costs, according to Goldman Sachs. The Conso...

InvestorPlace - 4 months ago

Volatility is worsening ahead of the U.S. elections, so here are 7 companies to invest in rather than getting discouraged. The post 7 Companies to Invest In Ahead of Q4 for Long-term Returns a...

Other stocks mentioned: HPQ, LYB, MSFT, TTD, AMD, KO
Business Wire - 5 months ago

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Con Edison and Itron announce that the New York State Public Service Commission (NYS PSC) has affirmed its consent approval of Itron’s 550G Gas ERT.

Other stocks mentioned: ITRI
Seeking Alpha - 5 months ago

Dividend Stock Showdown: Consolidated Edison Vs. Duke Energy - Best Utility Stock

Other stocks mentioned: DUK
The Motley Fool - 5 months ago

With things getting ready to get rocky again, it's time to step into more proven players.

Other stocks mentioned: CB, PEP
PRNewsWire - 5 months ago

NEW YORK, Sept. 28, 2020 /PRNewswire/ -- Con Edison is installing 376,000 smart-technology natural gas detectors for customers in New York City and Westchester County, providing an unprecedent...

Seeking Alpha - 5 months ago

Con Ed yields 4.14%, and will go ex-dividend ~11/12/20 for $.756.

24/7 Wall Street - 5 months ago

September is doing what September often does, and the Robinhood traders who are long out of the money call options, and stocks they bought on margin are getting clipped pretty well.

Other stocks mentioned: BMY, MCD, PEP, T

About ED

Consolidated Edison Company of New York engages in the regulated electric, gas, and steam delivery businesses in the United States. The company offers electric service to approximately 3.5 million customers in New York City and Westchester County; and delivers gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County. It also operates steam distribution system that produces and delivers steam to approximately 1,576 customers in the parts of Manhattan. As of December 31, 2020, the company's distr... [Read more...]

Industry
Utilities-Regulated Electric
Founded
1884
CEO
John McAvoy
Employees
14,071
Stock Exchange
NYSE
Ticker Symbol
ED
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 Forecasts

According to 17 analysts, the average rating for ED stock is "Sell." The 12-month stock price forecast is 71.21, which is an increase of 4.26% from the latest price.

Price Target
$71.21
(4.26% upside)
Analyst Consensus: Sell