Consolidated Edison, Inc. (ED)
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]
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 StatementsAnalyst 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.
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...

5 Stocks to Sell or Avoid Now
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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.

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...

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....

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...

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.

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?

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...

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%.

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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.

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.

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...

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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...

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

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 ...

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.

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 ...

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.

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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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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...

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.

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.