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Consolidated Edison, Inc. (ED)
NYSE:ED
Consolidated Edison (ED) Stock Price & Analysis
1,960 Followers
ED Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$78.31 - $98.11
Previous Close$94.55
Volume7.91M
Average Volume (3M)2.03M
Market Cap
$32.70B
Enterprise Value$56.52B
Total Cash (Recent Filing)$1.19B
Total Debt (Recent Filing)$25.01B
Price to Earnings (P/E)18.1
Beta0.44
Next Earnings
Aug 01, 2024EPS Estimate
$0.55Last Dividend Ex-Date
May 14, 2024Dividend Yield3.53%
Share Statistics
EPS (TTM)5.21
Shares Outstanding345,834,711
10 Day Avg. Volume2,492,127
30 Day Avg. Volume2,029,227
Standard Deviation0.06
R-Squared0.10
Alpha0.00261
Financial Highlights & Ratios
Price to Book (P/B)1.57
Price to Sales (P/S)2.23
Price to Cash Flow (P/CF)7.50
P/FCF Ratio36.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.86
Enterprise Value/Gross Profit3.93
Enterprise Value/Ebitda11.49
Forecast
1Y Price Target
$91.00Price Target Upside-3.75% Downside
Rating ConsensusHold
Number of Analyst Covering9
Consolidated Edison News
PremiumPress Releases
CON EDISON REPORTS 2024 FIRST QUARTER EARNINGS
Bulls Say, Bears Say
Bulls Say
Earnings PerformanceED posted a solid start to the year with 1Q results of $2.15 vs. Barclays $1.98 / BBG $1.88, and management re affirmed the 5-7% LT EPS CAGR.
Financial StabilityNYPSC Staff recommended a 9.5% ROE and 48% equity layer which indicates confidence in the financial stability and potential profitability of the company.
Regulatory EnvironmentThe focus on the improved New York regulatory backdrop and the state's commitment to decarbonization is a strong endorsement for Con Edison's future.
Bears Say
Earnings Estimate RevisionAnalyst lowers the 2024 earnings estimate due to disallowed recovery of costs associated with CECONY's computer system overruns.
Financial Performance ImpactRevenue reduction of $38 million for electric and $20 million for gas will impact subsidiary O&R's financial performance.
Renewable Energy ChallengesThe recent cancellation of three offshore wind projects due to a manufacturing problem indicates potential challenges in the company's renewable energy initiatives.
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Ownership Overview
0.39% Insiders
17.07% Mutual Funds
36.77% Other Institutional Investors
45.76% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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ED FAQ
What was Consolidated Edison, Inc.’s price range in the past 12 months?
Consolidated Edison, Inc. lowest stock price was $78.31 and its highest was $98.11 in the past 12 months.
What is Consolidated Edison, Inc.’s market cap?
Currently, no data Available
When is Consolidated Edison, Inc.’s upcoming earnings report date?
Consolidated Edison, Inc.’s upcoming earnings report date is Aug 01, 2024 which is in 60 days.
How were Consolidated Edison, Inc.’s earnings last quarter?
Consolidated Edison, Inc. released its earnings results on May 02, 2024. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.898 by $0.252.
Is Consolidated Edison, Inc. overvalued?
According to Wall Street analysts Consolidated Edison, Inc.’s price is currently Overvalued.
Does Consolidated Edison, Inc. pay dividends?
Consolidated Edison, Inc. pays a Quarterly dividend of $0.83 which represents an annual dividend yield of 3.53%. See more information on Consolidated Edison, Inc. dividends here
What is Consolidated Edison, Inc.’s EPS estimate?
Consolidated Edison, Inc.’s EPS estimate is $0.55.
How many shares outstanding does Consolidated Edison, Inc. have?
Consolidated Edison, Inc. has 345,834,720 shares outstanding.
What happened to Consolidated Edison, Inc.’s price movement after its last earnings report?
Consolidated Edison, Inc. reported an EPS of $2.15 in its last earnings report, beating expectations of $1.898. Following the earnings report the stock price went up 0.328%.
Which hedge fund is a major shareholder of Consolidated Edison, Inc.?
Among the largest hedge funds holding Consolidated Edison, Inc.’s share is Gotham Asset Management LLC. It holds Consolidated Edison, Inc.’s shares valued at 1M.
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Consolidated Edison Stock Smart Score
Neutral
1
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4
5
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7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$91.00 (-3.75% Downside)
$91.00 (-3.75% Downside)
Blogger Sentiment
Bullish
ED Sentiment 80%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 113.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $145.6K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▲ 0.9%
Last 30 Days ▲ 1.7%
Last 30 Days ▲ 1.7%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
5.07%
12-Months-Change
Fundamentals
Return on Equity
8.51%
Trailing 12-Months
Asset Growth
6.17%
Trailing 12-Months
Company Description
Consolidated Edison, Inc.
Consolidated Edison Co. of New York, Inc. engages in the distribution of electric power services. It operates through the following segments: Electric, Gas, and Steam. The company was founded in 1884 and is headquartered in New York, NY.
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ED Revenue Breakdown
73.89% Electric
21.33% Gas
3.88% Steam
0.90% Non-utility
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ED Stock 12 Month Forecast
Average Price Target
$91.00
▼(-3.75% Downside)
Technical Analysis
Best Analysts Covering ED
1 Year
1 Year Success Rate
9/36 ratings generated profit
1 Year Average Return
-9.56%
reiterated a sell rating 5 days ago
Copying David Arcaro's trades and holding each position for 1 Year would result in 25.00% of your transactions generating a profit, with an average return of -9.56% per trade.
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