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Consolidated Edison, Inc. (ED)
NYSE:ED
Consolidated Edison (ED) Stock Price & Analysis
1,981 Followers
ED Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$78.31 - $98.11
Previous Close$94.04
Volume1.81M
Average Volume (3M)1.90M
Market Cap
$32.52B
Enterprise Value$56.34B
Total Cash (Recent Filing)$1.19B
Total Debt (Recent Filing)$25.01B
Price to Earnings (P/E)18.0
Beta0.32
Next Earnings
Aug 01, 2024EPS Estimate
$0.58Next Dividend Ex-Date
Aug 14, 2024Dividend Yield3.49%
Share Statistics
EPS (TTM)5.21
Shares Outstanding345,834,711
10 Day Avg. Volume1,593,445
30 Day Avg. Volume1,899,964
Standard Deviation0.06
R-Squared0.11
Alpha0.00181
Financial Highlights & Ratios
Price to Book (P/B)1.47
Price to Sales (P/S)2.13
Price to Cash Flow (P/CF)13.60
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.84
Enterprise Value/Gross Profit3.92
Enterprise Value/Ebitda11.45
Forecast
1Y Price Target
$92.33Price Target Upside-1.82% Downside
Rating ConsensusHold
Number of Analyst Covering8
Consolidated Edison News
PremiumPress Releases
CON EDISON DECLARES COMMON STOCK DIVIDEND
PremiumCompany Announcements
Consolidated Edison Announces Major Leadership Transition
Bulls Say, Bears Say
Bulls Say
Financial PerformanceManagement is well positioned to eventually raise FY24 EPS guidance following strong 1Q24 reported earnings.
Management And LeadershipMr. Robert Hoglund leaves ED on solid footing as he plans to retire from the CFO role.
Regulatory EnvironmentNY regulation appears to be relatively stable with a less politicized environment vs. 5 years ago.
Bears Say
Cost OverrunsLowering the 2024 estimate to $5.20, the lower end of ED's 2024 guidance range, following the NYPSC's decision to disallow recoveries associated with the $88m cost overruns with the new computer information system at CECONY.
Rate Base GrowthAffordability considerations could be the limiting factor as ED’s rate base growth forecast of 6.5% is slightly below average.
ValuationValuation skews expensive, with the stock trading at a 14% premium to the large-cap peer group.
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Ownership Overview
0.41% Insiders
17.35% Mutual Funds
30.70% Other Institutional Investors
51.53% 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 10 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 3.49%. See more information on Consolidated Edison, Inc. dividends here
What is Consolidated Edison, Inc.’s EPS estimate?
Consolidated Edison, Inc.’s EPS estimate is $0.58.
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
Unlock Smart Score
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Analyst Consensus
Hold
Average Price Target:
$92.33 (-1.82% Downside)
$92.33 (-1.82% Downside)
Blogger Sentiment
Bullish
ED Sentiment 83%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 113.8K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $145.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.5%
Last 30 Days ▲ 11.2%
Last 30 Days ▲ 11.2%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
4.29%
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
$92.33
▼(-1.82% Downside)
Technical Analysis
Best Analysts Covering ED
1 Year
1 Year Success Rate
9/37 ratings generated profit
1 Year Average Return
-9.15%
reiterated a sell rating 28 days ago
Copying David Arcaro's trades and holding each position for 1 Year would result in 24.32% of your transactions generating a profit, with an average return of -9.15% per trade.
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