ED - Consolidated Edison, Inc.

NYSE - NYSE Delayed Price. Currency in USD
88.14
-0.24 (-0.27%)
At close: 4:03PM EDT
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Trade prices are not sourced from all markets
Previous Close88.38
Open88.40
Bid87.48 x 900
Ask88.16 x 900
Day's Range88.09 - 88.92
52 Week Range71.12 - 88.92
Volume1,069,002
Avg. Volume1,914,764
Market Cap29.342B
Beta (3Y Monthly)0.25
PE Ratio (TTM)20.18
EPS (TTM)4.37
Earnings DateJul 31, 2019 - Aug 5, 2019
Forward Dividend & Yield2.96 (3.44%)
Ex-Dividend Date2019-05-14
1y Target Est83.60
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  • Consolidated Edison (ED) Invests $1.5B, Lowers Customer Bills
    Zacksyesterday

    Consolidated Edison (ED) Invests $1.5B, Lowers Customer Bills

    Consolidated Edison's (ED) systematic capital investments to enhance reliability of its electric systems.

  • GlobeNewswire2 days ago

    Renewables, Energy Efficiency Gains, Core System Upgrades Highlight Con Edison 2018 Sustainability Report 

    Consolidated Edison, Inc.’s (Con Edison) [NYSE: ED] 2018 Sustainability Report (https://bit.ly/2w2lJOq) noted that the New York-based energy company acquired solar and wind projects worth $2.1 billion through its Clean Energy Businesses subsidiary last year, making the corporation the second largest solar producer in North America. “When it comes to a cleaner, more efficient future, Con Edison is delivering for our customers and the planet,” said John McAvoy, the corporation’s chairman and chief executive officer. “Reducing carbon emissions and expanding our renewable energy sources is vital to our long-term sustainability.

  • 5 Safe Stocks to Buy This Summer
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    5 Safe Stocks to Buy This Summer

    With the growing trade war with China, slowing economic growth in Europe and political problems here at home, there's a lot on investor's plates these days. That could explain why the markets have gone haywire over the last few weeks. With volatility rising and big market swings now a common occurrence, the stocks to buy these days may not be the high flyers, but those come with a hefty dose of safety.The stocks to buy these days are those with steady revenues, big cash balances and a hefty dose of dividends. The kind of equities that could be immune to the various geopolitical and economic events that are plaguing the markets currently.There are plenty of studies that show if a portfolio can have a smoother ride, then returns can be better over the long haul. Given the craziness and potential for doom and gloom, these less volatile safe stocks could be exactly what the doctored ordered.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Names That Are Screaming Stocks to Buy But which are the safe stocks to buy today? Here are five that will help you ride out the summer with relative ease. McDonald's (MCD)Source: Shutterstock McDonald's (NYSE:MCD) needs no introduction. The burger joint is iconic at this point with millions of customers stepping into its restaurants daily. This flood of customers continues to produce ample revenues, cash flows and profits for MCD. The best part is that McDonald's tends to be pretty immune to the effects of the economy. People want their Big Macs and fries no matter what.That point alone makes it one of the best stocks to buy for the summer.But the burger joint is now adding a touch of growth to its safety. Over the last year or so, MCD has increased its use of technology in its restaurants. This has included updating its mobile apps, increasing options for online ordering, adding self-ordering kiosks and even began offering delivery via Uber (NYSE:UBER). However, the real win has been its forays into artificial intelligence and data mining via its buyout of Dynamic Yield. All of these initiatives are designed to boost revenues and margins.And it looks like they are working. Two years into MCD's Velocity Growth Plan and the golden arches are much more golden these days. Both sales and profits have jumped.With a yield of 2.32%. MCD stock is an ideal place to wait out the market's current volatility. Waste Management (WM)Source: Shutterstock We make a lot of trash and it has to go somewhere. Increasingly that job continues to fall toward Waste Management, Inc. (NYSE:WM). WM owns the largest network of landfills, transfer stations, and recycling facilities in the industry. It's a massive moat that can only be matched by a few competitors. Because of this scale and virtual monopoly, Waste Management enjoys some pretty hefty pricing power.It has been successfully able to pass on price increases to customers.And WM keeps on getting bigger. The firm has been able to smartly use M&A to buyout smaller waste hauling operations to entrench its position in key areas. This includes its recent $4.9 billion buyout of Advanced Disposal (NYSE:ADSW). That deal -- like many of WM's buyouts -- will be instantly accreditive to earnings.This should be a boon to its operating income and cash flows. Already, the firm reported record profitability and operating cash flow for 2018. But with the addition of new customers and continued volume strength, Waste should keep the growth going. This should benefit shareholders as well.WM has become a dividend champion and it has consistently increased its dividend for the last 15 years straight -- with a compound annual growth rate of about 6% over the last five years. Currently, shares yield 1.9%. * 7 Marijuana Stocks to Play the CBD Trend All in all, WM has the goods to be one of the best stocks to buy this summer. Consolidated Edison (ED)Source: Shutterstock Utilities are known for their safety and steadfast nature. After all, you have to keep the lights on and heating your home despite what the economy is doing. This makes them a prime stock to buy when the going gets rough. And none could be stodgier than Consolidated Edison (NYSE:ED).ConEd has been providing electricity, steam and natural gas for metropolitan New York for more than 180 years. New York is a tough town, but NYC, Westchester, and New Jersey feature strong economic fundamentals and continued growing populations. This has allowed ED to "keep the lights on" for itself as well as reward shareholders.In fact, Con Ed has managed to grow its payout for roughly five decades. The latest was another 3.5% bump at the start of the year.And the dividends could keep coming in. ED has earmarked around $12 billion in CAPEX spending over the next two years. The key is that the vast bulk is going towards its regulated operations. That's a key factor in determining future rate hikes and profits at a utility. With improvements on this side, ED should be able to boost its cash flows further.In the meantime, the safety of being the utility in the biggest city in the U.S. has plenty of advantages for a rocky market. During the last downturn in 2008, ED held up better than the broader market. ED currently yields 3.38%. Aflac (AFL)Source: Shutterstock The duck, its quack and those commercials are pretty iconic. But the parent company is pretty darn iconic as well. Aflac Inc. (NYSE:AFL) makes an ideal stock to buy for this summer.AFL provides so-called voluntary supplemental health and life insurance products. This niche -- and Aflac is the leader -- is generally a high-margined insurance variety. This provides AFL with plenty of underwriting profits. Moreover, AFL has been very smart with its float and has used it to generate plenty of returns. Net investment income jumped 1.1% and 4% in the last quarter for its U.S. and Japanese operations, respectively. The combination of strong underwriting and gains on its float/investment portfolio have allowed AFL to up its guidance for the rest of the year.At the same time, AFL's conservative nature has allowed it to become a dividend machine. The duck has been paying increasing dividends for 36 years. The latest was nearly a 4% increase at the start of the year. With a low payout ratio -- of less than 30% -- there's plenty of wiggle room left for AFL to keep the payout growing socially if profits keep rising. * 10 Small-Cap Stocks That Look Like Bargains Overall, Aflac represents a strong niche insurance agency with conservative fundamentals. It's exactly the kind of stock to buy for a rocky market like this one. iShares Edge MSCI Min Vol USA ETF (USMV)Source: Shutterstock The best safe stocks to buy this summer might actually be all of them. And that's where the iShares Edge MSCI Min Vol USA ETF (NYSEARCA:USMV) comes in.USMV tracks a smart-beta index that uses various screens to kick out high-volatility stocks in order to capture the upside of the market while eliminating the downside. With the exchange-traded fund, you're basically buying all the stocks on this list with one ticker. And so far, USMV has delivered on its promise of providing a smoother ride for portfolios.Since its inception in November 2011, USMV has managed to capture roughly 82% of the S&P 500's gains, while only realizing about 56% of its losses. This past December, when the market's imploded, the S&P 500 lost 9%. USMV only lost 7%. This highlights that the stocks to buy are safe ones in this rocky environment.This summer, investors can swap USMV for a core index holding or use it to boost the robustness of an equity portfolio and provide a safety net for the summer. USMV features an expense ratio of just 0.15%, or $15 annually per $10,000 invested.As of this writing, Aaron Levitt did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Stocks to Buy for This Decade's Massive Megatrend * The 7 Best Stocks to Buy From the IPO ETF * 7 Athletic Apparel Stocks With Marathon Pace Compare Brokers The post 5 Safe Stocks to Buy This Summer appeared first on InvestorPlace.

  • GlobeNewswire2 days ago

    Con Edison Forecasts Lower Summer Bills; Customers Can Save Even More with Energy Efficiency Upgrades

    Con Edison is forecasting lower bills for residential customers during this summer season, compared to last year, as the energy company invests more than $1.5 billion in its overhead and underground electric delivery systems to meet usage demands on peak hot days. A typical New York City residential customer using 350 kilowatt hours per month can expect a 6.5-percent decrease from $102.84 in 2018 to $96.20 in the June-to-September period. Monthly bills for business customers are expected to be about the same as last year.

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  • GlobeNewswire5 days ago

    Con Edison Chief Touts Safety, Innovation, Customer Digital Experience, and Solar Growth

    Consolidated Edison, Inc. (Con Edison) [NYSE: ED] Chairman and CEO John McAvoy told a shareholder-annual meeting audience that safety, incorporating new technology, working to provide an outstanding customer experience, and investing in renewables are priorities for the New York-based energy company. Con Edison has solar and wind assets in 17 states, with a total renewable portfolio of 2,600 megawatts.

  • Is There More To Consolidated Edison, Inc. (NYSE:ED) Than Its 5.0% Returns On Capital?
    Simply Wall St.10 days ago

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    Today we'll evaluate Consolidated Edison, Inc. (NYSE:ED) to determine whether it could have potential as an investment...

  • 4 Dividend-Focused Utilities Pushing Higher
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    4 Dividend-Focused Utilities Pushing Higher

    U.S. equities are rebounding on Wednesday thanks to another positive headline out of the President Donald Trump Administration. Specifically, it sounds like a decision on possible tariffs on auto imports from Europe will be delayed. Ostensibly, this is to clear the way to concentrate on the standoff with China and give the markets enough good news to keep prices stable.So far, it appears to be working. The Dow Jones Industrial Average is rebounding back above its 200-day moving average, the third day of testing this critical support level, and looks set for a challenge of overhead resistance near the 26,000 level. The tech-heavy Nasdaq Composite looks even better, attempting to climb back above the 50-day moving average thanks to big gains in the likes of Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). * 10 Retirement Stocks That Won't Wilt in a Bear Market But its the income-oriented stocks that are catching my eye as investors pile into defensive names on the expectation that we've yet to see the last of this latest bout of volatility. Here are four names to watch:InvestorPlace - Stock Market News, Stock Advice & Trading Tips Utility Stocks to Buy: American Electric Power (AEP)Shares of American Electric Power (NYSE:AEP) are pushing up and out of a three-month consolidation range as it continues a steady long-term uptrend that goes back to the 2009 bear market low. Two days ago, as the Dow plunged below its 200-day moving average for the first time in months, AEP stock was pushing to a new record high.Shares carry a 3.1% dividend yield. The company is scheduled to next report results on July 24 before the bell. Analysts are looking for earnings of $1 per share on revenues of $4.1 billion. When the company last reported on April 25, earnings of $1.19 per share beat estimates by eight cents on a 2.5% rise in revenues. Aqua America (WTR)Shares of water utility Aqua America (NYSE:WTR) have also been flirting with new highs in recent days, jumping up and over resistance that's been in play since late 2017. The company, based in Pennsylvania, pays a 2.2% dividend yield. Analysts at Coker Palmer recently defended the name after soft quarterly results, noting it was more about timing discrepancies than softness in the underlying business. * 6 Trade War Stocks With a Lot of Risk The company is scheduled to next report results on Aug. 1 after the close. Analysts are looking for earnings of 39 cents per share on revenues of $226.9 million. When the company last reported on May 2, earnings of 28 cents per share missed estimates by two cents on a 3.5% rise in revenues. Consolidated Edison (ED)Like the other names presented here, Consolidated Edison (NYSE:ED) shares are using the current market volatility to push to new record highs, jumping over resistance from prior highs set in late 2017 as it exits a three-month consolidation range. The stock pays a 3.5% dividend yield. Analysts at Bank of America Merrill Lynch recently upgraded shares to "buy," and set a $94-a-share price target.The company will next report results on Aug. 1 after the close. Analysts are looking for earnings of 61 cents per share on revenues of $2.8 billion. When the company last reported on May 2, earnings of $1.39 beat estimates by three cents on $3.4 billion in revenues. Southern Company (SO)Shares of power utility Southern Company (NYSE:SO) are also pushing to new highs this week, breaking up and out of a three-month consolidation range. This caps a near-30% rise off of its late December low, breaking free of a sideways channel that went back to 2016. Evercore ISI analysts recently upgraded the stock, which carries a dividend yield of 4.6%. * 7 Dividend Stocks to Buy as the Trade War Reignites The company will next report results on Aug. 7 before the bell. Analysts are looking for earnings of 71 cents per share on revenues of $5.1 billion. When the company last reported on May 1, earnings of 70 cents per share missed estimates by two cents on a 15.1% decline in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post 4 Dividend-Focused Utilities Pushing Higher appeared first on InvestorPlace.

  • GlobeNewswire12 days ago

    Con Edison Chairman & CEO John McAvoy to Present at 2019 AGA Financial Forum on May 22

    NEW YORK, May 13, 2019 -- John McAvoy, chairman and chief executive officer of Consolidated Edison, Inc. (NYSE:ED), will present an overview of the company at the 2019 American.

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  • GlobeNewswire18 days ago

    Con Edison Announces Common Share Offering

    Consolidated Edison, Inc. (Con Edison) (ED) today announced the offering of 5,800,000 of its common shares. In connection with the forward sale agreement described below, the forward counterparty (as defined below) has agreed to borrow from third parties and sell such shares to Wells Fargo Securities, LLC, which is acting as the underwriter in connection with this offering. The underwriter may offer the common shares in transactions on the New York Stock Exchange, in the over-the-counter-market or through negotiated transactions at market prices or negotiated prices.

  • Markit18 days ago

    See what the IHS Markit Score report has to say about Consolidated Edison Inc.

    Consolidated Edison Inc NYSE:EDView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for ED with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ED. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $3.83 billion over the last one-month into ETFs that hold ED are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. ED credit default swap spreads are near their highest levels of the last 3 years, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Consolidated Edison (ED) Q1 Earnings Beat, Revenues Up Y/Y
    Zacks22 days ago

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    Consolidated Edison's (ED) first-quarter 2019 earnings came in lower than the year-ago quarter's figure due to higher operating expenses.

  • Consolidated Edison (ED) Surpasses Q1 Earnings and Revenue Estimates
    Zacks23 days ago

    Consolidated Edison (ED) Surpasses Q1 Earnings and Revenue Estimates

    Con Ed (ED) delivered earnings and revenue surprises of 2.22% and 3.58%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press23 days ago

    Con Ed: 1Q Earnings Snapshot

    On a per-share basis, the New York-based company said it had net income of $1.31. Earnings, adjusted for non-recurring costs, were $1.38 per share. The results exceeded Wall Street expectations. The average ...

  • GlobeNewswire23 days ago

    Con Edison Reports 2019 First Quarter Earnings

    Consolidated Edison, Inc. (Con Edison) (ED) today reported first quarter net income for common stock of $424 million or $1.31 a share compared with $428 million or $1.38 a share in 2018. Adjusted earnings in the 2019 period exclude the effects of hypothetical liquidation at book value (HLBV) accounting for tax equity investments in certain renewable electric production projects of Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses). Adjusted earnings also exclude the Clean Energy Businesses’ net mark-to-market effects.

  • Reuters25 days ago

    EQM says 'unlikely' to complete Mountain Valley natgas pipe in 2019

    EQM Midstream Partners LP said Tuesday it was "unlikely" to complete the long-delayed $4.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia during 2019 due to ongoing legal and regulatory challenges. EQM Chief Executive Thomas Karam told analysts on a call that the project was about 80 percent complete and the company remained confident it would get the pipeline built. When EQM started construction in February 2018, it estimated Mountain Valley would cost about $3.5 billion and be completed by the end of 2018.

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