ED - Consolidated Edison, Inc.
77.05 +0.02 (0.03%)
After hours: 6:52PM EST
| Previous Close | 76.38 |
| Open | 76.35 |
| Bid | 75.00 x 800 |
| Ask | 80.00 x 800 |
| Day's Range | 76.18 - 77.10 |
| 52 Week Range | 71.12 - 84.32 |
| Volume | 2,250,439 |
| Avg. Volume | 2,383,274 |
| Market Cap | 23.993B |
| Beta (3Y Monthly) | 0.20 |
| PE Ratio (TTM) | 15.42 |
| EPS (TTM) | 4.99 |
| Earnings Date | Feb 13, 2019 - Feb 18, 2019 |
| Forward Dividend & Yield | 2.86 (3.84%) |
| Ex-Dividend Date | 2018-11-13 |
| 1y Target Est | 79.07 |
- GlobeNewswire•4 hours ago
Con Edison Declares Common Stock Dividend
Consolidated Edison, Inc. (Con Edison) (ED) declared a quarterly dividend of 74 cents a share on its common stock, payable March 15, 2019 to stockholders of record as of February 13, 2019, an annualized increase of 10 cents over the previous annualized dividend of $2.86 a share. “The increase in the dividend, the 45th consecutive annual increase for stockholders, reflects our continued emphasis on providing a return to our investors while meeting the needs of our customers,” said Robert Hoglund, Con Edison’s senior vice president and chief financial officer. Con Edison assumes no obligation to update forward-looking statements.
- Markit•2 days ago
See what the IHS Markit Score report has to say about Consolidated Edison Inc.
# Consolidated Edison Inc ### NYSE:ED View full report here! ## Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low * Economic output in this company's sector is contracting ## Bearish sentiment Short interest | Positive Short interest is low for ED with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $14.00 billion over the last one-month into ETFs that hold ED are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit There is no PMI sector data available for this security. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. ED credit default swap spreads are at their highest levels for the past 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.
- Market Realist•3 days ago
Xcel Energy and Consolidated Edison: Analysts’ Views
Xcel Energy versus Consolidated Edison in 2019(Continued from Prior Part)Analysts’ target pricesAnalysts’ median target price of $51.4 for Xcel Energy (XEL) implies an estimated upside of more than 4% compared to its current market price of
- Market Realist•3 days ago
Comparing Utilities and Broader Markets’ Volatility
Xcel Energy versus Consolidated Edison in 2019 (Continued from Prior Part) ## Implied volatility Xcel Energy (XEL) and Consolidated Edison (ED) are some of the stable stocks among their peers. On January 10, both of the stocks had implied volatility levels close to 20%, which is lower than their respective 15-day volatilities. The Utilities Select Sector SPDR ETF (XLU) had an implied volatility of 17%. The implied volatility represents investors’ unease. Rising volatility is usually related to falling stock prices. Broader markets witnessed increased volatility in the last few months. Usually, broader markets’ implied volatility levels are lower than utilities at large. Recently, the S&P 500 had an implied volatility of 17%. Recently, the implied volatility of top utilities including Southern Company (SO) and Duke Energy (DUK) was close to 18%. To learn about broader utilities’ (XLU) chart indicators and where they might go in the near term, read XLU: What to Expect from Utilities in 2019. Next, we’ll discuss Xcel Energy and Consolidated Edison’s target prices. Continue to Next Part Browse this series on Market Realist: * Part 1 - Xcel Energy versus Consolidated Edison in 2019 * Part 2 - Xcel Energy’s Total Returns Outperformed Its Peers * Part 3 - Xcel Energy and Consolidated Edison’s Dividend Profiles
- Market Realist•3 days ago
Where Xcel Energy Stock Might Go from Here
Xcel Energy versus Consolidated Edison in 2019 (Continued from Prior Part) ## Moving averages Xcel Energy (XEL) is trading at $48.5, which is almost 4% below its 50-day moving average and 2% above its 200-day moving average. The level close to $50.7 will likely act as a resistance, while $47.5 will likely act as a support for Xcel Energy stock in the short term. Xcel Energy’s RSI (relative strength index) was 49 on January 10. The RSI is a momentum oscillator that takes values between zero and 100. RSI values above 70 suggest that the stock is overbought, while values below 30 suggest that the stock is oversold. An RSI at either extreme suggests that the stock’s direction could reverse. Consolidated Edison (ED) stock is trading at an RSI of 48, which indicates that it isn’t in the overbought or oversold zone. Consolidated Edison is 4% and 3% lower than its 50-day and 200-day moving average levels, respectively. The discount to both of these levels indicates weakness in the stock. The levels close to $77.7 and $78.5 are expected to act as resistance for Consolidated Edison stock going forward. ## Short interest The short interest in Xcel Energy decreased 17% on December 30. On December 14, there were 19.5 million shorted shares in Xcel Energy. The total shorted shares decreased to 16.1 million on December 31. Recently, the short interest in Consolidated Edison fell 4%. A fall in the stock’s short interest could mean that fewer investors expect it to fall from the current price level. The short interest indicates the number of a company’s shares that have been sold short and not squared off yet. Continue to Next Part Browse this series on Market Realist: * Part 1 - Xcel Energy versus Consolidated Edison in 2019 * Part 2 - Xcel Energy’s Total Returns Outperformed Its Peers * Part 3 - Xcel Energy and Consolidated Edison’s Dividend Profiles
- Market Realist•4 days ago
Analyzing Xcel Energy and Consolidated Edison’s Valuation
Xcel Energy versus Consolidated Edison in 2019 (Continued from Prior Part) ## Valuation Xcel Energy (XEL) and Consolidated Edison (ED) stocks fell more than 10% late last month. The stocks mirrored weakness in the overall utilities space. Xcel Energy is trading at a forward PE ratio of 18x based on analysts’ estimated EPS in 2019. Xcel Energy’s average historical valuation is close to 18x, while utilities at large are valued around 17x. Xcel Energy stock seems to be trading at a marginal premium compared to its five-year historical average and peers’ average. Analysts expect Xcel Energy’s EPS growth to be above 6%, which is higher than peers’ average EPS growth for 2019. Xcel Energy’s marginally higher premium valuation seems justified. ## Consolidated Edison Consolidated Edison (ED) is trading at a forward PE ratio of 17x, which is close to peers’ average valuation and higher than its own five-year historical average of ~15x. Consolidated Edison stock seems fairly valued compared to its peers. Consolidated Edison seems to be trading at a premium compared to its historical valuation. Analysts expect Consolidated Edison to have flattish EPS growth in 2019. The biggest constituent of the Utilities ETF (XLU), NextEra Energy (NEE) is trading at a forward PE ratio of 21x based on analysts’ estimated EPS for the next 12 months. NextEra Energy looks to be trading at a premium compared to its historical valuation and its peers. Southern Company (SO) stock is valued at a forward PE ratio of 14.5x, while Duke Energy (DUK) is valued at 17x. Continue to Next Part Browse this series on Market Realist: * Part 1 - Xcel Energy versus Consolidated Edison in 2019 * Part 2 - Xcel Energy’s Total Returns Outperformed Its Peers * Part 3 - Xcel Energy and Consolidated Edison’s Dividend Profiles
- Market Realist•6 days ago
Xcel Energy’s Total Returns Outperformed Its Peers
Xcel Energy versus Consolidated Edison in 2019 (Continued from Prior Part) ## Total returns Xcel Energy (XEL) outperformed Consolidated Edison (ED) in terms of total returns in the last several years. We considered dividends paid in a particular period and capital appreciation to calculate the total returns. In the past year, Xcel Energy returned more than 6%, while Consolidated Edison returned -5%. The Utilities Select Sector SPDR ETF (XLU) returned more than 5% during the same period and beat broader markets. Investors turned to relatively safer utilities late last year amid market turmoil due to their higher dividend yields and stable stock movements. ## Xcel Energy outperformed In the last five years, Consolidated Edison returned 70%, while Xcel Energy returned 107% and outperformed utilities at large. Xcel Energy’s relatively higher earnings growth compared to its peers during this period might have played out well. Consolidated Edison’s dividend yield was higher than Xcel Energy in the last five years. We’ll discuss the two utilities’ dividend profiles in the next part of the series. Utilities (XLU) at large returned 65% in the last five years. NextEra Energy (NEE), the biggest utility by market cap, was the top performer regarding total returns. NextEra Energy’s consistent and above-average earnings growth influenced its stock performance and fueled its superior dividend growth in the last few years. NextEra Energy returned more than 150% in the last term. To learn more, read These S&P 500 Utilities Have Delivered the Best Five-Year Returns. Continue to Next Part Browse this series on Market Realist: * Part 1 - Xcel Energy versus Consolidated Edison in 2019 * Part 3 - Xcel Energy and Consolidated Edison’s Dividend Profiles * Part 4 - Analyzing Xcel Energy and Consolidated Edison’s Valuation
- Market Realist•6 days ago
Xcel Energy versus Consolidated Edison in 2019
Xcel Energy versus Consolidated Edison in 2019 ## Regulated utilities Mid-sized regulated utilities Consolidated Edison (ED) and Xcel Energy (XEL) operate in different territories, but they have several aspects in common. Both of the utilities are valued at a market cap of ~$25 billion. They generate a large portion of their revenues from regulated operations. Consolidated Edison offers one of the most reliable dividends. The company has increased its dividend for 44 consecutive years. Xcel Energy, with its sturdy stock performance, outperformed utilities at large in the last several years. We’ll analyze Consolidated Edison and Xcel Energy in this series. We’ll see which utility might outperform in the future. ## Market performance Xcel Energy stock had a decent run last year before weakness in the defensives (XLU) pulled it down. The stock rose 3% in 2018. Consolidated Edison stock fell almost 10% in 2018 despite reporting better-than-expected quarterly results last year. The company beat analysts’ earnings and revenue estimates in 2018. For the nine months ending September 30, Consolidated Edison and Xcel Energy reported adjusted EPS growth of more than 7% and 9% YoY. Both utilities’ regulated operations facilitate earnings stability and predictability, which bodes well for stable dividends. Xcel Energy and Consolidated Edison expect their rate bases to grow ~6% compounded annually through 2020, which will likely enable earnings growth around similar levels. The rate base is the value of the property on which the utility is allowed to earn a specific rate of return, according to the rules set by regulators. Continue to Next Part Browse this series on Market Realist: * Part 2 - Xcel Energy’s Total Returns Outperformed Its Peers * Part 3 - Xcel Energy and Consolidated Edison’s Dividend Profiles * Part 4 - Analyzing Xcel Energy and Consolidated Edison’s Valuation
- Kiplinger•7 days ago
101 Best Dividend Stocks to Buy for 2019 and Beyond
Dependable dividend stocks that routinely grow their payouts are welcome in any environment. But they seem especially attractive nowadays. Stock market volatility is back with a vengeance. The Dow Jones Industrial Average went from powering ahead to an all-time high of 26,828 on Oct. 3 to losing 8% in the span of about three weeks. These kinds of rocky markets tend to give investors motion sickness. But they can add a dose of Dramamine to their portfolios - in the form of reliable dividend-growth stocks. "Dividend growers, which tend to be quality companies, have generally shown greater resilience in unsteady markets and could address concerns about dividend stocks in a rising-rate environment," write Tianyin Cheng, director of strategy and ESG Indices at S&P; Dow Jones Indices; and Vinit Srivastava, head of strategy and ESG indices at S&P; Dow Jones Indices. "This argument applies to not only to the U.S. large-cap space, but it also extends to small- and mid-cap segments and international markets." Dividend stocks - both at home and abroad - with long track records of rock-solid rising payments tend to generate superior returns over long periods of time and can help investors weather shorter periods of market turbulence. This is a look at the most reliable long-term dividend stocks in the world. Dubbed the "Dividend Aristocrats," they have raised dividends for at least five straight years (Canadian firms), 10 years (E.U.-based firms) or 25 years (U.S. companies). Such stocks provide reliable and rising income streams - and a sense of security that will help you sleep better at night. We've listed them here alphabetically; take a look. ### SEE ALSO: 25 Stocks Every Retiree Should Own
- Simply Wall St.•8 days ago
Why Income Investors Should Have Consolidated Edison, Inc. (NYSE:ED) In Their Portfolio
Consolidated Edison, Inc. (NYSE:ED) is a true Dividend Rock Star. Its yield of 3.8% makes it one of the market's top dividend payer. In the past ten years, Consolidated Edison Read More...
- CNBC•9 days ago
Amid the government shutdown, banks and credit unions are offering low-interest rate loans
Amid the stalemate in Washington, credit unions and banks across the country have some of the more generous offers for government employees.
- Market Realist•11 days ago
PPL Stock: Analysts’ Recommendations
Why PPL Stock Looks Attractive Compared to Its Peers (Continued from Prior Part) ## Analysts’ recommendations Wall Street analysts have given PPL (PPL) stock a median target price of $31.6, which implies an estimated upside of almost 13% for the next 12 months. Currently, PPL is trading at $28.0. Among the 15 analysts tracking PPL surveyed by Reuters, eight recommended a “hold,” two recommended a “strong buy,” four recommended a “buy,” and one recommended a “sell.” The following chart shows how analysts’ views on PPL stock have changed in the last six months. ## Peers’ target prices Consolidated Edison (ED) stock has a median target price of $78.9—compared to its current market price of $75.3, which indicates an upside potential of ~5% going forward. Among the 17 analysts tracking Consolidated Edison, one recommended a “strong buy,” ten recommended a “hold,” five recommended a “sell,” and one recommended a “strong sell” as of January 4. Among the 15 analysts tracking Xcel Energy (XEL), two recommended a “strong buy,” two recommended a “buy,” and 11 recommended a “hold.” The median target price of $51.5 implies an ~7% upside potential compared to its current price of $48.0. PPL appears to be an attractive opportunity given the total return potential, handsome yield, and estimated upside. Read Do You Own Analysts’ Favorite Utility Stocks? to learn more. Browse this series on Market Realist: * Part 1 - PPL Stock Looks Attractive Compared to Its Peers * Part 2 - What Do PPL’s Chart Indicators and Short Interest Suggest? * Part 3 - What PPL’s Implied Volatility Trends Indicate
- Market Realist•13 days ago
What PPL’s Implied Volatility Trends Indicate
Why PPL Stock Looks Attractive Compared to Its Peers (Continued from Prior Part) ## Implied volatility On January 3, PPL’s (PPL) implied volatility was close to 25%—near its 15-day average volatility. Recently, the Utilities Select Sector SPDR ETF’s (XLU) implied volatility was 20%. The implied volatility represents investors’ unease. Rising volatility is usually related to falling stock prices. Broader markets witnessed increased volatility in the last few months. The S&P 500 witnessed an implied volatility of 22% on January 3. Usually, broader markets’ implied volatility levels are lower than utilities at large. Recently, Xcel Energy (XEL) and Consolidated Edison’s (ED) implied volatility was close to 20%. Usually, utilities have been more volatile than broader markets. In the past few months, the S&P 500 experienced more volatility than utilities. Among utilities, wildfire-stricken PG&E (PCG) stock experienced an implied volatility of 72%—the highest among these defensives. To learn how top utility stocks played out recently and how they’re placed for 2019, read How Top Utility Stocks Are Placed at the Beginning of 2019. Continue to Next Part Browse this series on Market Realist: * Part 1 - PPL Stock Looks Attractive Compared to Its Peers * Part 2 - What Do PPL’s Chart Indicators and Short Interest Suggest? * Part 4 - PPL Stock: Analysts’ Recommendations
- Market Realist•13 days ago
PPL Stock Looks Attractive Compared to Its Peers
Why PPL Stock Looks Attractive Compared to Its Peers ## PPL’s valuation After a steady rally in the last few months, profit-booking took utilities down. The recent weakness in these defensives could be an opportunity for investors due to their discounted valuation. PPL (PPL), a mid-sized regulated utility, is trading at a forward PE ratio of 11x based on analysts’ EPS estimates for 2019. PPL appears to be trading at a discounted valuation considering broader utilities’ average valuation close to 16x–17x. ## PPL stock looks attractive PPL’s five-year historical average valuation is ~14x. PPL stock looks attractive compared to its historical valuation. PPL’s management expects its EPS to grow 5% annually for the next few years—in line with the industry average. PPL’s regulated operations bode well for stable and predictabile earnings. PPL stock offers a dividend yield of 5.8%—the highest among the top utilities with an average yield of ~3.4%. To learn more, read How PPL’s Dividend Profile Looks Going into 2019. Xcel Energy (XEL), PPL’s peer and one of the top regulated utilities, is trading at a forward PE ratio of 18x—marginally lower than its five-year historical average. Consolidated Edison (ED) stock trades at a forward PE ratio of 17x. PPL stock underperformed its peers in 2018. The stock fell 8%, while the Utilities Select Sector SPDR ETF (XLU) rose 2% last year. Xcel Energy stock rose marginally, while Consolidated Edison fell 9% in 2018. Continue to Next Part Browse this series on Market Realist: * Part 2 - What Do PPL’s Chart Indicators and Short Interest Suggest? * Part 3 - What PPL’s Implied Volatility Trends Indicate * Part 4 - PPL Stock: Analysts’ Recommendations
- Market Realist•17 days ago
Analysts Are Cautious on FirstEnergy but Expect a Robust Gain
Of the 18 analysts tracking FirstEnergy (FE), eight recommend “buy,” six recommend “hold,” and four recommend “strong buy.” Their median target price of $40.70 for the stock implies a ~14% upside over the next 12 months based on its current price of $35.80.
- Market Realist•17 days ago
How FirstEnergy’s Dividend Yield Compares with Peers’
FirstEnergy’s (FE) forward dividend yield is 4.2%—higher than many top utilities’ and just below its five year average of ~4.8%. Meanwhile, the Utilities Select Sector SPDR ETF’s (XLU) forward yield is 3.4%, Xcel Energy’s (XEL) is 3.3%, and Consolidated Edison’s (ED) is 3.9%. FirstEnergy’s dividend growth has been disappointing, mainly due to its relatively unstable earnings.
- Market Realist•18 days ago
Is FirstEnergy Stock a Good Bargain?
FirstEnergy (FE) stock’s valuation is lower than its historical average and peers’ average. Its forward PE multiple, based on analysts’ 2019 EPS estimate, is 14x. Meanwhile, its five-year historical average is ~17x and peers’ average is ~15x.
- Bloomberg•20 days ago
Why a Substation Fire Turned New York City's Sky Bright Blue
It was so startling that Twitter ran wild with UFO conspiracy theories. In fact, there are a lot of metals used in substations, especially in transformers, said Thomas Converse, president of the energy and engineering firm LIG Consultants in Canton, Massachusetts.
- The Wall Street Journal•21 days ago
[$$] ConEd Substation Fire Causes Flash of Blue Light Over New York
A power utility’s substation briefly caught fire in Queens Thursday night, officials said, causing a thunderous boom and pulsating blue light that illuminated New York City’s skyline. The fire, which started around 9:10 p.m. in the borough’s Astoria neighborhood, was sparked by an electrical surge at a Con Edison substation, Mayor Bill de Blasio said in a statement on Twitter. A Con Edison spokesman also said the fire was at its substation but couldn't immediately provide more information.
- TheStreet.com•21 days ago
Surge at ConEd Substation Casts Blue Glow Over New York
facility in Queens Thursday night that shocked many on social media. #FDNY is investigating a transformer incident in Queens at a @ConEdison location. Posts on Twitter showed an eerie blue glow over large portions of the area and sustained flashing lights.
- Market Realist•24 days ago
Utilities Beat Broader Markets Last Week
The broader market sell-off intensified last week. Most of the major indices recorded the worst week in a decade. Utilities continued to beat equities at large. The Utilities Select Sector SPDR ETF (XLU), the representative of the biggest utilities in the country, fell more than 5%, while the S&P 500 fell almost 8% for the week ending December 21.
- Insider Monkey•26 days ago
Is Consolidated Edison, Inc. (ED) A Good Stock To Buy?
The Insider Monkey team has completed processing the quarterly 13F filings for the September quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors endured a torrid quarter, which certainly propelled them to adjust their equity holdings so as to maintain the desired risk profile. As […]
- Simply Wall St.•27 days ago
Do Institutions Own Shares In Consolidated Edison, Inc. (NYSE:ED)?
Every investor in Consolidated Edison, Inc. (NYSE:ED) should be aware of the most powerful shareholder groups. Institutions will often hold stock in bigger companies, and we expect to see insiders Read More...
- Market Realist•last month
Utilities: Worst One-Day Fall in More than Two Years
On December 17, broader markets’ fall didn’t spare utilities. Utilities have been one of the best-performing sectors across equities in 2018. However, the Utilities Select Sector SPDR ETF (XLU), which tracks the top utility stocks in the country, fell more than 3.0% on December 17. Utilities recorded the biggest one-day fall since November 2016. The S&P 500 fell almost 2%, which is close to its 14-month low.
- Market Realist•last month
Utilities: Movers and Shakers Last Week
After a relatively upbeat start, broader markets fell on December 14 due to concerns about slowing global economic growth. The S&P 500 fell 1.2%, while utilities gained 0.6% for the week ending December 14. So far in 2018, utilities have outperformed broader markets. Including dividends, the Utilities Select Sector SPDR ETF (XLU), the representative of the top utilities in the country, has returned 11%, while broader markets have returned -1% year-to-date.
