ED - Consolidated Edison, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
88.61
-0.35 (-0.39%)
As of 2:40PM EDT. Market open.
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Previous Close88.96
Open88.35
Bid88.65 x 900
Ask88.67 x 1000
Day's Range88.07 - 88.94
52 Week Range73.30 - 90.51
Volume755,884
Avg. Volume1,899,174
Market Cap28.986B
Beta (3Y Monthly)0.23
PE Ratio (TTM)20.29
EPS (TTM)4.37
Earnings DateJul 31, 2019 - Aug 5, 2019
Forward Dividend & Yield2.96 (3.33%)
Ex-Dividend Date2019-05-14
1y Target Est85.93
Trade prices are not sourced from all markets
  • ConEd Facing Calls for Probe After New York Left in the Dark
    Bloomberg3 hours ago

    ConEd Facing Calls for Probe After New York Left in the Dark

    (Bloomberg) -- New York’s top lawmakers are calling for probes into Consolidated Edison Inc. after a power failure left Manhattan’s west side in the dark for most of Saturday evening.U.S. Senator Chuck Schumer, a Democrat, called the blackout “entirely preventable,” and said the U.S. Energy Department should work with city and state officials to investigate it. He joins Governor Andrew Cuomo and New York City Mayor Bill de Blasio in demanding an explanation for why 73,000 customers lost power.The power failure is the latest in a string of incidents that have disrupted power service in New York City, and is raising pressure on ConEd. Investors, meanwhile, largely shrugged off the event. Shares of the New York City-based utility fell as much as 1.1% Monday.It’s “clear that the current undertakings by ConEd to maintain and improve the New York grid could benefit from additional independent oversight,” Schumer said in a statement Sunday.The blackout affected much of Midtown, Hell’s Kitchen, Rockefeller Center and the lower reaches of Manhattan’s Upper West Side. It took out the lights in Times Square, forced the evacuation of Madison Square Garden in the middle of a Jennifer Lopez concert and brought parts of the city’s subway system to a screeching halt.ConEd, which has provided scant details about the cause, said it is investigating the blackout.Substation ExplosionCuomo said it appeared to have been caused by a substation explosion and fire that went on to affect four other substations. Expressing frustration over what he called repeated failures on ConEd’s system, he said in an interview with ABC News that he was sending his “top power team” to probe the incident.“If they don’t give me an answer quickly, I’m going to go to ConEd headquarters,” he said Saturday. “If I don’t get a firm answer forthwith, I’ll go speak to Mr. ConEd myself.”De Blasio, meanwhile, called on city agencies to “get to the bottom” of the incident. He cut short a presidential campaign trip to Iowa.“We’re going to look at this very carefully, not only depend on Con Edison, but we’re going to make sure there’s a very careful review of what happened,” the mayor said on CNN’s “State of the Union” Sunday from Chicago. “We don’t ever want to see it happen again.”In Washington, Energy Secretary Rick Perry has been briefed on the incident, according to spokeswoman Shaylyn Hynes.Just over six months ago, ConEd was facing an investigation after an electrical fire at a substation turned New York City’s night sky blue, temporarily disrupting flights and subway services. In July 2018, it was the subject of a probe after an asbestos-lined steam pipe ruptured in Manhattan’s Flatiron district. And a power failure in 2017 led to significant delays on the subway during a morning commute, triggering an investigation that cost the company hundreds of millions of dollars.1977 BlackoutThe power failure struck on the anniversary of the historic 1977 blackout that led to widespread looting and other crimes across New York City. And it peeled back disparities between old technology and new: halted subways meant a $2.75 fare ballooned to a $57 Uber primed to surge pricing.De Blasio on CNN didn’t directly answer a question about whether the grid is vulnerable, saying: “We haven’t had many instances like this in recent years, and that’s a very good thing.”ConEd said Saturday that it didn’t suspect the power failure was caused by an attack on its system. Chief Executive Officer John McAvoy told reporters late Saturday that the company would investigate the root cause of the event and “restore the system to a fully normal condition once we understand what exactly occurred.” He said the power failure didn’t appear to be weather-related. Hot weather typically sends power demand surging as people blast air conditioners.When asked about reports of a fire in a manhole cover, he said it was “very unlikely” that such a blaze could cause “an incident of this scale."\--With assistance from Stephen Cunningham, Amanda Albright and Shoko Oda.To contact the reporters on this story: Will Wade in New York at wwade4@bloomberg.net;Ari Natter in Washington at anatter5@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Reg Gale, Christine BuurmaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • ‘We think the grid is sound,’ Con Ed chief says a day after Manhattan blackout
    MarketWatch22 hours ago

    ‘We think the grid is sound,’ Con Ed chief says a day after Manhattan blackout

    A Manhattan power outage that temporarily turned off the bright lights of the big city only lasted for a few hours, but left plenty of lingering questions and calls for investigations on Sunday.

  • Reuters23 hours ago

    Officials seek answers after blackout in New York's Manhattan

    Government and utility officials were still searching for definite reasons on Sunday for a five-hour blackout in a large section of New York City's Manhattan borough that left 73,000 customers without power on Saturday. No deaths or injuries resulted from the blackout that stretched from West 30th Street to West 72nd Street, an area filled with tourist attractions and Broadway theaters. Mayor Bill de Blasio said the city and Consolidation Edison Co. of New York, the city's main utility, ruled out a surge in usage as a factor for the blackout on Saturday.

  • ConEd Faces Heat After Times Square Goes Dark
    Bloombergyesterday

    ConEd Faces Heat After Times Square Goes Dark

    (Bloomberg) -- It lasted all of five hours -- and hit just the spot on New York’s power system to take out the lights in Times Square, force the evacuation of Madison Square Garden in the middle of a Jennifer Lopez concert and bring parts of the city’s subway system to a screeching halt.The Saturday evening blackout on Consolidated Edison Inc.’s grid -- extending from about Fifth Avenue to the Hudson River and from the 40s to 72nd Street -- was so widespread that it took out much of Midtown, Hell’s Kitchen, Rockefeller Center and the lower reaches of Manhattan’s Upper West Side. Now ConEd, already under fire because of other mechanical breakdowns in recent years, is facing renewed calls to overhaul its network.New York City Mayor Bill de Blasio cut short a presidential campaign trip to Iowa and Governor Andrew Cuomo went on television to demand answers from “Mr. ConEd” himself.Cuomo, expressing frustration over what he described as repeated failures on ConEd’s system, said in an interview with ABC News that he was sending his “top power team” to investigate the incident. He noted that Saturday’s outage took hours to resolve when the utility had said it would take one to two. It struck at 6.47 p.m. Saturday, lasted until about midnight and affected almost 73,000 customers.“If they don’t give me an answer quickly, I’m going to go to ConEd headquarters,” he said. “If I don’t get a firm answer forthwith, I’ll go speak to Mr. ConEd myself.”De Blasio, meanwhile, called on city agencies to “get to the bottom” of the incident.“We’re going to look at this very carefully, not only depend on Con Edison, but we’re going to make sure there’s a very careful review of what happened,” the mayor said on CNN’s “State of the Union” Sunday from Chicago. “We don’t ever want to see it happen again.”The power failure struck on the anniversary of the historic 1977 blackout that led to widespread looting and other crimes across New York City. And it peeled back disparities between old technology and new: halted subways meant a $2.75 fare ballooned to a $57 Uber primed to surge pricing.Just over six months ago, ConEd was facing an investigation after an electrical fire at a substation turned New York City’s night sky blue, temporarily disrupting flights and subway services. In July 2018, it was the subject of a probe after an asbestos-lined steam pipe ruptured in Manhattan’s Flatiron district. And a power failure in 2017 led to significant delays on the subway during a morning commute, triggering an investigation that cost the company hundreds of millions of dollars.De Blasio on CNN didn’t directly answer a question about whether the grid is vulnerable, saying: “We haven’t had many instances like this in recent years, and that’s a very good thing.” ConEd said earlier on Saturday that it didn’t suspect the power failure was caused by an attack on its system.Cuomo said Saturday’s outage appeared to have been caused by a substation explosion and fire that went on to affect four other substations. As of 11:30 a.m. in New York on Sunday, 162 customers across ConEd’s system were without power.ConEd Chief Executive Officer John McAvoy told reporters late Saturday that the company would investigate the root cause of the event and “restore the system to a fully normal condition once we understand what exactly occurred.” He said the power failure didn’t appear to be weather-related. Hot weather typically sends power demand surging as people blast air conditioners.When asked about reports of a fire in a manhole cover, he said it was “very unlikely” that such a blaze could cause “an incident of this scale.”(Updates with other impacts after eighth paragraph.)To contact the reporters on this story: Lynn Doan in San Francisco at ldoan6@bloomberg.net;Will Wade in New York at wwade4@bloomberg.net;Shoko Oda in Tokyo at soda13@bloomberg.net;Amanda Albright in New York at aalbright4@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Mark NiquetteFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Power Failure Hits New York on Anniversary of 1977 Outage
    Bloombergyesterday

    Power Failure Hits New York on Anniversary of 1977 Outage

    (Bloomberg) -- A chunk of New York City plunged into darkness for hours as 72,000 customers on Manhattan’s West Side lost power on the anniversary of the historic 1977 blackout. Energy supply has since been fully restored, Governor Andrew Cuomo said.The outage on Saturday night affected an area stretching from Fifth Ave. to the Hudson River, and from West 42nd through 71st streets, an area that includes Times Square and Central Park. Subway services to as far away as Brooklyn, Queens and the Bronx were disrupted as the power failure took a toll on the “entire system.”“While this situation was luckily contained, the fact that it happened at all is unacceptable,” Cuomo said in a briefing before he headed to a substation that caused the outage. He’s directed “a full and thorough investigation into the cause of tonight’s blackout and we will hold all parties accountable in ensuring this does not happen again,” he added.A substation explosion and fire that created a surge was the cause of the outage, in turn affecting four other substations, Cuomo said earlier in the evening, citing an update he received from Consolidated Edison Inc. or ConEd, the city’s utility. He said no passengers were stranded on trains and there have been no reports of injuries so far.Singer Jennifer Lopez canceled her concert at Madison Square Garden and said people were evacuated from the venue. The outage also caused all but three Broadway theaters to close, the New York Police Department’s Times Square Command said.The power failure happened on the 42nd anniversary of the infamous blackout that left most of the city without power. The outage led to widespread looting and arson that cost an estimated $310 million in damages, the New York Times reported.(Updates with Governor Cuomo’s comments in third paragraph.)\--With assistance from Aibing Guo.To contact the reporters on this story: Shoko Oda in Tokyo at soda13@bloomberg.net;Will Wade in New York at wwade4@bloomberg.netTo contact the editors responsible for this story: Matthew G. Miller at mmiller144@bloomberg.net, Linus Chua, Shamim AdamFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 6 Large-Cap Dividend Stocks to Lend Stability to Your Portfolio
    Zacks3 days ago

    6 Large-Cap Dividend Stocks to Lend Stability to Your Portfolio

    No matter how volatile the global markets are, these large-cap companies ensure stable dividend payouts.

  • GlobeNewswire4 days ago

    Let the Sun Shine: 26K+ Con Edison Customers Reach Milestone in Solar Generation

    Con Edison is marking a 250-megawatt (MW) milestone in solar energy production thanks to more than 26,000 New York City and Westchester County homeowners and businesses with panel installations. Another 3,300 customers have 100 MW of solar projects in progress. “When the first solar panels were installed in Westchester in 2001, the dynamic between the utility and the customer changed forever.

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  • Markit6 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 * 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 | NeutralETF activity is neutral. The net inflows of $7.25 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 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 for the past 1 year, 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.

  • Where Consolidated Edison, Inc.'s (NYSE:ED) Earnings Growth Stands Against Its Industry
    Simply Wall St.11 days ago

    Where Consolidated Edison, Inc.'s (NYSE:ED) Earnings Growth Stands Against Its Industry

    Investors with a long-term horizong may find it valuable to assess Consolidated Edison, Inc.'s (NYSE:ED) earnings...

  • Duke Energy subsidiary to offer new alternative-energy service with $250M deal
    American City Business Journals14 days ago

    Duke Energy subsidiary to offer new alternative-energy service with $250M deal

    A Duke Energy Corp. commercial subsidiary has agreed to spend $250 million over the next 18 months to purchase fuel cells from California-based Bloom Energy Corp. to provide what it calls a reliable, resilient and cleaner energy alternative to industrial-scale customers at 30 locations in California and the Northeast.

  • Hedge Funds Have Never Been More Bullish On Consolidated Edison, Inc. (ED)
    Insider Monkey25 days ago

    Hedge Funds Have Never Been More Bullish On Consolidated Edison, Inc. (ED)

    We can judge whether Consolidated Edison, Inc. (NYSE:ED) is a good investment right now by following the lead of some of the best investors in the world and piggybacking their ideas. There's no better way to get these firms' immense resources and analytical capabilities working for us than to follow their lead into their best […]

  • Reuterslast month

    UPDATE 1-Power producers to appeal bankruptcy court ruling on PG&E energy contracts

    Power producers NextEra Inc, Consolidated Edison Inc and Calpine Corp on Thursday said they will appeal to try to overturn a recent decision by a judge that a federal regulator has no say in whether utility PG&E Corp may reject its power purchase agreements if it chooses to while in bankruptcy. PG&E's power purchase agreements are valued at up to $42 billion and the matter of whether the company can walk away from them belongs exclusively in bankruptcy court, Judge Dennis Montali of the U.S. Bankruptcy Court in San Francisco said in a June 7 decision.

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    National Fuel Gas' (NFG) board approves another hike in annual dividend rate, keeping the streak alive for 49 years.

  • Benzingalast month

    Najarian Brothers See Unusual Options Activity In eBay, Consolidated Edison And MGM

    On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about unusually high options activity in eBay Inc (NASDAQ: EBAY) and Consolidated Edison, Inc. (NYSE: ED). Najarian bought the calls and he is planning to hold them for 10 days. Learn from Jon Najarian and other traders in person at the Benzinga Global Trading & Investing Summit June 20 in New York City!

  • Based On Its ROE, Is Consolidated Edison, Inc. (NYSE:ED) A High Quality Stock?
    Simply Wall St.last month

    Based On Its ROE, Is Consolidated Edison, Inc. (NYSE:ED) A High Quality Stock?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • Reuterslast month

    Williams expects to overcome environmental concerns on Northeast Supply natgas pipe

    Williams Cos Inc said on Thursday it believes it can answer concerns raised by environmental regulators in New York and New Jersey about the company's proposed Northeast Supply Enhancement (NESE) project and get the natural gas pipe built by the winter of 2020/2021. The denials were the latest of many for projects that New York and New Jersey have rejected for environmental reasons in recent years.

  • 4 Utility Stocks Hitting New Highs
    InvestorPlacelast month

    4 Utility Stocks Hitting New Highs

    Wall Street continues to enjoy a rebound from recent lows as the Federal Reserve suddenly sounds a dovish note. This comes after President Donald Trump's deepening trade rift with China and now Mexico cast doubt on the health of the economy. Manufacturing activity is already slumping. Housing and auto sales looks weak.The futures market is already pricing in the odds of multiple interest rates cuts this year, adding to the recession warnings coming out of the bond market. Things aren't looking good.No surprise, then, that investors are focusing on defensive areas of the market, betting these stocks are poised to do best no matter what happens. If a recession does come, dividend-focused stocks like utilities will perform best. If the Fed engineers a recover, defensives will rise alongside the rest of the market.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy That Could Be Takeover Targets If you want to participate, consider these four utility stocks that are rising to new highs: Utility Stocks to Buy: Southern Company (SO)Southern Company (NYSE:SO) is a natural gas and electric utility with operations in Illinois, Georgia, Virginia and Tennessee. It also offers wireless and internet service. Shares pushed to new highs on Wednesday, tagging the $55-a-share level for the first time. The stock offers a juicy 4.5% dividend yield.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 $4.9 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. Consolidated Edison (ED)Shares of Consolidated Edison (NYSE:ED) jumped more than 2% on Wednesday to push above the $89-a-share level for the first time. The company offers electric service primarily into the New York City area and traces its founding all the way back to 1884. The stock offers a 3.3% dividend yield. * The 10 Best Stocks for 2019 -- So Far 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 per share beat estimates by two cents on more than $3.4 billion in revenues. FirstEnergy (FE)Shares of FirstEnergy (NYSE:FE) are pushing to fresh highs, rising more than 6% from the recent low set in late May. The company operates a diversified network of power generation facilities throughout Ohio, Pennsylvania, West Virginia, Maryland, New Jersey and New York. The stock pays a 3.5% dividend yield.The company will next report results on July 30 after the close. Analysts are looking for earnings of 62 cents per share on revenues of $2.7 billion. When the company last reported on April 23, earnings of 67 cents missed estimates by a penny. Entergy Corporation (ETR)Shares of Entergy Corporation (NYSE:ETR) have pushed up and over the $100-a-share level, capping a rise of more than 20% from the lows set in early January. The company operates a power generation network in the deep South and pays a 3.6% dividend yield. The stock was recently upgraded by analysts at Morgan Stanley. * 6 Big Dividend Stocks to Buy as Yields Plunge The company will next report results on July 31 before the bell. Analysts are looking for earnings of $1.40 per share on revenues of $2.9 billion. When the company last reported on May 1, earnings of 82 cents per share missed estimates by 16 cents on nearly $2.8 billion in revenues.As of this writing, William Roth did not have a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding Compare Brokers The post 4 Utility Stocks Hitting New Highs appeared first on InvestorPlace.

  • 101 Best Dividend Stocks to Buy for 2019 and Beyond
    Kiplingerlast month

    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

  • Why Is Con Ed (ED) Up 0.1% Since Last Earnings Report?
    Zackslast month

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  • Con Edison unable to explain Manhattan blackout, and warning more are possible
    Yahoo Finance Video12 minutes ago

    Con Edison unable to explain Manhattan blackout, and warning more are possible

    After an outage that rocked Manhattan over the weekend, Con Edison is unable to explain what happened, with Governor Cuomo telling WCBS Radio that the utilities company "can be replaced". Yahoo Finance's Zack Guzman and Brian Cheung are joined by Alex Lieberman, Morning Brew CEO, to discuss.