ED - Consolidated Edison, Inc.
Chart Events
Momentum
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 81.05 |
| Open | 82.94 |
| Bid | 81.05 x 1000 |
| Ask | 81.10 x 800 |
| Day's Range | 80.79 - 83.00 |
| 52 Week Range | 62.03 - 95.10 |
| Volume | 813,695 |
| Avg. Volume | 2,781,371 |
| Market Cap | 27.116B |
| Beta (5Y Monthly) | 0.27 |
| PE Ratio (TTM) | 19.91 |
| EPS (TTM) | 4.08 |
| Earnings Date | Apr 29, 2020 - May 03, 2020 |
| Forward Dividend & Yield | 3.06 (3.78%) |
| Ex-Dividend Date | Feb 17, 2020 |
| 1y Target Est | 85.97 |
Fair Value
Related Research
- Simply Wall St.
If You Had Bought Consolidated Edison (NYSE:ED) Shares Five Years Ago You'd Have Made 33%
Consolidated Edison, Inc. (NYSE:ED) shareholders might be concerned after seeing the share price drop 11% in the last...
- Zacks
Con Ed (ED) Down 23.3% Since Last Earnings Report: Can It Rebound?
Con Ed (ED) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Reuters
US power industry may ask key employees to live at work if coronavirus worsens
WASHINGTON/NEW YORK, March 20 (Reuters) - The U.S. electric industry may ask essential staff to live on site at power plants and control centers to keep operations running if the coronavirus outbreak worsens, and has been stockpiling beds, blankets, and food for them, according to industry trade groups and electric cooperatives. The contingency plans, if enacted, would mark an unprecedented step by power providers to keep their highly-skilled workers healthy as both private industry and governments scramble to minimize the impact of the global pandemic that has infected more than 227,000 people worldwide. “The focus needs to be on things that keep the lights on and the gas flowing,” said Scott Aaronson, vice president of security and preparedness at the Edison Electric Institute (EEI), the nation’s biggest power industry association.
- MarketWatch
Utilites sector ETF has best day ever as recession fears rise
The SPDR Utilities Select Sector ETF had its best day ever on Tuesday, as the defensive sector benefited from increased fears that an economic recession was inevitable. The utilities sector tracker (XLU) shot up 12.8% to $57.66 to be the best performer among SPDR ETFs tracking the S&P 500's 11 key sectors. The gain surpassed the ETF's previous record gain of 12.1% on Oct. 13, 2008, in the midst of the financial crisis. The ETF started trading in December 1998. Tuesday's gain was in the face of a sharp selloff in Treasury prices (rise in yields), with the yield on the 10-year Treasury note climbing basis 26.9 basis points to 0.997%. Utilities often act as a bond proxy, given their relatively high dividend yields and relatively stable stock prices, resulting from their relatively stable earnings streams. Among the XLU's best performers Tuesday, shares of Southern Co. charged 18.8% higher, Consolidated Edison Inc. ran up 18.0% and Exelon Corp. powered 18.0% higher. The XLU has lost 18.1% over the past month, while the S&P 500 has dropped 25.2%. The XLU's dividend yield is was 3,31% as of Tuesday's closing price, while the implied yield for the S&P 500 was 2.41%, according to FactSet.
- Moody's
Consolidated Edison Company of New York, Inc. -- Moody's downgrades ConEd to Baa2 and CECONY to Baa1; outlooks stable; affirms O&R at Baa1 and maintains negative outlook
Moody's Investors Service, ("Moody's") today downgraded the long-term ratings of Consolidated Edison, Inc. (ConEd, senior unsecured to Baa2 from Baa1) and its primary subsidiary Consolidated Edison Company of New York, Inc. (CECONY, senior unsecured to Baa1 from A3) due to the expectation for weaker financial metrics at CECONY and the structural subordination of ConEd's debt obligations vis-a-vis its subsidiaries. Moody's also affirmed the P-2 short-term commercial paper ratings of ConEd and CECONY.
- Insider Monkey
Hedge Funds Have Never Been More Bullish On Consolidated Edison, Inc. (ED)
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- Zacks
ED or CMS: Which Electric Utility Stock Should You Hold?
Currently, CMS Energy (CMS) is a better utility stock than Consolidated Edison (ED).
- GlobeNewswire
24 Con Edison Employees Win Awards For Energy Industry Breakthroughs
NEW YORK, March 02, 2020 -- Twenty-four Con Edison employees have received industry awards for findings that will improve electrical service, enhance worker and public safety.
- Zacks
Consolidated Edison (ED) Q4 Earnings Top, Revenues Miss
Consolidated Edison (ED) Q4 revenues of $2,951 million lag the Zacks Consensus Estimate by 2.7% but are almost flat with the year-ago quarter figure.
- GlobeNewswire
Con Edison Reports 2019 Earnings
NEW YORK, Feb. 20, 2020 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2019 net income for common stock of $1,343 million or $4.09 a share compared with.
- GlobeNewswire
Con Edison Battery Enhances Reliability for Staten Island Customers
NEW YORK, Feb. 19, 2020 -- Con Edison has installed a large-scale battery near the North Shore of Staten Island to help keep service reliable when the need for power is high..
- Zacks
What's in Store for Consolidated Edison (ED) in Q4 Earnings?
Consolidated Edison's (ED) Q4 results are expected to benefit from weather patterns that prevailed in its service territories.
- Zacks
Consolidated Edison (ED) Earnings Expected to Grow: Should You Buy?
Con Ed (ED) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Simply Wall St.
Don't Sell Consolidated Edison, Inc. (NYSE:ED) Before You Read This
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll apply a basic...
- PR Newswire
Con Edison Executing New IT Vision with Cognizant to Better Serve 10 Million New Yorkers
Cognizant (Nasdaq: CTSH) today announced that it has been selected by Con Edison, one of the nation's largest energy delivery organizations, to help modernize the company's application and technology infrastructure to better serve 10 million people in New York City and the surrounding regions. As part of a multi-year agreement, Cognizant will build an IT infrastructure that furthers Con Edison's commitment to efficiently providing its customers with clean and reliable energy.
- GlobeNewswire
Con Edison Seeking New, Innovative Clean Energy Solutions to Meet Customers’ Heating & Cooking Needs
Con Edison has issued a new Request for Information (RFI), to tap into the best and most promising technologies available in clean energy. The company is seeking innovative, new solutions that will help customers reduce reliance on natural gas for their heating and cooking needs; offset the need to build additional pipeline infrastructure, and help New York State achieve its clean energy goals. “We’re pursuing every opportunity to find new ways to meet our customers’ heating and cooking needs while reducing our reliance on natural gas,” said Marc Huestis, senior vice president of Gas Operations.
- GuruFocus.com
Kahn Brothers' Biggest 4th-Quarter Buys
Hedge fund adds to positions in BlackBerry, ViewRay and Apple Continue reading...
- GlobeNewswire
Con Edison to Report 2019 Earnings on February 20
NEW YORK, Jan. 22, 2020 -- Consolidated Edison, Inc. (Con Edison) plans to report its 2019 earnings on February 20, 2020 after the market closes. Consolidated.
- GlobeNewswire
Con Edison Names Deneen Donnley SVP and General Counsel
Deneen Donnley has been named as the new senior vice president and general counsel of the Consolidated Edison Company of New York. Donnley succeeds Elizabeth Moore, who retired at the end of December. Donnley comes to Con Edison after nine years at the USAA in San Antonio.
- GuruFocus.com
3 Loyal Large-Cap Dividend Payers Announce Distributions
These companies have been paying dividends for over 20 years Continue reading...
- Simply Wall St.
Are Consolidated Edison, Inc. (NYSE:ED) Investors Paying Above The Intrinsic Value?
Today we will run through one way of estimating the intrinsic value of Consolidated Edison, Inc. (NYSE:ED) by taking...
- GlobeNewswire
Con Edison Declares Common Stock Dividend
Consolidated Edison, Inc. (Con Edison) (ED) declared a quarterly dividend of 76.5 cents a share on its common stock, payable March 16, 2020 to stockholders of record as of February 19, 2020, an annualized increase of 10 cents over the previous annualized dividend of $2.96 a share. “The increase in the dividend, the 46th 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. The company continues to target a dividend payout ratio of between 60% and 70% of its adjusted earnings.
- Zacks
Duke Energy's Subsidiary Buys 9 Solar Projects in Georgia
Duke Energy's (DUK) unit acquires solar projects of 20 MWac, which will supply electricity to Georgia Power
