ED - Consolidated Edison, Inc.
| Previous Close | 90.19 |
| Open | 89.36 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 800 |
| Day's Range | 89.15 - 90.22 |
| 52 Week Range | 73.30 - 91.58 |
| Volume | 1,662,217 |
| Avg. Volume | 1,610,698 |
| Market Cap | 29.83B |
| Beta (3Y Monthly) | 0.18 |
| PE Ratio (TTM) | 21.40 |
| EPS (TTM) | 4.20 |
| Earnings Date | Oct 30, 2019 - Nov 4, 2019 |
| Forward Dividend & Yield | 2.96 (3.28%) |
| Ex-Dividend Date | 2019-08-13 |
| 1y Target Est | 88.07 |
- GuruFocus.com
5 Companies Hit 52-Week Highs
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- Simply Wall St.
Is Consolidated Edison, Inc.'s (NYSE:ED) P/E Ratio Really That Good?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show...
- Zacks
Con Ed (ED) Up 3.5% Since Last Earnings Report: Can It Continue?
Con Ed (ED) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Investopedia
Top 5 Recession Stocks
While all stocks present potential investor risk, some have traditionally fared better than others, during down markets. The following five stocks appreciated in value, from 2007-2009, holding up exceptionally well during the 2008 financial crisis.
- Investopedia
Volatility Weighs on Hewlett Packard Enterprise, Others
Futures traders are betting on more volatility from the trade war, while the utility sector is on the rise over investor concern.
- Simply Wall St.
Is Consolidated Edison (NYSE:ED) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
- Zacks
Consolidated Edison (ED) Q2 Earnings Miss, Revenues Up Y/Y
Consolidated Edison's (ED) total operating expenses in the second quarter rise 1.1% year over year to $2,286 million.
- Zacks
Consolidated Edison (ED) Lags Q2 Earnings Estimates
Con Ed (ED) delivered earnings and revenue surprises of -3.33% and 2.77%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- GlobeNewswire
Con Edison Reports 2019 Second Quarter Earnings
NEW YORK, Aug. 01, 2019 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2019 second quarter net income for common stock of $152 million or $0.46 a share.
- Motley Fool
This High-Yield Dividend Stock Just Keeps Getting Better
Crestwood Equity Partners' fast-growing cash flow sets it up to continue rewarding investors.
- Zacks
Consolidated Edison (ED) to Post Q2 Earnings: What's in Store?
Lower bill expectation for Consolidated Edison's (ED) residential customer is likely to hurt the company's Q2 revenues and earnings.
- Zacks
Earnings Preview: Consolidated Edison (ED) Q2 Earnings Expected to Decline
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.
How Many Consolidated Edison, Inc. (NYSE:ED) Shares Do Institutions Own?
If you want to know who really controls Consolidated Edison, Inc. (NYSE:ED), then you'll have to look at the makeup of...
- MarketWatch
Watch out for these illnesses in a heat-wave power outage, and other advice to stay safe
A full freezer will hold its temperature for around 48 hours during an outage; a half-full freezer will hold for about 24 hours.
- Bloomberg
De Blasio’s ConEd Threat Is a Sign of What’s to Come
(Bloomberg Opinion) -- On reflection, New York Mayor Bill De Blasio didn’t choose the best day to spitball about a government takeover of Consolidated Edison Inc.’s grid. Hours after he made those comments on TV, some New Yorkers were emerging from long-delayed subway trains to find their neighborhoods transformed into a dystopian Venice, light on gondolas but heavy on garbage, as the city’s sewers struggled to cope with heavy rains.Recent blackouts, including during the weekend’s heatwave, have put ConEd in the mayor’s crosshairs, and things sure have escalated quickly. Raising the prospect of effective municipalization of the company’s main asset is akin to threatening a nuclear strike – and just as likely, given the not-obvious benefits of having New York’s grid run from City Hall.Perhaps more consequential, given ConEd is regulated at the state level, is the parallel displeasure of Governor Andrew Cuomo. ConEd is in the middle of one of its periodic rate-setting procedures, essentially where it makes a case to regulators to be allowed to raise bills to pay for capital spending and the return its investors earn on that. As it stands, regulators have recommended less-generous terms than the company wanted for the New York City utility, which provides the vast majority of its income. ConEd sought a financing structure of 50% equity and an allowed return on that equity of 9.75%. Regulators have instead preliminarily recommended 47.3% equity and a return of 8.3% – small tweaks, seemingly, but enough to drop the implied net income by roughly a fifth, all else equal.With those recommendations made in late May, the market has priced this in to some degree already. Where the blackouts and subsequent political ire could potentially come into play is in the negotiations this summer over where those numbers settle. It could also prompt greater scrutiny of how the utility is allocating its budget with regards to updating and replacing older equipment. Even if staff on the Public Service Commission aren’t inclined to take their cues from the latest news cycle, we all tend to take notice when our boss is mad.For investors, such considerations matter especially because ConEd’s stock trades close to the all-time high it hit a month ago. ConEd has undergone a big re-rating upward over the past five years, jumping from 12 times forward earnings to almost 20 times, overtaking the broader regulated utilities sector. That performance acts as a headwind to ConEd’s regulated return due to the formula used by the PSC in setting it (a higher multiple essentially reads as a lower rate of return demanded by investors). The bigger issue, however, is that, as with any stock, a higher multiple leaves little room for error. Greg Gordon, who covers utilities for Evercore ISI, noted in a recent report that, even assuming the allowed return comes in above the PSC’s recommendation, his model implies the company needing to issue $2.6 billion of new equity – about 9% of the current market cap – over the next two years if it wants to protect its current credit rating. In part, that is a result of ConEd’s decision to buy Sempra Energy’s California renewable-energy assets late last year – just before they got mired in the bankruptcy of PG&E Corp.The latter is also currently facing calls by politicians in one of its big urban markets, San Francisco, to take over their grid. That situation is clearly an acute crisis compared to what’s been happening in New York, and yet there are also good reasons to be wary of thinking municipalization is a silver bullet there (see this).Nonetheless, as my colleague Mark Chediak points out, several cities across the U.S. have now raised the prospect with a greater or lesser degree of seriousness. Besides politicians letting off steam, other factors may be fueling such talk. In part, it reflects the flatlining of electricity demand over the past decade or so, which has raised questions about how power is paid for and led some prominent companies to break away from their local grid, or attempt to. It is also a function of technology, as notions of what may be possible outside of the traditional regulated utility model expand. Indeed, Cuomo’s own Reforming the Energy Vision strategy for the state’s power sector reflects this. (Disclosure: My wife runs a company developing a distributed energy platform in New York.) There is also the issue of climate change and the balkanized response to it across the U.S. Patchwork policy is inevitable in America’s federal system, especially as utilities are regulated mostly by the states. This tendency is given added impetus by the current federal administration preferring to ignore the problem. Individual locales don’t necessarily have that luxury.While it takes a leap to pin this or that extreme weather event specifically on climate change, the West Coast’s wildfires and the East Coast’s heatwave and heavy rains unequivocally tell us one thing. With such events due to occur more frequently as a result of climate change, it is becoming abundantly clear that our 20th-century infrastructure isn’t built to handle it. Don’t expect the battle over how we address that, who pays and gets compensated for it, to let up.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Reuters
UPDATE 2-Pounding rains, flash floods drench northeastern United States
Severe wind and rain in the northeastern United States left thousands without power on Tuesday, as a record-breaking heat wave ebbed and a flash flood threat moved south with the storm. Up to 4 inches (10 cm) of rain drenched New York's eastern Long Island suburbs, while the widespread storm dumped as much as 8 inches (20 cm) of wetness on Port Arthur, Texas, said meteorologist David Roth of the National Weather Service's Weather Prediction Center. Airlines canceled more than 300 flights in the United States, with the most affected airports throughout the New York area as well as North Carolina, according to FlightAware.com.
- Market Realist
These Utilities Have Increased Dividends for 45+ Years
Investors take shelter under relatively safe utility stocks amid market turmoil due to their stable dividend payment abilities.
- GlobeNewswire
Con Edison Declares Common Stock Dividend
NEW YORK, July 18, 2019 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 74 cents a share on its common stock, payable September 16, 2019.
- GlobeNewswire
Con Edison to Report 2nd Quarter 2019 Earnings on August 1
NEW YORK, July 16, 2019 -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 2nd Quarter 2019 earnings on August 1, 2019 after the market closes..
- Yahoo Finance
Companies to Watch: AT&T and IBM team up, PG&E makes repairs, ConEd explains NYC blackout
IBM, AT&T, ConEd, Charles Schwab and Bayer are the companies to watch.
