ED - Consolidated Edison, Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
91.17
-0.08 (-0.09%)
As of 10:19AM EDT. Market open.
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Previous Close91.25
Open91.19
Bid91.34 x 900
Ask91.41 x 1100
Day's Range91.16 - 91.57
52 Week Range73.30 - 94.97
Volume104,845
Avg. Volume1,542,421
Market Cap30.282B
Beta (3Y Monthly)0.18
PE Ratio (TTM)21.73
EPS (TTM)4.20
Earnings DateOct 30, 2019 - Nov 4, 2019
Forward Dividend & Yield2.96 (3.24%)
Ex-Dividend Date2019-08-13
1y Target Est89.75
Trade prices are not sourced from all markets
  • Should Consolidated Edison, Inc. (NYSE:ED) Be Part Of Your Dividend Portfolio?
    Simply Wall St.

    Should Consolidated Edison, Inc. (NYSE:ED) Be Part Of Your Dividend Portfolio?

    Today we'll take a closer look at Consolidated Edison, Inc. (NYSE:ED) from a dividend investor's perspective. Owning a...

  • Hedge Funds Have Never Been This Bullish On Consolidated Edison, Inc. (ED)
    Insider Monkey

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

    Investing in small cap stocks has historically been a way to outperform the market, as small cap companies typically grow faster on average than the blue chips. That outperformance comes with a price, however, as there are occasional periods of higher volatility. The last 12 months is one of those periods, as the Russell 2000 […]

  • Top 5 Recession Stocks
    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.

  • Consolidated Edison Can Continue to Rally as Rates Continue to Fall
    TheStreet.com

    Consolidated Edison Can Continue to Rally as Rates Continue to Fall

    Utility stocks generally have an inverse relationship to interest rates, particularly long-term rates.

  • GlobeNewswire

    Con Edison Chairman & CEO John McAvoy to Speak at Wolfe Research Utilities and Energy Conference on October 2

    NEW YORK, Sept. 26, 2019 -- John McAvoy, chairman and chief executive officer of Consolidated Edison, Inc. (NYSE: ED) will present as part of a Transmission and Distribution.

  • Did You Miss Consolidated Edison's (NYSE:ED) 64% Share Price Gain?
    Simply Wall St.

    Did You Miss Consolidated Edison's (NYSE:ED) 64% Share Price Gain?

    Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying...

  • 5 Stocks Beating the Market
    GuruFocus.com

    5 Stocks Beating the Market

    Ingersoll-Rand tops the list Continue reading...

  • GlobeNewswire

    Con Edison Challenges Repeal of the Clean Power Plan

    NEW YORK, Sept. 16, 2019 -- Con Edison, as part of a coalition of public and private electric utility companies, has filed a petition in the District of Columbia Circuit Court.

  • GuruFocus.com

    5 Companies Hit 52-Week Highs

    As of late, these companies have managed to reach yearly highs Continue reading...

  • Is Consolidated Edison, Inc.'s (NYSE:ED) P/E Ratio Really That Good?
    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...

  • Con Ed (ED) Up 3.5% Since Last Earnings Report: Can It Continue?
    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.

  • Volatility Weighs on Hewlett Packard Enterprise, Others
    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.

  • Is Consolidated Edison (NYSE:ED) A Risky Investment?
    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...

  • Consolidated Edison (ED) Q2 Earnings Miss, Revenues Up Y/Y
    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.

  • Consolidated Edison (ED) Lags Q2 Earnings Estimates
    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.

  • This High-Yield Dividend Stock Just Keeps Getting Better
    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.

  • Consolidated Edison (ED) to Post Q2 Earnings: What's in Store?
    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.

  • Earnings Preview: Consolidated Edison (ED) Q2 Earnings Expected to Decline
    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.

  • How Many Consolidated Edison, Inc. (NYSE:ED) Shares Do Institutions Own?
    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...

  • Watch out for these illnesses in a heat-wave power outage, and other advice to stay safe
    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.

  • De Blasio’s ConEd Threat Is a Sign of What’s to Come
    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.