Consolidated Edison
About: Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities generate nearly all of Con Ed's earnings following the sale of its clean energy business to RWE in early 2023.
Employees: 14,592
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
83% more call options, than puts
Call options by funds: $115M | Put options by funds: $62.8M
25% more first-time investments, than exits
New positions opened: 141 | Existing positions closed: 113
11% more capital invested
Capital invested by funds: $21.6B [Q2] → $24B (+$2.4B) [Q3]
3% more funds holding
Funds holding: 1,118 [Q2] → 1,146 (+28) [Q3]
2% less repeat investments, than reductions
Existing positions increased: 384 | Existing positions reduced: 390
2.97% less ownership
Funds ownership: 69.79% [Q2] → 66.81% (-2.97%) [Q3]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
8 analyst ratings
Barclays Nicholas Campanella 72% 1-year accuracy 49 / 68 met price target | 3%upside $99 | Underweight Maintained | 8 Nov 2024 |
Barclays Nicholas Campanella 72% 1-year accuracy 49 / 68 met price target | 8%upside $104 | Underweight Maintained | 21 Oct 2024 |
Citigroup Ryan Levine 88% 1-year accuracy 7 / 8 met price target | 20%upside $116 | Buy Upgraded | 15 Oct 2024 |
Jefferies Julien Dumoulin-Smith 61% 1-year accuracy 44 / 72 met price target | 12%upside $108 | Hold Initiated | 9 Oct 2024 |
Morgan Stanley David Arcaro 61% 1-year accuracy 22 / 36 met price target | 10%downside $87 | Underweight Maintained | 25 Sept 2024 |
Financial journalist opinion
Based on 10 articles about ED published over the past 30 days
