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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
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
56% more first-time investments, than exits
New positions opened: 145 | Existing positions closed: 93
11% more capital invested
Capital invested by funds: $21.6B [Q2] → $24B (+$2.47B) [Q3]
5% more funds holding
Funds holding: 1,120 [Q2] → 1,172 (+52) [Q3]
1% less repeat investments, than reductions
Existing positions increased: 394 | Existing positions reduced: 397
2.83% less ownership
Funds ownership: 69.8% [Q2] → 66.97% (-2.83%) [Q3]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$85
6%
downside
Avg. target
$102
13%
upside
High target
$116
29%
upside
5 analyst ratings
1 positive
20%
2 neutral
40%
2 negative
40%
Scotiabank Andrew Weisel 46% 1-year accuracy 13 / 28 met price target | 11%upside $100 | Sector Perform Upgraded | 12 Dec 2024 |
Morgan Stanley David Arcaro 61% 1-year accuracy 23 / 38 met price target | 6%downside $85 | Underweight Maintained | 22 Nov 2024 |
Barclays Nicholas Campanella 63% 1-year accuracy 45 / 71 met price target | 10%upside $99 | Underweight Maintained | 8 Nov 2024 |
Citigroup Ryan Levine 67% 1-year accuracy 4 / 6 met price target | 29%upside $116 | Buy Upgraded | 15 Oct 2024 |
Jefferies Julien Dumoulin-Smith 54% 1-year accuracy 73 / 135 met price target | 20%upside $108 | Hold Initiated | 9 Oct 2024 |
Financial journalist opinion
Based on 4 articles about ED published over the past 30 days
Neutral
Business Wire
4 days ago
Runwise Recognized by Con Edison as Top Multifamily Contractor of The Year
NEW YORK--(BUSINESS WIRE)--Runwise, a smart control platform that operates the key heating, cooling, and water systems more efficiently in more than 7,500 buildings throughout the country, today announced it has been recognized by Con Edison as Top Multifamily Contractor of the Year for 2024. Runwise is a Participating Contractor in Con Edison's clean energy program. “We are incredibly proud of this award from Con Edison,” said Mike Cook, Chief Growth Officer and cofounder of Runwise. “Our part.
Positive
Seeking Alpha
1 week ago
Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends
"A Dividend King [is] a stock with 50 or more consecutive years of dividend increases." - suredividend.com. 53 Divided Kings, screened as of December 11, 2024, represented all eleven Morningstar Sectors. Broker-estimated top-ten net gains ranged from 14.79% to 25.23%, topped by SJW and SWK. By yield, MO topped all the Kings. Top-ten yields from ABBV, ADM, SWK, FRT, FTS, BKH, NWN, CDUAF, UVV, and MO averaged 4.67%.
Positive
Seeking Alpha
1 week ago
Buy 1 December Aristocrat Of 67 From 38 With 'Safer' Dividends
"Dividend Aristocrats
Neutral
PRNewsWire
2 weeks ago
Con Edison Announces Common Share Offering with a Forward Component
NEW YORK , Dec. 3, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today announced the public offering of 7,000,000 of its common shares. In connection with the forward sale agreement described below, the forward counterparty (as defined below) has agreed to borrow from third parties and sell such shares to J.P.
Positive
Seeking Alpha
1 month ago
Consolidated Edison: Potential High-Single-Digit Returns With Low Risk
Consolidated Edison, a monopoly utility in NYC, is rated a Buy due to expected earnings growth and its status as a Dividend King. Despite a recent 5% share price dip, Con Edison's Q3 earnings beat estimates, and the company revised its 2024 EPS guidance upward. Compared to peers, Con Edison's net income margin and ROE lag, but its dividend yield remains competitive, making it attractive for income investors.
Positive
The Motley Fool
1 month ago
These Unstoppable Dividend Stocks Treat Their Investors Like Royalty
These companies have delivered 50 or more years of dividend increases.
Positive
Seeking Alpha
1 month ago
67 Aristocrats November Dividend Cornucopia Has 39 'Safer' And 2 Ideal Dogs
November's top-yielding Aristocrats include Franklin Resources, Amcor, Hormel, and Kenvue, meeting the dogcatcher ideal of dividends from $1K invested exceeding single share prices. Analysts forecast 12.5% to 20.12% net gains from the top-ten Aristocrat Dogs by November 2025, with NextEra Energy and Target leading the projections. Seven more Aristocrats, including Realty Income and Chevron, are within 50% of meeting the ideal dividend-to-price ratio, potentially becoming fair priced with market pressure.
Positive
Zacks Investment Research
1 month ago
Consolidated Edison's Q3 Earnings Beat Estimates, Revenues Rise Y/Y
ED's third-quarter earnings beat the Zacks Consensus Estimate by 7.7%. Its revenues also surpass the consensus estimate by 1.9%.
Positive
Zacks Investment Research
1 month ago
Here's What Key Metrics Tell Us About Con Ed (ED) Q3 Earnings
The headline numbers for Con Ed (ED) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Neutral
PRNewsWire
1 month ago
CON EDISON REPORTS 2024 THIRD QUARTER EARNINGS
NEW YORK , Nov. 7, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 third quarter net income for common stock of $588 million or $1.70 a share compared with $526 million or $1.53 a share in the 2023 third quarter. Adjusted earnings (non-GAAP) were $583 million or $1.68 a share in the 2024 period compared with $561 million or $1.62 a share in the 2023 period.
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