Consolidated EdisonED
Market Cap: $35.8B
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 Q2 SEC filings by fund managers ($100M+ AUM)
163% more call options, than puts
Call options by funds: $93.1M | Put options by funds: $35.4M
3% more repeat investments, than reductions
Existing positions increased: 403 | Existing positions reduced: 391
0% more capital invested
Capital invested by funds: $21.1B [Q1] → $21.1B (+$4.25M) [Q2]
0% less funds holding
Funds holding: 1,114 [Q1] → 1,109 (-5) [Q2]
6% less first-time investments, than exits
New positions opened: 84 | Existing positions closed: 89
8.52% less ownership
Funds ownership: 76.89% [Q1] → 68.37% (-8.52%) [Q2]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 4 (-1) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Morgan Stanley David Arcaro 58% 1-year accuracy 25 / 43 met price target | 21%downside $82 | Underweight Maintained | 23 Aug 2024 |
Scotiabank Andrew Weisel 87% 1-year accuracy 20 / 23 met price target | 13%downside $90 | Sector Underperform Maintained | 20 Aug 2024 |
Barclays Nicholas Campanella 93% 1-year accuracy 38 / 41 met price target | 5%downside $98 | Underweight Maintained | 5 Aug 2024 |
B of A Securities Julien Dumoulin-Smith 68% 1-year accuracy 32 / 47 met price target | 6%upside $109 | Buy Maintained | 5 Aug 2024 |
Guggenheim Shahriar Pourreza 89% 1-year accuracy 16 / 18 met price target | 12%downside $91 | Neutral Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 8 articles about ED published over the past 30 days