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 7,139 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
200% more funds holding in top 10
Funds holding in top 10: 3 [Q3] → 9 (+6) [Q4]
34% more call options, than puts
Call options by funds: $85.2M | Put options by funds: $63.6M
30% more repeat investments, than reductions
Existing positions increased: 431 | Existing positions reduced: 331
29% more first-time investments, than exits
New positions opened: 160 | Existing positions closed: 124
1.81% more ownership
Funds ownership: 67.59% [Q3] → 69.4% (+1.81%) [Q4]
2% less funds holding
Funds holding: 1,179 [Q3] → 1,153 (-26) [Q4]
8% less capital invested
Capital invested by funds: $24.3B [Q3] → $22.3B (-$1.96B) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$85
13%
downside
Avg. target
$93
5%
downside
High target
$100
2%
upside
4 analyst ratings
0 positive
0%
2 neutral
50%
2 negative
50%
Mizuho Anthony Crowdell 65% 1-year accuracy 15 / 23 met price target | 3%downside $95 | Neutral Maintained | 3 Feb 2025 |
Barclays Nicholas Campanella 64% 1-year accuracy 50 / 78 met price target | 6%downside $92 | Underweight Maintained | 27 Jan 2025 |
Scotiabank Andrew Weisel 75% 1-year accuracy 21 / 28 met price target | 2%upside $100 | Sector Perform Upgraded | 12 Dec 2024 |
Morgan Stanley David Arcaro 72% 1-year accuracy 31 / 43 met price target | 13%downside $85 | Underweight Maintained | 22 Nov 2024 |
Financial journalist opinion
Based on 8 articles about ED published over the past 30 days
Positive
Zacks Investment Research
20 hours ago
Consolidated Edison Q4 Earnings Top Estimates, Revenues Rise Y/Y
ED's fourth-quarter earnings beat estimates, and revenues grow 2.6% year over year.
Positive
Zacks Investment Research
1 day ago
Compared to Estimates, Con Ed (ED) Q4 Earnings: A Look at Key Metrics
Although the revenue and EPS for Con Ed (ED) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 day ago
Consolidated Edison (ED) Q4 Earnings and Revenues Surpass Estimates
Consolidated Edison (ED) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1 per share a year ago.
Neutral
PRNewsWire
1 day ago
CON EDISON REPORTS 2024 EARNINGS
NEW YORK , Feb. 20, 2025 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2024 net income for common stock of $1,820 million or $5.26 a share compared with $2,519 million or $7.25 a share in 2023. Adjusted earnings (non-GAAP) were $1,868 million or $5.40 a share in 2024 compared with $1,762 million or $5.07 a share in 2023.
Positive
Zacks Investment Research
1 week ago
Unlocking Q4 Potential of Con Ed (ED): Exploring Wall Street Estimates for Key Metrics
Beyond analysts' top -and-bottom-line estimates for Con Ed (ED), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2024.
Positive
Seeking Alpha
1 week ago
17 Upcoming Dividend Increases, Including 3 Kings
This week's dividend increases feature three Dividend Kings: Archer-Daniels-Midland, Consolidated Edison, and Black Hills Corporation, with streaks of 50, 51, and 55 years, respectively. Consistently rising dividends indicate strong cash flow and financial stability, making such companies attractive long-term investments that often outperform benchmarks. My strategy focuses on stocks with consistent dividend growth and market outperformance, using data from U.S. Dividend Champions and NASDAQ.
Positive
Zacks Investment Research
1 week ago
Consolidated Edison (ED) Recently Broke Out Above the 200-Day Moving Average
After reaching an important support level, Consolidated Edison (ED) could be a good stock pick from a technical perspective. ED surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.
Neutral
Seeking Alpha
4 weeks ago
What Can The Dividend Kings Deliver In 2025?
The Dividend Kings underperformed the broad U.S. equity market in 2024, achieving a 5.53% total return compared to the S&P 500's 24.89%. 2024 returns for the Dividend Kings were primarily driven by earnings growth and dividends, with the change in P/E ratio being a detractor. I breakdown the components of total return for each Dividend King by sector to gain insights into current valuation.
Neutral
PRNewsWire
1 month ago
Con Edison to Report 2024 Earnings on February 20
NEW YORK , Jan. 16, 2025 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) plans to report its 2024 earnings on February 20, 2025 after the market closes. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues for year-end 2023 and $69 billion in assets as of September 30, 2024.
Neutral
PRNewsWire
1 month ago
CON EDISON DECLARES COMMON STOCK DIVIDEND
NEW YORK , Jan. 16, 2025 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 85 cents a share on its common stock, payable March 14, 2025 to stockholders of record as of February 19, 2025, an annualized increase of 8 cents over the previous annualized dividend of $3.32 a share. "The 51st consecutive annual dividend increase for stockholders extends our record for the longest period of consecutive annual dividend increases of any utility in the S&P 500 index and reflects our continued emphasis on providing a return to our investors while delivering safe, reliable and resilient service to our customers during the clean energy transition," said Kirk Andrews, Con Edison's senior vice president and chief financial officer.
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