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 6,823 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
86% more first-time investments, than exits
New positions opened: 147 | Existing positions closed: 79
83% more call options, than puts
Call options by funds: $115M | Put options by funds: $62.8M
12% more capital invested
Capital invested by funds: $21.8B [Q2] → $24.3B (+$2.5B) [Q3]
5% more funds holding
Funds holding: 1,120 [Q2] → 1,174 (+54) [Q3]
1% less repeat investments, than reductions
Existing positions increased: 394 | Existing positions reduced: 397
2.81% less ownership
Funds ownership: 70.4% [Q2] → 67.59% (-2.81%) [Q3]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$85
9%
downside
Avg. target
$95
2%
upside
High target
$100
7%
upside
3 analyst ratings
0 positive
0%
1 neutral
33%
2 negative
67%
Scotiabank Andrew Weisel 61% 1-year accuracy 17 / 28 met price target | 7%upside $100 | Sector Perform Upgraded | 12 Dec 2024 |
Morgan Stanley David Arcaro 71% 1-year accuracy 27 / 38 met price target | 9%downside $85 | Underweight Maintained | 22 Nov 2024 |
Barclays Nicholas Campanella 67% 1-year accuracy 47 / 70 met price target | 6%upside $99 | Underweight Maintained | 8 Nov 2024 |
Financial journalist opinion
Based on 5 articles about ED published over the past 30 days
Neutral
PRNewsWire
5 days 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
5 days 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.
Positive
Seeking Alpha
6 days ago
Buy 3 'Safer' Dividend Kings Of 25 From 53 For January
“A Dividend King [is] a stock with 50 or more consecutive years of dividend increases.”—suredividend.com. 53 Divided Kings, screened as of January 10, 2025, represented all eleven Morningstar Sectors. Broker-estimated top-ten net-gains ranged 22.84%-62.53% topped-by SJW & SCL. By yield, MO topped all the Kings. Top-ten Yields from KVUE, SWK, UBSI, FTS, FRT, BKH, NWN, CDUAF, UVV, & MO, averaged 5.04%.
Positive
24/7 Wall Street
6 days ago
3 Dividend Kings to Buy and Hold Forever
Dividend Kings are stocks that have increased their dividend payouts for over 50 consecutive years.
Neutral
PRNewsWire
2 weeks ago
Con Edison Executives to Attend Financial Conferences in January 2025
NEW YORK , Jan. 7, 2025 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) executives will meet with investors at conferences in January 2025. A copy of Con Edison's investor presentation for these meetings can be found on the Presentations & Webcasts page of Con Edison's website (Select "For Investors" and then select "Presentation & Webcasts").
Neutral
Business Wire
1 month 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 month 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 month ago
Buy 1 December Aristocrat Of 67 From 38 With 'Safer' Dividends
"Dividend Aristocrats
Neutral
PRNewsWire
1 month 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
2 months 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.
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