Consolidated Edison, Inc , through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.
infoConsolidated Edison is a large cap stock with a total market cap of 31.20B.
infoThey trade on the NYSE and had their IPO 61 years and 7 months ago.
infoConsolidated Edison currently employs 14319 people.
infoAs of Wednesday, Aug 23 2023, Consolidated Edison’s share price is $90.04.
News Relating to Consolidated Edison
Forbes
The Fed Will Send These Safe Dividends Soaring In 2024
Wednesday Aug 23 2023 at 09:56
We’re bullish on utilities now because this economy is bogging out. We got more proof of that last week, with China posting an anemic 0.8% growth rate in Q2.
Zacks Investment Research
PPL Rides on Investments, Focuses on Clean Power Generation
Friday Aug 11 2023 at 08:32
PPL is expected to further gain from its ongoing capital investments, completed acquisition, and savings in operation and maintenance costs.
Zacks Investment Research
Consolidated Edison (ED) Beats Q2 Earnings Estimates
Thursday Aug 03 2023 at 20:17
Consolidated Edison (ED) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.64 per share a year ago.
Reuters
Consolidated Edison’s Q2 profit falls on weak electricity demand
Thursday Aug 03 2023 at 17:53
Utility firm Consolidated Edison on Thursday posted a fall in second-quarter profit and sales as mild weather in the United States dented demand for gas and electricity.
Zacks Investment Research
This Leading AI Stock is on the Verge of Breaking Out
Monday Jul 31 2023 at 17:08
C3.ai AI is one of the most interesting technology companies in the market today.
Zacks Investment Research
Consolidated Edison (ED) to Post Q2 Earnings: What’s in Store?
Monday Jul 31 2023 at 09:38
Consolidated Edison’s (ED) second-quarter results are likely to reflect warmer-than-normal weather pattern benefits amid higher interest expenses and revenue tax impacts.
Zacks Investment Research
4 Utilities Set to Outperform Estimates This Earnings Season
Wednesday Jul 26 2023 at 08:40
New electric and natural gas service rates, cost management, new technology use to provide better services, and customer growth are expected to assist EXC, ED, PEG, and ATO in outperforming earnings estimates this time around.
Zacks Investment Research
Will Con Ed (ED) Beat Estimates Again in Its Next Earnings Report?
Tuesday Jul 25 2023 at 13:53
Con Ed (ED) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
24/7 Wall Street
4 Stocks to Buy From the Bright Electric Power Industry
Wednesday Jul 19 2023 at 22:41
The Zacks Utility – Electric Power industry stocks have been transitioning toward clean sources of fuel and focusing on lower carbon emissions.
Zacks Investment Research
4 Stocks to Buy From the Bright Electric Power Industry
Tuesday Jul 18 2023 at 08:19
Amid the ongoing transition in the utility space, electric power utilities like NEE, EXC, ED and DTE have well-chalked-out capital investment plans to upgrade infrastructure and add clean assets to their generation portfolio to provide efficient services.
PRNewsWire
Con Edison to Report 2nd Quarter 2023 Earnings on August 3
Monday Jul 17 2023 at 16:30
NEW YORK , July 17, 2023 /PRNewswire/ — Consolidated Edison, Inc. (Con Edison) (NYSE:ED) plans to report its 2nd Quarter 2023 earnings on August 3, 2023 after the market closes. Consolidated Edison, Inc. is one of the nation’s largest investor-owned energy-delivery companies, with approximately $16 billion in annual revenues and $63 billion in assets.
Zacks Investment Research
Reasons to Add Consolidated Edison (ED) to Your Portfolio Now
Thursday Jul 13 2023 at 11:51
Consolidated Edison (ED) makes a strong case for investment, given its earnings growth prospects, strong return on equity and ability to increase shareholders’ value.
MarketBeat
Insiders Are Buying Consolidated Edison
Tuesday Jul 11 2023 at 09:03
The insiders don’t hold much of Consolidated Edison, but they are putting their money into the company. The insiders have only bought stock for the last 5 quarters, and before that only bought stock save for a single transaction.
Zacks Investment Research
RWEOY or ED: Which Is the Better Value Stock Right Now?
Wednesday Jun 21 2023 at 13:19
Investors with an interest in Utility – Electric Power stocks have likely encountered both RWE AG (RWEOY) and Consolidated Edison (ED). But which of these two companies is the best option for those looking for undervalued stocks?
Seeking Alpha
Consolidated Edison: Strong Fundamentals Behind The Rising Dividend
Wednesday Jun 14 2023 at 22:35
Consolidated Edison, a New York and New Jersey utility, will likely become a dividend king next year. ED’s first quarter 2023 earnings report indicates its top- and bottom-line growth should continue this year and beyond. I value the shares at fair to modestly undervalued.
InvestorPlace
Build a Millionaire’s Portfolio With These 3 Dividend-Paying Stocks
Monday Jun 12 2023 at 15:55
Stock market corrections can be unnerving, but history shows these are often the best time to buy. Millionaire investors know this, so they usually choose wealth-building dividend stocks for their portfolios.
InvestorPlace
Time to Sell! 3 Stocks That Are Poised to Plunge.
Monday Jun 12 2023 at 12:30
One of the scariest things to do as an investor is to take a critical look at one’s portfolio. Indeed, scenario analysis can be important, to see how much downside potential certain holdings may have.
Zacks Investment Research
5 Picks from The Very Attractive Power Utility Industry
Friday Jun 09 2023 at 12:57
If you are planning on investing in utilities today, better keep the long-term perspective in mind.
Zacks Investment Research
3 Utilities Stocks Suited Nicely for Income-Focused Investors
Monday Jun 05 2023 at 15:41
Income investors commonly target the Utilities sector, as companies in the realm generate reliable and predictable demand thanks to their services being a necessity.
Zacks Investment Research
RWEOY vs. ED: Which Stock Is the Better Value Option?
Monday Jun 05 2023 at 12:41
Investors with an interest in Utility – Electric Power stocks have likely encountered both RWE AG (RWEOY) and Consolidated Edison (ED). But which of these two companies is the best option for those looking for undervalued stocks?
Zacks Investment Research
PPL Benefits From Acquisitions, Cost-Saving Initiatives
Wednesday May 31 2023 at 06:44
PPL is expected to further benefit from its ongoing capital investments, completed acquisitions, and savings in operation and maintenance costs.
Zacks Investment Research
4 Utility Stocks to Buy as Recession Fear Grips Markets
Monday May 29 2023 at 09:05
Volatility has gripped markets once again. Hence, investing in utility stocks like Consolidated Edison, Inc. (ED), Atmos Energy Corporation (ATO), New Jersey Resources Corporation (NJR) and Global Water Resources, Inc. (GWRS) would be prudent.
Zacks Investment Research
Reasons to Add Consolidated Edison (ED) to Your Portfolio Now
Wednesday May 24 2023 at 11:57
Consolidated Edison (ED) is an attractive stock in the utility space, given its rising growth estimates, strong long-term investment plan and favorable price performance.
InvestorPlace
3 Stocks to Sell as Debt Ceiling Looms Over Government Spending
Wednesday May 24 2023 at 07:00
With the debt ceiling issue on the horizon, investors face the task of assessing their stock portfolios amidst government spending uncertainties. Given the prevailing uncertainty, investors should carefully consider specific stocks that may encounter significant challenges.
Seeking Alpha
Thoughts On When To Sell A Dividend Stock
Wednesday May 10 2023 at 06:35
We don’t buy stocks to look for a selling point as dividend investors. Our holding period is for life. However, as you become more experienced and learn from investing mistakes, there are times when you should sell a dividend stock.
Zacks Investment Research
AES Q1 Revenues Surpass Estimates, Earnings Increase Y/Y
Friday May 05 2023 at 09:09
AES’ Q1 revenues of $3,239 million increase 13.6% year over year. Revenues also beat the Zacks Consensus Estimate by 13.8%.
Zacks Investment Research
Consolidated Edison (ED) Q1 Earnings Beat, Revenues Rise Y/Y
Friday May 05 2023 at 08:23
Consolidated Edison’s (ED) Q1 revenues of $4,403 million surpass the Zacks Consensus Estimate by 8%. The top line also improves 8.4% from the year-ago quarter.
The Motley Fool
5 Stocks You Can Confidently Invest $500 in Right Now
Monday May 01 2023 at 05:25
Wide economic moats create a sustainable competitive advantage to make investors confident. Growth stocks with wide moats provide reliable long-term opportunities, though they are prone to volatility.
PRNewsWire
Con Edison to Report 1st Quarter 2023 Earnings on May 4
Tuesday Apr 25 2023 at 17:18
NEW YORK , April 25, 2023 /PRNewswire/ — Consolidated Edison, Inc. (Con Edison) (NYSE:ED) plans to report its 1st Quarter 2023 earnings on May 4, 2023 after the market closes. Consolidated Edison, Inc. is one of the nation’s largest investor-owned energy-delivery companies, with approximately $16 billion in annual revenues and $69 billion in assets as of December 31, 2022.
Zacks Investment Research
Should You Buy Consolidated Edison (ED) After Golden Cross?
Friday Apr 21 2023 at 11:25
Consolidated Edison Inc (ED) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ED’s 50-day simple moving average crossed above its 200-day simple moving average, known as a “golden cross.
Consolidated Edison Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Consolidated Edison’s Altman Z-score is 50.74 which is in the safe zone. This indicates the company is financially stable and less likely to experience financial distress or bankruptcy.
Derived from SEC.GOV filing dataopen_in_new
Consolidated Edison Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, 9 insiders have bought $13.37K of common stock in Consolidated Edison on the stock market with no insider selling.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Consolidated Edison’s Income Quality of 1.28 is in line with its Industry Group of 1.42 (-9.9% lower)
Consolidated Edison’s Income Quality of 1.28 is lower than its Major Industry Group of 1.54 (-16.9% lower)
Consolidated Edison’s Income Quality of 1.28 is in line with its Sector of 1.39 (-7.9% lower)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
Learn more at Investopediaopen_in_new
Consolidated Edison’s Current Ratio of -0.35 is lower than its Industry Group of 0.63 (-155.6% lower)
Consolidated Edison’s Current Ratio of -0.35 is lower than its Major Industry Group of 0.86 (-140.7% lower)
Consolidated Edison’s Current Ratio of -0.35 is lower than its Sector of 1.18 (-129.7% lower)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
Learn more at Investopediaopen_in_new
Consolidated Edison’s PE Ratio of 12.67 is lower than its Industry Group of 15.5 (-18.3% lower)
Consolidated Edison’s PE Ratio of 12.67 is greater than its Major Industry Group of 10.91 (16.1% greater)
Consolidated Edison’s PE Ratio of 12.67 is greater than its Sector of 6.18 (105.0% greater)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Consolidated Edison’s PB Ratio of 24.38 is greater than its Industry Group of 1.24 (1866.1% greater)
Consolidated Edison’s PB Ratio of 24.38 is greater than its Major Industry Group of 1.37 (1679.6% greater)
Consolidated Edison’s PB Ratio of 24.38 is greater than its Sector of 1.01 (2313.9% greater)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
Learn more at Investopediaopen_in_new
Consolidated Edison’s ROE of 1.92 is greater than its Industry Group of 0.06 (3100.0% greater)
Consolidated Edison’s ROE of 1.92 is greater than its Major Industry Group of 0.03 (6300.0% greater)
Consolidated Edison’s ROE of 1.92 is greater than its Sector of 0.06 (3100.0% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
Consolidated Edison’s ROCE of 1.57 is greater than its Industry Group of 0.03 (5133.3% greater)
Consolidated Edison’s ROCE of 1.57 is greater than its Major Industry Group of 0.04 (3825.0% greater)
Consolidated Edison’s ROCE of 1.57 is greater than its Sector of 0.06 (2516.7% greater)
Derived from SEC.GOV filing dataopen_in_new