ED stock icon

Consolidated Edison
ED

$89.39
2.06%
 

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 6,702 funds
0
Analysts bullish %
of 12 analysts
0
News positive %
of 7 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

226% more call options, than puts

Call options by funds: $94.1M | Put options by funds: $28.9M

25% more funds holding in top 10

Funds holding in top 10: 4 [Q4 2023] → 5 (+1) [Q1 2024]

9.04% more ownership

Funds ownership: 66.24% [Q4 2023] → 75.28% (+9.04%) [Q1 2024]

1% less capital invested

Capital invested by funds: $20.8B [Q4 2023] → $20.7B (-$108M) [Q1 2024]

3% less repeat investments, than reductions

Existing positions increased: 391 | Existing positions reduced: 403

2% less funds holding

Funds holding: 1,115 [Q4 2023] → 1,097 (-18) [Q1 2024]

18% less first-time investments, than exits

New positions opened: 84 | Existing positions closed: 102

Research analyst outlook

12 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$76
15%
downside
Avg. target
$89
0%
upside
High target
$97
9%
upside

12 analyst ratings

positive
0%
neutral
67%
negative
33%
Morgan Stanley
David Arcaro
15%downside
$76
Underweight
Maintained
24 Jun 2024
Morgan Stanley
David Arcaro
11%downside
$80
Underweight
Maintained
28 May 2024
Mizuho
Anthony Crowdell
6%upside
$95
Neutral
Maintained
28 May 2024
Barclays
Nicholas Campanella
9%upside
$97
Equal-Weight
Maintained
7 May 2024
Wells Fargo
Sarah Akers
9%upside
$97
Equal-Weight
Maintained
3 May 2024

Financial journalist opinion

Based on 7 articles about ED published over the past 30 days