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 7,372 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
32% more first-time investments, than exits
New positions opened: 168 | Existing positions closed: 127
30% more repeat investments, than reductions
Existing positions increased: 446 | Existing positions reduced: 343
2.21% more ownership
Funds ownership: 67.48% [Q3] → 69.69% (+2.21%) [Q4]
1% more funds holding
Funds holding: 1,180 [Q3] → 1,191 (+11) [Q4]
8% less capital invested
Capital invested by funds: $24.2B [Q3] → $22.4B (-$1.83B) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$95
12%
downside
Avg. target
$100
7%
downside
High target
$110
2%
upside
4 analyst ratings
0 positive
0%
3 neutral
75%
1 negative
25%
UBS William Appicelli 55% 1-year accuracy 6 / 11 met price target | 2%upside $110 | Neutral Maintained | 25 Feb 2025 |
Scotiabank Andrew Weisel 79% 1-year accuracy 23 / 29 met price target | 6%downside $101 | Sector Perform Maintained | 24 Feb 2025 |
Barclays Nicholas Campanella 58% 1-year accuracy 43 / 74 met price target | 12%downside $95 | Underweight Maintained | 24 Feb 2025 |
Mizuho Anthony Crowdell 64% 1-year accuracy 16 / 25 met price target | 12%downside $95 | Neutral Maintained | 3 Feb 2025 |
Financial journalist opinion
Based on 10 articles about ED published over the past 30 days
Neutral
PRNewsWire
1 week ago
Con Edison Executives to Meet with Investors in March 2025
NEW YORK , March 6, 2025 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) executives will meet with investors the week of March 10, 2025, and the week of March 17, 2025. Copies of Con Edison's investor presentations 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
PRNewsWire
1 week ago
CON EDISON ANNOUNCES PUBLIC OFFERING OF COMMON SHARES
NEW YORK , March 4, 2025 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) announced today it has agreed to issue 6,300,000 of its common shares. These common shares are being offered by Barclays under Con Edison's effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC").
Positive
24/7 Wall Street
2 weeks ago
February Worst Month Since September of 2023 – Grab Our 5 Favorite Dividend Aristocrats Now
The NASDAQ composite index has been scorching hot since the fall of 2022, as the Magnificent 7 drove the markets to all-time highs.
Positive
24/7 Wall Street
2 weeks ago
Market Correction Wake-Up Call? 4 Dependable High-Yield Dividend Kings to the Rescue
After back-to-back 20+ gains for the S&P 500 in 2023 and 2024, it's possible the first quarter of 2025 could end up down. Investors still have plenty of time to take some profits and shift portfolio allocations some.
Positive
Seeking Alpha
2 weeks ago
Buy 3 "Safer" Dividend Kings Of 24 Out Of 52 For February
Seven of the top-ten Dividend Kings by yield offer annual dividends from a $1K investment exceeding their single share prices, making them attractive buys. Six Dividend Kings, including Altria Group and Hormel Foods, are currently fair-priced, with dividends meeting or exceeding their single-share prices. Analysts predict net gains between 15% and 45.53% for the top-ten Dividend Kings by February 2026, based on target prices.
Positive
Seeking Alpha
2 weeks ago
2025 Dividend Kings - Off To A Strong Start
The Dividend Kings are outperforming the S&P 500 in 2025, up 4% YTD versus 1.39% for SPY. Ten Dividend Kings have already achieved double-digit returns, led by National Fuel Gas (+22.08%) and Abbott Laboratories (+20.71%). 2025 Dividend growth is looking promising, with ABM Industries and Walmart leading with 17.78% and 15.69% increases, respectively.
Positive
Zacks Investment Research
3 weeks 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
3 weeks 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
3 weeks 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
3 weeks 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.
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