Consolidated Edison, Inc. (ED)
- Previous Close
94.11 - Open
94.11 - Bid 93.61 x 800
- Ask 93.69 x 1300
- Day's Range
93.38 - 94.38 - 52 Week Range
80.46 - 100.44 - Volume
123,288 - Avg. Volume
1,902,530 - Market Cap (intraday)
32.283B - Beta (5Y Monthly) 0.35
- PE Ratio (TTM)
12.95 - EPS (TTM)
7.21 - Earnings Date May 2, 2024
- Forward Dividend & Yield 3.32 (3.53%)
- Ex-Dividend Date May 14, 2024
- 1y Target Est
89.42
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.2 million customers in southeastern New York. In addition, it operates 545 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 90,051 in-service line transformers; 3,788 pole miles of overhead distribution lines; and 2,314 miles of underground distribution lines, as well as 4,363 miles of mains and 380,870 service lines for natural gas distribution. Further, the company invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.
www.conedison.com14,592
Full Time Employees
December 31
Fiscal Year Ends
Sector
Utilities - Regulated Electric
Industry
Recent News: ED
Performance Overview: ED
Trailing total returns as of 4/26/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
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5-Year Return
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Statistics: ED
Valuation Measures
Market Cap
32.54B
Enterprise Value
56.36B
Trailing P/E
13.05
Forward P/E
17.73
PEG Ratio (5yr expected)
2.71
Price/Sales (ttm)
2.24
Price/Book (mrq)
1.54
Enterprise Value/Revenue
3.84
Enterprise Value/EBITDA
9.30
Financial Highlights
Profitability and Income Statement
Profit Margin
17.18%
Return on Assets (ttm)
2.84%
Return on Equity (ttm)
11.97%
Revenue (ttm)
14.66B
Net Income Avi to Common (ttm)
2.52B
Diluted EPS (ttm)
7.21
Balance Sheet and Cash Flow
Total Cash (mrq)
1.19B
Total Debt/Equity (mrq)
118.22%
Levered Free Cash Flow (ttm)
1.45B
Research Analysis: ED
Company Insights: ED
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Research Reports: ED
Analyst Report: Consolidated Edison, Inc.
Consolidated Edison serves 3 million electric customers, 1.1 million gas customers, and 1800 steam customers throughout the New York region. ED provides a wide range of energy-related products and services through the following subsidiaries: Consolidated Edison Co. of New York (CECONY), a regulated utility providing electricity, gas and steam in New York City and Westchester County; Orange and Rockland Utilities, a utility serving customers in southeastern New York State, northern New Jersey, and northeastern Pennsylvania; Con Edison Solutions, a retail energy supply and services company; Con Edison Energy, a wholesale energy supply company; Con Edison Development, which owns and operates generating plants and participates in other infrastructure projects; and Con Ed Transmission, a FERC-regulated electric and natural gas utility. The company employs approximately 15,000 people. With the sale of Con Edison Clean Energy Businesses, Con Ed has become a pure-play regulated utility with over 90% of assets at CECONY, which also accounts for 92% of total revenues. The company has little generating power except for steam production, and purchases and transports gas from as far away as Canada and the Gulf of Mexico. In 2023, gas accounted for 21% of revenues and electricity accounted for about 74%, with about half of electric revenues from businesses and municipal customers. ED is increasing investment in solar and wind generation, and is targeting net-zero emissions by 2040.
RatingPrice TargetMarket Digest: ALL, DPZ, ED, INTU, VMC, MRNA
As stock prices continue to rise and the valuation band for stocks is stretched further, insider-sentiment data from Vickers Stock Research continues to show that corporate executives, directors, and beneficial owners are increasingly defensive. Is it time to run for exits? Likely no. But stock prices won't go up forever, so a sense of caution does seem to be warranted. And that is what insiders are clearly telling us.
Analyst Report: Consolidated Edison, Inc.
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.
RatingPrice TargetAnalyst Report: Consolidated Edison, Inc.
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.
RatingPrice Target