Consolidated Edison Inc

Consolidated Edison Inc Stock Forecast & Price Prediction

Live Consolidated Edison Inc Stock (ED) Price
$97.04

14

Ratings

  • Buy 1
  • Hold 7
  • Sell 6
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$97.04

P/E Ratio

18.24

Volume Traded Today

$2.7M

Dividend

$0.83

52 Week High/low

107.75/85.85

Consolidated Edison Inc Market Cap

$33.62B

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ED Summary

From what 14 stock analysts predict, the share price for Consolidated Edison Inc (ED) might increase by 5.18% in the next year. This is based on a 12-month average estimation for ED. Price targets go from $88 to $116. The majority of stock analysts believe ED is a hold. Please note analyst price targets are not guaranteed and could be missed completely.

ED Analyst Ratings

ED is a stock in Utilities which has been forecasted to be worth $102.07 as an average. On the higher end, the forecast price is $116 USD by Ryan Levine from Citigroup and on the lower end ED is forecasted to be $88 by from Barclays.

ED stock forecast by analyst

These are the latest 20 analyst ratings of ED.

Analyst/Firm

Rating

Price Target

Change

Date

Nicholas Campanella
Barclays

Underweight

$99

Maintains

Nov 8, 2024
Nicholas Campanella
Barclays

Underweight

$104

Maintains

Oct 21, 2024
Ryan Levine
Citigroup

Buy

$116

Upgrade

Oct 15, 2024
Julien Dumoulin-Smith
Jefferies

Hold

$108

Initiates

Oct 9, 2024
David Arcaro
Morgan Stanley

Underweight

$87

Maintains

Sep 25, 2024
William Appicelli
UBS

Neutral

$106

Maintains

Sep 20, 2024
David Arcaro
Morgan Stanley

Underweight

$82

Maintains

Aug 23, 2024
Andrew Weisel
Scotiabank

Sector Underperform

$90

Maintains

Aug 20, 2024
Julien Dumoulin-Smith
B of A Securities

Buy

$109

Maintains

Aug 5, 2024
Nicholas Campanella
Barclays

Underweight

$98

Maintains

Aug 5, 2024
Shahriar Pourreza
Guggenheim

Neutral

$91

Maintains

Aug 2, 2024
Sarah Akers
Wells Fargo

Equal-Weight

$105

Maintains

Aug 2, 2024
Nicholas Campanella
Barclays

Underweight

$92

Downgrade

Jul 22, 2024
William Appicelli
UBS

Neutral

$96

Maintains

Jul 19, 2024
David Arcaro
Morgan Stanley

Underweight

$76

Maintains

Jun 24, 2024
David Arcaro
Morgan Stanley

Underweight

$80

Maintains

May 28, 2024
Anthony Crowdell
Mizuho

Neutral

$95

Maintains

May 28, 2024
Nicholas Campanella
Barclays

Equal-Weight

$97

Maintains

May 7, 2024
Sarah Akers
Wells Fargo

Equal-Weight

$97

Maintains

May 3, 2024
Andrew Weisel
Scotiabank

Sector Underperform

$85

Maintains

Apr 22, 2024

ED Company Information

What They Do: Provides regulated electric, gas, and steam services.

Business Model: The company operates in regulated utility sectors, delivering electricity, gas, and steam to millions of customers. It generates revenue primarily through the sale of these utilities to industrial, commercial, residential, and government clients, ensuring a steady income stream from its established customer base.

Other Information: Founded in 1823, Consolidated Edison, Inc. serves approximately 3.7 million electric customers and 1.1 million gas customers in New York City and surrounding areas. The company also manages extensive infrastructure, including transmission lines and substations, and invests in transmission projects to enhance service reliability.
ED
Consolidated Edison Inc (ED)

When did it IPO

1970

Staff Count

14,592

Country

United States

Sector/Industry

Utilities/Utilities - Regulated Electric

CEO

Mr. Timothy P. Cawley

Market Cap

$33.62B

Consolidated Edison Inc (ED) Financial Data

In 2023, ED generated $14.66B in revenue, which was a decrease of -6.43% from the previous year. This can be seen as a signal that ED's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$12.25B

Revenue From 2021

$13.68B

11.68 %
From Previous Year

Revenue From 2022

$15.67B

14.58 %
From Previous Year

Revenue From 2023

$14.66B

-6.43 %
From Previous Year
  • Revenue TTM $15.03B
  • Operating Margin TTM 21.2%
  • Gross profit TTM $7.41B
  • Return on assets TTM 3.2%
  • Return on equity TTM 8.6%
  • Profit Margin 12.3%
  • Book Value Per Share 63.29%
  • Market capitalisation $33.62B
  • Revenue for 2021 $13.68B
  • Revenue for 2022 $15.67B
  • Revenue for 2023 $14.66B
  • EPS this year (TTM) $5.32

Consolidated Edison Inc (ED) Latest News

News Image

Fri, 08 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - ED's Q3 earnings exceeded the Zacks Consensus Estimate by 7.7%, while revenues surpassed expectations by 1.9%.

Why It Matters - ED's strong earnings and revenue beat indicate robust financial health, potentially driving stock prices up and attracting investor interest.

News Image

Sun, 10 Nov 2024

Sentiment - POSITIVE

Source - Seeking Alpha

Summary - November's top Aristocrat dividend stocks include Franklin Resources, Amcor, Hormel, and Kenvue. Analysts project net gains of 12.5% to 20.12% by November 2025, with NextEra Energy and Target leading.

Why It Matters - The news highlights high-yielding dividend stocks, suggesting potential capital gains and attractive income opportunities, which could drive investor interest and influence portfolio strategies.

News Image

Thu, 07 Nov 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Consolidated Edison reported Q3 2024 net income of $588 million ($1.70/share), up from $526 million ($1.53/share) in Q3 2023. Adjusted earnings also increased to $583 million ($1.68/share).

Why It Matters - Con Edison reported increased net income and adjusted earnings per share for Q3 2024, signaling strong financial performance and potential for future growth, impacting stock valuation and investor confidence.

News Image

Thu, 07 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Con Ed (ED) reported its quarterly performance for September 2024; comparisons with Wall Street estimates and previous year metrics may provide additional insights.

Why It Matters - Comparing Con Ed's performance against Wall Street estimates and prior year results helps investors gauge growth, profitability, and market expectations, influencing stock valuation and future investment decisions.

News Image

Thu, 31 Oct 2024

Sentiment - NEGATIVE

Source - Zacks Investment Research

Summary - Con Ed (ED) is not expected to achieve a likely earnings beat in its upcoming report due to a lack of key performance indicators. Investors should prepare for this outcome.

Why It Matters - Con Ed's lack of favorable conditions for an earnings beat may signal weaker performance, potentially impacting stock prices and investor sentiment.

News Image

Thu, 24 Oct 2024

Sentiment - NEUTRAL

Source - Zacks Investment Research

Summary - Investors are comparing Avista (AVA) and Consolidated Edison (ED) for value in the Utility - Electric Power sector. Analysis needed to determine which stock offers better value.

Why It Matters - The comparison of Avista and Consolidated Edison highlights potential investment opportunities, influencing decisions based on value assessment and stock performance in the utility sector.

...

ED Frequently asked questions

The highest forecasted price for ED is $116 from Ryan Levine at Citigroup.

The lowest forecasted price for ED is $88 from from Barclays

The ED analyst ratings consensus are 1 buy ratings, 7 hold ratings, and 6 sell ratings.