Consolidated Edison (ED) continues to make significant strides in the market, announcing a
public offering of common shares and a
follow-on equity offering of 6.3 million common shares. This move comes as part of the company's ambitious plans, and it bodes well for investors with the company earning a
93 RS rating indicative of leading performance in the market. This move also leans towards ED's financial stability as it continues to build its
$71B portfolio aimed at reshaping the energy markets. The company has announced an increase to its
annual dividend, making it $3.40 per share, speaking volumes to its
financial performance. However, Con Edison also faces a pushback regarding its
proposed rate hikes, which are deemed too high and are causing concerns of affordability amongst its customer base. As the company prepares to
meet with investors in March 2025, insights from these meetings will be key to understanding how the company plans to manoeuvre through these challenges whilst maintaining its financial standing in the market. Moreover, the company is largely controlled by
institutional shareholders who own a majority percent of the company, bolstering its stability in the stock market.
Consolidated Edison ED News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Fri, 04 Apr 2025 16:10:11 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor -6
