Consolidated Edison (ED), a top-ranked safe dividend stock, has shown a mixed performance in recent years with its three-year earnings growth lagging but providing decent returns for shareholders. In fact, ED has outperformed its competitors on numerous trading day, impressing investors and warranting a new price target of $97.00 by Wells Fargo. The company's Q1 and Q3 2023 earnings surprisingly surpassed market estimates, even with a year-over-year decline in revenues. The corporation is heavily dominated by institutional shareholders, with a 68% ownership of the firm’s shares. On the downside, there have been concerns about the slowing rates of return and the company's return on equity (ROE) is perceived as unimpressive at 12%. The firm's steady dividend growth continues, albeit at a minimal rate. In terms of partnerships, Con Edison has several ongoing initiatives to train New York's workforce in the realm of clean energy. This includes a major $1.2 billion clean-energy project recently sought approval.
Consolidated Edison ED News Analytics from Mon, 05 Jun 2023 07:00:00 GMT to Fri, 10 May 2024 18:00:00 GMT -
Rating 1
- Innovation -6
- Information 2
- Rumor -2
