Principal Securities Inc. has acquired 4521 shares in
Consolidated Edison, Inc. (NYSE:ED), and
AGF Management Ltd. has sold 11,553 of its shares in the company. Meanwhile, Consolidated Edison's executives are to attend various
financial conferences in 2024. The company's dividend yield is 3.4% and its
quarterly earnings for both Q1 and Q3 2024 outperformed estimates, despite revenues decreasing year-on-year. Nevertheless, the company's
three-year earnings growth trailed expected shareholder returns and its Return on Equity was weaker than the energy industry's average.
Analysts have mixed reviews about Consolidated Edison's performance, with some suggesting an increase in earnings is necessary before the company's shares steady. The company's stock outperformed competitors on multiple occasions and experienced a strong trading day. Furthermore, it has been suggested that Consolidated Edison should be added to investment
portfolios now. The company's shares are largely owned by institutional investors, representing 68% of all shares. Looking forward, it is imperative for the company to clear balances and continue improving its dividends at a better rate to maintain profitability.
Consolidated Edison ED News Analytics from Mon, 05 Jun 2023 07:00:00 GMT to Thu, 16 May 2024 10:56:27 GMT -
Rating 0
- Innovation -2
- Information 6
- Rumor -3
