Envestnet Portfolio Solutions Inc. purchased
3494 additional shares of
Consolidated Edison Inc. (ED). This comes as the latest sign of increasing interest from investors, and coincides with anticipation for
Q1 earnings release. Various reports cite reasons to add ED to one's portfolio, citing its rank as a top
safe dividend stock with a 3.4% yield. However, shareholders' expected 26% return over the last three years may hinder excitement, with reports of slowing return rates. ED recently had a bullish rating following its
Q3 earnings, which surpassed estimates but saw slight decline in revenues compared to last year. The company has announced that it will increase its
dividend to $0.83, while the heavily institutional-owned entity is due to attend
investor meetings in Europe and various conferences. After
net income drops for Q3 2023, there was improved performance in Q4. However, its dividend rate is growing minimally while it continues to outperform competitors on a strong trading day
Consolidated Edison ED News Analytics from Mon, 05 Jun 2023 07:00:00 GMT to Sun, 19 May 2024 10:34:27 GMT -
Rating 3
- Innovation 2
- Information 8
- Rumor -4
