The Consolidated Edison Inc. (ED) stock has been experiencing a variety of changes in recent months. The company's Director John Killian sold some shares, while the firm announced a common stock dividend and attended investor meetings in Europe. The company's ownership is 68% held by institutional owners. Consolidated Edison has been in the news for power outages on Staten Island, with hundreds affected. Despite this, the company has committed to spend $2.3 billion on NY grid reliability in the summer.
Consolidated Edison's Q1 earnings surpassed estimates. There have been several reasons suggested for adding Consolidated Edison to portfolios, not least of which is recent stock performance: those who invested three years ago have seen a 41% increase. The company also reported 2023 earnings, and its investors got a 26% return over the last three years. The company's shares outperformed competitors on trading days. The company is investing in training New York's clean energy workforce and has seen favorable returns of 47% over the past three years. However, the ROE is weaker than industry peers and the rates of return have been termed 'slowing'.
Consolidated Edison ED News Analytics from Mon, 05 Jun 2023 07:00:00 GMT to Thu, 23 May 2024 23:01:16 GMT - Rating 2 - Innovation -5 - Information 7 - Rumor -7
