Consolidated Edison (ED) is experiencing a mixed bag of events. Though its
stock underperformed compared to competitors on some days, it surpassed estimates and had a strong trading day on others. There has been significant activity concerning the company's shares, with financial groups like
Commerce Bank,
EverSource Wealth Advisors LLC,
Savant Capital LLC, and several others actively trading shares. ED's
Q1 earnings beat estimates, though revenues declined year-over-year. An interesting development is Mizuho's and Morgan Stanley's increase of ED's
price target to $95 and $80 respectively. Directly concerning the company's
financial management, ED has declared common stock dividends multiple times and is planning on attending
Investor Meetings in Europe, indicating future growth strategies. Con Ed's plan to invest
$20 billion in Transmission and climate resiliency through 2028, indicates its determination towards renewable sources. Despite reduced recommendation from brokerages, investors witnessed a 26% return over the last three years.
Consolidated Edison ED News Analytics from Thu, 03 Aug 2023 07:00:00 GMT to Thu, 30 May 2024 02:38:40 GMT -
Rating 1
- Innovation 4
- Information 8
- Rumor 3
