Consolidated Edison (ED) has been drawing increased interest in the market, due to a series of significant developments. Dividend Aristocrats have recently spotlighted the company as it has managed to surpass earnings estimates in Q1. More importantly, the people who invested in Consolidated Edison three years ago have seen a 41% increase in value. Simultaneously, the company's stocks have been continually sold by Asset Management companies such as 1832 Asset Management L.P., Shell Asset Management Co., and Prudential PLC. Remarkably, the NY regulator has approved Con Edison's $1.2 billion clean city project. The strategic SWOT insights suggest that the company has advantages regarding ownership with 68% of the shares being heavily dominated by institutional owners. Despite this, its growth trails decent shareholder returns. However, with Con Edison having solid projections and plans through 2028 to invest $20 billion in Climate Resiliency and TX, its overall performance is optimistic and promising.
Consolidated Edison ED News Analytics from Fri, 21 Jul 2023 07:00:00 GMT to Sun, 09 Jun 2024 19:04:07 GMT - Rating 6 - Innovation 7 - Information 8 - Rumor 4
