Consolidated Edison (ED) continues to outperform competitors and surpasses estimates with Q2 earnings and revenues. Despite some underperformance on certain trading days, the company maintains strong trading patterns. Its stock remains a popular choice among institutional investors, representing 68% ownership. Various financial firms, including Atomi Financial Group, Keynote Financial Services, and Janus Henderson Group, continue to adjust their holdings in the company, highlighting its continuously evolving position in the market. The company also declared a common stock dividend, reinforcing its attractiveness to income investors. The firm is also engaged in resiliency efforts, with plans to invest $20B in transmission and climate resilience through 2028. However, issues such as meter mix-ups and controversies involving worker wages in extreme weather conditions present challenges. A significant leadership transition occurred with the retirement of Robert Hoglund, succeeded by Kirkland Andrews as CFO. Notably, the New York regulator approved Con Edison's $1.2 billion clean city project.
Consolidated Edison ED News Analytics from Thu, 19 Oct 2023 07:00:00 GMT to Sun, 04 Aug 2024 10:36:37 GMT -
Rating 5
- Innovation -2
- Information 4
- Rumor 2
