Consolidated Edison Inc. (ED) has been showing a fluctuating market trend with mixed performances, as per a series of recent updates. The company had beat Q2 estimates and declared a common stock dividend, though it has often underperformed in comparison to competitors on some trading days. Major investment firms like Cetera Advisors, Tidal Investments, and DNB Asset Management have bolstered their positions in the company, but others like EverSource Advisors and Cwm LLC have reduced their holdings. ED announced the retirement of CFO Robert Hoglund, subsequently succeeded by Kirkland Andrews. The price target for ED has been raised by multiple institutions, making it an attractive choice for potential income investors. Yet, issues of worker strife and debt load have cast shadows over the company’s prospects. Inside sales activity and a looming heatwave that could strain resources add further complications. The company's efforts in climate resiliency and a proposed $1.2 billion clean city project have painted it in a potentially positive light. However, the company also faces criticism over its response to growing needs amidst the city's extreme weather.
Consolidated Edison ED News Analytics from Thu, 19 Oct 2023 07:00:00 GMT to Thu, 08 Aug 2024 11:17:07 GMT -
Rating 0
- Innovation -1
- Information 7
- Rumor -3
