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Consolidated Edison ED - News Analyzed: 3,838 - Last Week: 98 - Last Month: 492

β‡— Consolidated Edison (NYSE: ED) showcased growth and strong investor back-up amidst pricing scrutiny

Consolidated Edison (NYSE: ED) showcased growth and strong investor back-up amidst pricing scrutiny
Consolidated Edison Inc. (ED) has had a strong performance in recent years with investors seeing returns of 48%, and its short interest down by 11% in August. It also showed improved relative strength and maintained dividends, resulting in being classified as a dividend aristocrat. The company's quarterly earnings reports indicate financial health with revenues rising and earnings surpassing estimates. Despite questioning of pricing policies raised by Rep. Ritchie Torres and forthcoming investigation, the company is strongly backed by institutional investors who hold a 68% share in the company which is seen as a positive sign. The utility company has made significant leadership transitions recently, including the retirement of CFO Robert Hoglund, to continue maintaining its robust financial performance. It is actively engaging investors and has a series of investor meetings lined up in Europe. Con Edison is now focused on a $1.2 billion clean city project, a move that not only diversifies its portfolio but also strengthens its commitment towards sustainability. However, some analysts have downgraded the stock citing overvaluation.

Consolidated Edison ED News Analytics from Wed, 04 Oct 2023 07:00:00 GMT to Mon, 02 Sep 2024 00:01:52 GMT - Rating 5 - Innovation -2 - Information 8 - Rumor -5

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