Amid a mix of news pertaining to Consolidated Edison Inc. (NYSE:ED), key points to note are threefold. Firstly, the energy company has seen a wave of dividend declarations and growing investment interest, for instance, Prudential PLC acquiring additional shares of the firm and Vest Financial LLC raising stakes. Secondly, there have been serious concerns raised over overcharging for natural gas services and sharp hike in delivery charges. Congressman Ritchie Torres has voiced out for an inquiry. Finally, the company has posted favourable outcomes for Q1 and Q2 Earnings topping estimates, validating positive anticipation by Wall Street analysts for the firm's annual results. Yet, there's a divergence in the views of analysts towards the stock. Transparency on institutional ownership has been evident with the stated 68% dominance. However, that dominance could point towards reduced diversity in ConEd's investor base. There's an imminent leadership transition with the retirement of Robert Hoglund and Kirkland Andrews taking over as CFO. ConEd has also been strengthening its workforce, evident from its tentative deal with utility workers averting strikes.
Consolidated Edison ED News Analytics from Wed, 04 Oct 2023 07:00:00 GMT to Fri, 13 Sep 2024 14:36:46 GMT - Rating 1 - Innovation -5 - Information 2 - Rumor 3
