Consolidated Edison, Inc. has seen significant activity recently, attracting investment and attention. Assetmark Inc. increased its share position, reflecting positive sentiment towards the utility company. The company's strong Q3 2024 earnings beat estimates, credited largely to the rise in service rates, although Barclays subsequently lowered ED's price target to $99. BUt the company's Q3 earnings still impressed, outperforming some competitors on the day. Further, Consolidated Edison declared a common stock dividend, one among several measures championed by the company to ensure shareholder value. On the innovation front, Con Edison spearheads clean energy ventures with a webcast presentation on its future endeavors scheduled for October 8 and collaboration with First Student to bring solar microgrid to New York. Despite criticism regarding high charges and allegations of price gouging, Citi branded it a 'Buy' from 'Neutral' as the company positions for accelerated earnings growth. Consolidated Edison is thus seemingly on course for steady progress despite a few speed bumps.
Consolidated Edison ED News Analytics from Mon, 15 Jan 2024 17:45:58 GMT to Sat, 09 Nov 2024 13:36:12 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor 4
