Consolidated Edison (ED) remains a focal point for investors, with Hedge Funds considering this seasoned dividend aristocrat as undervalued. Recently proving its financial strength, ED beat third quarter profit expectations due to higher rates. This New York City utility firm offers potential high single digit returns with low risk. Turning to strategy, a SWOT analysis of Consolidated Edison reveals a formidable position. In spite of recent controversies over pricing and billing systems, the company's
stock performance remains resilient, even attracting bullish sentiments from Jim Cramer and other analysts. It manages to sustain a
59% return over three years, evidencing a solid trajectory for investors. In addition, ED continues to strengthen its focus on a clean energy future. The company has also secured a $700 million credit agreement, demonstrating its continued financial agility amidst market fluctuations. With a recently announced common share offering that includes a forward component, ED further consolidates its status as a dividend king. Looking ahead, the company is expecting to present new rate plans for 2025-2027.
Consolidated Edison ED News Analytics from Thu, 15 Feb 2024 08:00:00 GMT to Sat, 28 Dec 2024 15:00:49 GMT -
Rating 7
- Innovation -5
- Information 9
- Rumor -4
