Consolidated Edison (NYSE: ED), the energy giant with $69B in assets, is showing strong performance in the market, outperforming competitors on trading days. Acquisitions are taking place, with shares purchased by major asset management firms such as
Hennessy Advisors Inc., Gateway Investment Advisers LLC, and Assenagon Asset Management S.A. It continues to post impressive dividends, with a recent declaration of a
quarterly dividend of $0.85 and an annual increase to $3.40 per share, marking its 51st consecutive year of dividend growth. Despite recent criticism regarding pricing, analysts like Jim Cramer remain bullish on the company, citing its above-average high-single-digit returns with minimal risk.
Con Ed also appears to focus on
clean energy as the way forward, as detailed in their webcast. Furthermore, their Q3 earnings beat estimates, with revenues continuing to rise Year over Year. However, some warn of the company's debt load and recent debentures sales. With the company announcing new rate plans for 2025-2027, they remain a favorite among institutional investors.
Consolidated Edison ED News Analytics from Thu, 15 Feb 2024 08:00:00 GMT to Sat, 18 Jan 2025 13:38:18 GMT -
Rating 9
- Innovation 8
- Rumor 2
