The recent market news about
Consolidated Edison, Inc. (NYSE:ED) displays a tumultuous period for this energy provider. Significant focus has been placed on the company's proposed
double-digit rate hikes, which have been fiercely resisted by the public and state officials. The ongoing saga featuring Governor Hochul's adamant defense for rate payers and her demand for an
audit on management compensation has dominated the conversation. In spite of this, the company's stock made a significant move as it recently broke out above the
200-Day Moving Average.The company is projected to announce their
quarterly earnings on Thursday, which Wall Street analysts are carefully monitoring due to expectations that earnings may decline. In other news, company plans have been revealed to launch a
7M Share Public Offering to fund subsidiary growth through 2025. On a promising note, Con Edison announced a noticeable increase to their
annual dividend, extending their record streak. Various financial groups and firms have also varied their share holdings in the company.
Consolidated Edison ED News Analytics from Thu, 02 May 2024 07:00:00 GMT to Sat, 15 Feb 2025 17:26:18 GMT -
Rating 0
- Innovation -2
- Information 5
- Rumor -7
