Consolidated Edison (ED) is making significant moves within the market as indicated by the recent
public offering of 6.3 million common shares and the proposed double-digit rate hike. The public offering and anticipated rise in electricity bills have raised concerns among customers and regulators. The company is set to meet with investors in 2025 to discuss these financial developments and strategize on the future of the company.
ED also received pushback from New Yorkers who are stressed by the current prices and are apprehensive of the proposed rate adjustments. Governmental figures like Governor
Kathy Hochul stepped in, directing the state agency to reject the proposed rate hikes and called for an audit of executive compensation following the proposed hikes. Despite the controversies, the company sustains its reputed dividend streak with a 51st annual increase.
Wall Street shows mixed reviews on ED stock, and the company recently broke out above the 200-day moving average.
The company wraps up the fiscal year reporting 2024 earnings, declaring dividends and striving to meet key technical measures.
Consolidated Edison ED News Analytics from Thu, 18 Jul 2024 07:00:00 GMT to Fri, 07 Mar 2025 17:07:08 GMT -
Rating -2
- Innovation -5
- Information 5
- Rumor -5
