Consolidated Edison, an electric utility stock, has been categorized amongst the best to invest in and has shown performance trends outpacing the S&P 500. Following its Q4 earnings and revenue surpassing estimates, the company increased its dividend streak with a 51st annual increase to $3.40 per share. The company's executives plan to meet with investors in March 2025, possibly shedding light on their $71B portfolio's potential to reshape energy markets. However, the request for rate hikes has met significant opposition from customers and lawmakers, leading to calls for regulatory intervention and passing the NY HEAT Act to protect New Yorkers from potential $300/month bills. Consolidated Edison also has a forward sale agreement for 7 million shares and recently broke out above the 200-Day Moving Average indicating a possible bullish future. Notwithstanding the company's financial performance, the company is leaning towards a green energy future, with proposed energy storage projects and a $1.2 billion project underpinning the sentiment.
Consolidated Edison ED News Analytics from Sun, 23 Jun 2024 07:00:00 GMT to Fri, 21 Mar 2025 16:26:19 GMT -
Rating 5
- Innovation 6
- Information 7
- Rumor -3
