Consolidated Edison, Inc. (NYSE:ED) is a strong contender within the electric utilities sector. Controlled by institutional shareholders, who own
72% of the company, ConEd is a must-consider option for investors banking on dividend returns. Despite seasonal fluctuations, the company has consistently surpassed earnings and revenue estimates, in part due to successful rate hikes. It is regarded as an attractive investment avenue with
potential high-single-digit returns with low risk. Despite some public pushback on double-digit rate hike proposals, ConEd conducts routine price adjustments in line with operational costs and has sought approval for additional raises. With an eye on clean energy, ConEd's senior executives often participate in investor meetings to address queries and shape future directions. The company recently launched a $500 million revolving credit and a
public offering of 6.3 million common shares, following a remarkable Q4 earning season. Consequently, Wall Street sentiments towards ConEd are generally positive with stock prices expected to rise. Analysts are bullish about the stock's continued outperformance against the S&P 500. However, potential legal payouts could impact share values, evidenced by the recent settlement of a $750K workplace discrimination case.
Consolidated Edison ED News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Fri, 28 Mar 2025 20:30:30 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor 1
