The past week saw a 4.3% loss for institutional investors in Consolidated Edison, Inc. (NYSE:ED), although long-term gains were still prevalent. Announcements for common stock dividends were made while there was a raising of the price target by Barclays, despite an underweight rating. The multinational energy company's Q1 earnings date is anticipated to reveal their financial strength despite potential controversy surrounding the company's use of debt.
A report of control via institutional ownership of around 72% of the shares is observed. Also, it seems amongst the best dividend aristocrat stocks to buy now. Jim Cramer admiration for ED as a steady investment adds weight to its appeal. There are concerns, however, involving allegations of pervasive workplace harassment and a rise in necessities in the energy retail sector.
New Yorkers have expressed considerable opposition against Con Edison's double-digit rate hike, prompting governmental involvement and initiatives aiming for greater accountability for NY ratepayers. With Proposals for bulk energy storage projects launched, potential growth seems attainable.
Consolidated Edison ED News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Fri, 09 May 2025 13:00:14 GMT - Rating 2 - Innovation 0 - Information 3 - Rumor -4
