Consolidated Edison (ED) stock has had a rollercoaster trajectory, resulting in adjustments in price targets by Morgan Stanley and other firms. Conducting their
Annual Shareholder Meeting and setting a series of investor conferences, Con Edison has been transparent about its financial standing, including announcing Q1 2025 earnings and strong financial results. Stepping up its game in the industry, Con Edison sees its
relative strength rating rise to 77, addressing the market with a public offering of common shares and showing potential as a safe dividend stock. Con Edison incorporated negative feedback from New Yorkers against proposed rate hikes and dealt with allegations of workplace harassment. Their aggressive investment in
reliability and transmission lines for meeting power demands proved beneficial as they managed to beat expectations for Q3 earnings. The company launched RFP for bulk energy storage projects, aligned with the
dividend growth and low PE ratios. Despite the opposing views on rate hikes, ED stock garnered positive reactions from market leaders, paving way for
passive income opportunities for investors. Reports indicate
institutional shareholders hold 72% of the company, suggesting substantial control over the company's future trajectory. Amidst criticism, the stock still reached an all-time high of $107.8 but received a blow as the shares went down by 3.05% on May 12.
Consolidated Edison ED News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Thu, 22 May 2025 22:21:16 GMT -
Rating -1
- Innovation -3
- Information 7
- Rumor -5
