Consolidated Edison (ED) continues to lead significant electrification projects, reporting expected growth in earnings and declaring consistent dividends backed by secure revenues. However, proposals for double-digit rate hikes in 2026 have been met with significant backlash from New York residents and Governor Kathy Hochul. Despite the controversies, Wall Street analysts are bullish on the stock, citing its consistent performance and high dividend yields. ED plans to meet with investors in a series of conferences, revealing key details about their business strategies. Projects for improved reliability and infrastructure development are underway, with Con Edison investing heavily in these areas. While the company has reported missed estimates for their Q1 earnings, they have also announced a public offering of common shares, which signifies investor confidence. As institutional shareholders control 72% of the company, Con Edison manifests as a key player among electric utility stocks promising potential high-single-digit returns with low risk.
Consolidated Edison ED News Analytics from Thu, 01 Aug 2024 07:00:00 GMT to Thu, 12 Jun 2025 22:55:56 GMT -
Rating 3
- Innovation -2
- Information 6
- Rumor -5
