Consolidated Edison, Inc. (NYSE:ED), the $15B revenue utility giant, has had a busy period. With a Q2 2025 Earnings Release scheduled for August 7, there has been a lot of focus on the company's moves. However, proposed rate hikes from Con Edison have left residents in Westchester County, Staten Island, and other regions concerned. The company's rate hike dilemma is viewed as indicative of a broader crossroads in the utility sector. Despite this, institutional investors continue to favor the company, owning 72% of the shares. Public hearings have been opened for Con Edison's proposed rate hikes, leading to fiery pushback from the public and AARP NY calling on state regulators to reject the $2 billion energy rate increase. Amid all these, Con Edison has urged its customers to conserve power during heavy heatwaves. While Q1 earnings missed estimates, revenues rose year-on-year. The company announced a public offering of common shares as well as investing in reliability, with major projects in Brooklyn and Staten Island.
Con Edison set multiple investor conferences and adjusted its price target. Despite some negative sentiment due to the rate hike proposals, the company's stock has hit an all-time high of $107.8, further consolidating its position as a favored amongst institutional investors.
Consolidated Edison ED News Analytics from Fri, 11 Oct 2024 07:00:00 GMT to Fri, 11 Jul 2025 14:28:16 GMT -
Rating 2
- Innovation -1
- Information 8
- Rumor -6
