Consolidated Edison (ED) is set to pay a dividend of $0.85 per share with numerous articles debating the intrinsic value of the utility giant. The company's projected quarterly dividend makes it an attractive SAFE dividend stock with a yield of 3.4%. However, despite the positive sentiment, there are various discussions around the future price movements of the stock and its potential to become a multi-bagger. A recent fire at a Con Edison plant and the implications of a clustered heatwave have heightened debates about the company's reliability and defensive strength. The proposed rate hikes have caused concern amongst Westchester County residents. With further details on their revenue and earning expected, potential investors are urged to follow the company closely. Institutional investors favor the company, however the recent price target downgrade by KeyBanc provides mixed reviews. The company will be under scrutiny as it sets a date for its Q1 earning reveal in 2025. Further to this, Con Edison faces hurdles with an increased demand for investment into major reliability projects and the potential for rate hikes. Despite these debates, it remains a top electric utility option.
Consolidated Edison ED News Analytics from Fri, 11 Oct 2024 07:00:00 GMT to Fri, 18 Jul 2025 12:45:00 GMT - Rating 6 - Innovation 2 - Information 7 - Rumor 4
