Consolidated Edison (ED) is projected to
outperform in 2025 and beyond, showing potential for future growth. The company has faced challenges, notably a loss of power to 21K customers during a severe storm. Investors have been drawn by consistent
dividend declarations and a stock dividend of $0.85 set per share. The utility giant's
earnings are expected to grow, further enhancing its appeal to shareholders. Governor Kathy Hochul ordered an audit of Con Ed as utility rates soared, attracting criticism. Amid high temperatures, Con Edison urged customers to
conserve power. Significant volatility is expected ahead of the Q1 earnings reveal. The company is also proposing a
rate hike that has sparked opposition from residents and public officials. Despite this controversy, the stock remains a dependable investment owing to its regular dividends and strong institutional shareholding. Con Edison's increasing focus on reliability projects and potentially attractive price target also contribute to its credibility. Conversely, raising too much debt and the negative public sentiment from proposed rate hikes pose challenges.
Consolidated Edison ED News Analytics from Thu, 07 Nov 2024 08:00:00 GMT to Sat, 26 Jul 2025 15:43:00 GMT -
Rating 6
- Innovation -2
- Information 8
- Rumor -4
