Consolidated Edison (ED) has been the subject of some major news updates recently. For instance, the firm has agreed to devise new
rate plans, spurred by a substantial
$17 billion investment which is expected to dictate future prospects. Meanwhile, the shares of the energy giant were bought by notable firms such as
Sienna Gestion,
Atria Investments Inc, and many more. The company has also witnessed a sturdy
share performance and presents an appealing
valuation. It topped its Q3 earnings and revenue estimates, revealing an EPS of $1.91 and net income of $688 million. Also, there have been reports of Consolidated Edison initiating new billion dollar substation in Canarsie. While there is a strong consensus that the company is a steady
dividend performer, reports indicate a possible
rate hike. Notwithstanding, the firm's
steady growth, coupled with its
reliable dividend performance, make it a strong value stock for the long term.
Analysts' estimates for the firm's Q3 earnings were exceeded, reflecting its potential for the future.
Consolidated Edison ED News Analytics from Fri, 14 Feb 2025 08:00:00 GMT to Sat, 08 Nov 2025 12:25:42 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor -5
