Consolidated Edison (ED) has been heavily covered in the recent news events. It is said
ED has made an
agreement to divest its interest in the Mountain Valley Pipeline, leading to various reactions across the board while it has been advised to maintain neutrality by UBS.
Customer outrage grows louder over the proposed rate hikes, yet after the rate case, Con Edison's Q3
electric revenues rose up by 10.6%. Shareholders of
Consolidated Edison (NYSE:ED) have enjoyed an
11% CAGR for the last five years. Featuring potent institutional backing with 72% ownership, recent earning reports and revenue estimates did fairly well. Several rating agencies have, though, been cautious, leading to
downgraded price targets.
New board members were elected, and there is increasing
scrutiny over its New York grid reliability.
Barclays and JP Morgan continue to maintain their underweight recommendation while Wells Fargo rates it with equal weight. The launch of Con Ed's billion-dollar substation and efforts to lower proposed rate hikes have been recognized. However, challenges still face with public pushback and rate issues.
Consolidated Edison ED News Analytics from Thu, 20 Feb 2025 08:00:00 GMT to Fri, 02 Jan 2026 17:32:04 GMT -
Rating 4
- Innovation 5
- Information 6
- Rumor 3
