Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,576 customers in parts of Manhattan. It also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. The company operates 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 89,673 in-service line transformers; 3,729 pole miles of overhead distribution lines; and 2,210 miles of underground distribution lines, as well as 4,341 miles of mains and 377,490 service lines for natural gas distribution. In addition, it owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. The company primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.
IPO Year:
Exchange: NYSE
Website: conedison.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/4/2024 | Underweight → Sector Weight | KeyBanc Capital Markets | |
1/3/2024 | $92.50 | Neutral | Ladenburg Thalmann |
10/17/2023 | $96.00 → $94.00 | Underweight → Equal Weight | Wells Fargo |
8/23/2023 | $88.00 | Equal Weight | Barclays |
7/21/2023 | $92.00 → $103.00 | Neutral → Buy | BofA Securities |
6/8/2023 | $88.00 | Sell | Goldman |
3/22/2023 | $104.00 | Hold → Buy | Argus |
1/24/2023 | $76.00 → $92.00 | Underperform → In-line | Evercore ISI |
1/9/2023 | $91.00 → $98.00 | Buy → Neutral | Mizuho |
11/30/2022 | Underperform → Neutral | BofA Securities |
NEW YORK , July 18, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) declared a quarterly dividend of 83 cents a share on its common stock, payable September 16, 2024 to stockholders of record as of August 14, 2024. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues and $67 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric service in New York City and New York's Westchester County, gas s
NEW YORK, July 11, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) plans to report its 2nd Quarter 2024 earnings on August 1, 2024 after the market closes. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues and $67 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westche
NEW YORK, June 10, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) and Consolidated Edison Company of New York, Inc. (CECONY) today announced that Robert Hoglund plans to retire from the role of the Chief Financial Officer on July 8, 2024, and will continue to serve as Senior Vice President of Con Edison and CECONY to provide for a smooth transition until his retirement later in 2024. As part of the company's succession plan, Kirkland B. Andrews will succeed Robert Hoglund as Senior Vice President and Chief Financial Officer, effective July 8, 2024. Mr. Andrews joins Con Edison from Evergy, Inc. (NASDAQ:EVRG), where he served as Executive Vice President and Chief Fina
Kirk Andrews to depart as CFO; Geoffrey Ley appointed acting CFO Evergy, Inc. (NASDAQ:EVRG) announced today the departure of Executive Vice President and Chief Financial Officer (CFO) Kirk Andrews. Andrews will leave to become CFO at Consolidated Edison, Inc (NYSE:ED). Evergy has named Geoffrey Ley, vice president, corporate planning and treasurer, as acting CFO, effective when Andrews leaves the company on June 21, 2024. Ley will serve as acting CFO while the company conducts an internal and external search for the role. Ley joined the company in 2021 and will continue with his current responsibilities in addition to serving as acting CFO. Prior to Evergy, Ley was vice president and ch
NEW YORK, May 15, 2024 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE:ED) executives will meet with investors at various conferences during May and June 2024. A copy of Con Edison's investor presentation for these meetings can be found on the Presentations & Webcasts page of the Company's Investor Relations website. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues and $67 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated util
NEW YORK, May 2, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) today reported 2024 first quarter net income for common stock of $720 million or $2.08 a share compared with $1,433 million or $4.06 a share in the 2023 first quarter. Adjusted earnings were $742 million or $2.15 a share in the 2024 period compared with $645 million or $1.83 a share in the 2023 period. Adjusted earnings and adjusted earnings per share in the 2024 period exclude the effects of hypothetical liquidation at book value (HLBV) accounting for tax equity investments and adjustments to the gain and other impacts related to the sale of its former subsidiary, Con Edison Clean Energy Businesses, Inc.
NEW YORK, April 18, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) declared a quarterly dividend of 83 cents a share on its common stock, payable June 14, 2024 to stockholders of record as of May 15, 2024. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues and $66 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric service in New York City and New York's Westchester County, gas service i
NEW YORK, April 11, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) plans to report its 1st Quarter 2024 earnings on May 2, 2024 after the market closes. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues and $66 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchest
NEW YORK, March 20, 2024 /PRNewswire/ -- Consolidated Edison, Inc. ("Con Edison") (NYSE:ED) Chairman & CEO Tim Cawley will meet with investors in Europe during the week of March 25 to 28, 2024. As part of the meetings, management will discuss its recent Q4 and FY 2023 financial results and business strategy, including Con Edison's clean energy future. A copy of Con Edison's latest investor presentation for these meetings can be found on the Presentations & Webcasts page of the Company's Investor Relations website. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues and $66 billion in assets. The
NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) today reported 2023 net income for common stock of $2,519 million or $7.25 a share compared with $1,660 million or $4.68 a share in 2022. Adjusted earnings (non-GAAP) were $1,762 million or $5.07 a share in the 2023 period compared with $1,620 million or $4.57 a share in 2022. Adjusted earnings and adjusted earnings per share in the 2023 and 2022 periods exclude the effects of hypothetical liquidation at book value (HLBV) accounting for tax equity investments, the gain and other impacts related to the sale of its former subsidiary, Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses), t
8-K - CONSOLIDATED EDISON INC (0001047862) (Filer)
S-8 - CONSOLIDATED EDISON INC (0001047862) (Filer)
8-K - CONSOLIDATED EDISON INC (0001047862) (Filer)
8-K - CONSOLIDATED EDISON INC (0001047862) (Filer)
8-K - CONSOLIDATED EDISON INC (0001047862) (Filer)
8-K - CONSOLIDATED EDISON INC (0001047862) (Filer)
10-Q - CONSOLIDATED EDISON INC (0001047862) (Filer)
DEFA14A - CONSOLIDATED EDISON INC (0001047862) (Filer)
DEF 14A - CONSOLIDATED EDISON INC (0001047862) (Filer)
8-K - CONSOLIDATED EDISON INC (0001047862) (Filer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
3 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
4 - CONSOLIDATED EDISON INC (0001047862) (Issuer)
NEW YORK, June 10, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) and Consolidated Edison Company of New York, Inc. (CECONY) today announced that Robert Hoglund plans to retire from the role of the Chief Financial Officer on July 8, 2024, and will continue to serve as Senior Vice President of Con Edison and CECONY to provide for a smooth transition until his retirement later in 2024. As part of the company's succession plan, Kirkland B. Andrews will succeed Robert Hoglund as Senior Vice President and Chief Financial Officer, effective July 8, 2024. Mr. Andrews joins Con Edison from Evergy, Inc. (NASDAQ:EVRG), where he served as Executive Vice President and Chief Fina
KeyBanc Capital Markets upgraded Con Edison from Underweight to Sector Weight
Ladenburg Thalmann initiated coverage of Con Edison with a rating of Neutral and set a new price target of $92.50
Wells Fargo upgraded Con Edison from Underweight to Equal Weight and set a new price target of $94.00 from $96.00 previously
Barclays initiated coverage of Con Edison with a rating of Equal Weight and set a new price target of $88.00
BofA Securities upgraded Con Edison from Neutral to Buy and set a new price target of $103.00 from $92.00 previously
Goldman initiated coverage of Con Edison with a rating of Sell and set a new price target of $88.00
Argus upgraded Con Edison from Hold to Buy and set a new price target of $104.00
Evercore ISI upgraded Con Edison from Underperform to In-line and set a new price target of $92.00 from $76.00 previously
Mizuho downgraded Con Edison from Buy to Neutral and set a new price target of $98.00 from $91.00 previously
BofA Securities upgraded Con Edison from Underperform to Neutral
SC 13G/A - CONSOLIDATED EDISON INC (0001047862) (Subject)
SC 13G/A - CONSOLIDATED EDISON INC (0001047862) (Subject)
SC 13G/A - CONSOLIDATED EDISON INC (0001047862) (Subject)
SC 13G/A - CONSOLIDATED EDISON INC (0001047862) (Subject)
SC 13G/A - CONSOLIDATED EDISON INC (0001047862) (Subject)
SC 13G/A - CONSOLIDATED EDISON INC (0001047862) (Subject)
SC 13G/A - CONSOLIDATED EDISON INC (0001047862) (Subject)
SC 13G/A - CONSOLIDATED EDISON INC (0001047862) (Subject)
SC 13G - CONSOLIDATED EDISON INC (0001047862) (Subject)
NEW YORK , July 18, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) declared a quarterly dividend of 83 cents a share on its common stock, payable September 16, 2024 to stockholders of record as of August 14, 2024. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues and $67 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric service in New York City and New York's Westchester County, gas s
Kirk Andrews to depart as CFO; Geoffrey Ley appointed acting CFO Evergy, Inc. (NASDAQ:EVRG) announced today the departure of Executive Vice President and Chief Financial Officer (CFO) Kirk Andrews. Andrews will leave to become CFO at Consolidated Edison, Inc (NYSE:ED). Evergy has named Geoffrey Ley, vice president, corporate planning and treasurer, as acting CFO, effective when Andrews leaves the company on June 21, 2024. Ley will serve as acting CFO while the company conducts an internal and external search for the role. Ley joined the company in 2021 and will continue with his current responsibilities in addition to serving as acting CFO. Prior to Evergy, Ley was vice president and ch
NEW YORK, May 2, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) today reported 2024 first quarter net income for common stock of $720 million or $2.08 a share compared with $1,433 million or $4.06 a share in the 2023 first quarter. Adjusted earnings were $742 million or $2.15 a share in the 2024 period compared with $645 million or $1.83 a share in the 2023 period. Adjusted earnings and adjusted earnings per share in the 2024 period exclude the effects of hypothetical liquidation at book value (HLBV) accounting for tax equity investments and adjustments to the gain and other impacts related to the sale of its former subsidiary, Con Edison Clean Energy Businesses, Inc.
NEW YORK, April 18, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) declared a quarterly dividend of 83 cents a share on its common stock, payable June 14, 2024 to stockholders of record as of May 15, 2024. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $15 billion in annual revenues and $66 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric service in New York City and New York's Westchester County, gas service i
NEW YORK, Feb. 15, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) today reported 2023 net income for common stock of $2,519 million or $7.25 a share compared with $1,660 million or $4.68 a share in 2022. Adjusted earnings (non-GAAP) were $1,762 million or $5.07 a share in the 2023 period compared with $1,620 million or $4.57 a share in 2022. Adjusted earnings and adjusted earnings per share in the 2023 and 2022 periods exclude the effects of hypothetical liquidation at book value (HLBV) accounting for tax equity investments, the gain and other impacts related to the sale of its former subsidiary, Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses), t
Dividend Increases for 50th Consecutive Year NEW YORK, Jan. 18, 2024 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) declared a quarterly dividend of 83 cents a share on its common stock, payable March 15, 2024 to stockholders of record as of February 14, 2024, an annualized increase of 8 cents over the previous annualized dividend of $3.24 a share. "The 50th consecutive annual increase for stockholders, the longest period of consecutive annual dividend increases of any utility in the S&P 500 index, reflects our continued emphasis on providing a return to our investors while meeting the needs of our customers during the clean energy transition," said Robert Hoglund, Con Edis
NEW YORK, Aug. 3, 2023 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) today reported 2023 second quarter net income for common stock of $226 million or $0.65 a share compared with $255 million or $0.72 a share in the 2022 second quarter. Adjusted earnings (non-GAAP) were $210 million or $0.61 a share in the 2023 period compared with $228 million or $0.64 a share in the 2022 period. Adjusted earnings and adjusted earnings per share in the 2023 and 2022 periods exclude the effects of hypothetical liquidation at book value (HLBV) accounting for tax equity investments and the related tax impact on the parent company. Adjusted earnings and adjusted earnings per share in the 2023
NEW YORK, July 20, 2023 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) declared a quarterly dividend of 81 cents a share on its common stock, payable September 15, 2023 to stockholders of record as of August 16, 2023. Consolidated Edison, Inc. is one of the nation's largest investor-owned energy-delivery companies, with approximately $16 billion in annual revenues and $63 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric service in New York City and New York's Westchester County, gas se
Company Seeks to Deliver 100 Percent Clean Energy, Supports Electrification of Buildings and Transportation, Offers Robust Energy Efficiency Programs NEW YORK, May 15, 2023 /PRNewswire/ -- Con Edison Chairman and CEO Tim Cawley spoke optimistically about the company's future as a leader of the region's transition to clean energy. The company continues to deliver industry-leading service reliability to its customers and strong, stable returns for shareholders while building a grid to provide 100 percent clean energy by 2040, Cawley told shareholders today at the company's virtual annual meeting. Con Edison, which celebrated its bicentennial in March, also has a diverse and inclusive workforc
NEW YORK, May 4, 2023 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) today reported 2023 first quarter net income for common stock of $1,433 million or $4.06 a share compared with $602 million or $1.70 a share in the 2022 first quarter. Adjusted earnings were $645 million or $1.83 a share in the 2023 period compared with $522 million or $1.47 a share in the 2022 period. Adjusted earnings and adjusted earnings per share in the 2023 period exclude the gain and other impacts related to the sale of Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses). Adjusted earnings and adjusted earnings per share in the 2023 and 2022 periods exclude the effects of hypothet
UBS analyst William Appicelli maintains Consolidated Edison (NYSE:ED) with a Neutral and raises the price target from $92 to $96.
Morgan Stanley analyst David Arcaro maintains Consolidated Edison (NYSE:ED) with a Underweight and lowers the price target from $80 to $76.
Consolidated Edison, Inc. (Con Edison) (NYSE:ED) and Consolidated Edison Company of New York, Inc. (CECONY) today announced that Robert Hoglund plans to retire from the role of the Chief Financial Officer on July 8, 2024, and will continue to serve as Senior Vice President of Con Edison and CECONY to provide for a smooth transition until his retirement later in 2024. As part of the company's succession plan, Kirkland B. Andrews will succeed Robert Hoglund as Senior Vice President and Chief Financial Officer, effective July 8, 2024. Mr. Andrews joins Con Edison from Evergy, Inc. (NASDAQ:EVRG), where he served as Executive Vice President and Chief Financial Officer. Mr. Andrews will report
Morgan Stanley analyst David Arcaro maintains Consolidated Edison (NYSE:ED) with a Underweight and raises the price target from $73 to $80.
Mizuho analyst Anthony Crowdell maintains Consolidated Edison (NYSE:ED) with a Neutral and raises the price target from $93 to $95.
Barclays analyst Nicholas Campanella maintains Consolidated Edison (NYSE:ED) with a Equal-Weight and raises the price target from $89 to $97.
Wells Fargo analyst Sarah Akers maintains Consolidated Edison (NYSE:ED) with a Equal-Weight and raises the price target from $93 to $97.
Consolidated Edison (NYSE:ED) reported quarterly earnings of $2.15 per share which beat the analyst consensus estimate of $1.88 by 14.36 percent. This is a 17.49 percent increase over earnings of $1.83 per share from the same period last year. The company reported quarterly sales of $4.28 billion which missed the analyst consensus estimate of $4.40 billion by 2.73 percent. This is a 2.79 percent decrease over sales of $4.40 billion the same period last year.
If you were asked at the beginning of 2024 to imagine the top sectors of the S&P 500 for the first four months of the year, you’d likely have pegged technology and consumer services as the frontrunners, leaving others far behind. If someone had told you that utilities, the underperformers of 2023 with a 7% drop, would outperform the tech sector, you’d probably have thought they were pulling your leg. Against all odds, here we are. Since the start of the year, tech is now up 2.6%, while utilities surged over 8%. Amid market pullbacks over the past month, utilities emerged as the unlikely victors, defying the prevailing trend and surging in year-to-date performance rankings against