Consolidated Edison, Inc. (NYSE:ED) announced a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Wednesday, November 13th will be given a dividend of 0.74 per share by the utilities provider on Monday, December 16th. This represents a $2.96 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Tuesday, November 12th.
NYSE:ED opened at $87.92 on Friday. The stock has a market cap of $29.36 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 10.23 and a beta of 0.04. The firm’s fifty day simple moving average is $92.28 and its 200 day simple moving average is $88.68. Consolidated Edison has a twelve month low of $73.29 and a twelve month high of $94.97. The company has a quick ratio of 0.56, a current ratio of 0.58 and a debt-to-equity ratio of 1.01.
Consolidated Edison (NYSE:ED) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.04). The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.50 billion. Consolidated Edison had a return on equity of 7.92% and a net margin of 10.98%. During the same quarter in the previous year, the firm earned $1.57 EPS. On average, analysts expect that Consolidated Edison will post 4.32 EPS for the current fiscal year.
A number of equities analysts recently issued reports on the stock. KeyCorp upped their price target on shares of Consolidated Edison from $98.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Credit Suisse Group dropped their price target on shares of Consolidated Edison from $90.00 to $89.00 and set an “underperform” rating on the stock in a research note on Tuesday, November 5th. Mizuho upgraded shares of Consolidated Edison from a “neutral” rating to a “buy” rating and upped their price target for the stock from $93.00 to $98.00 in a research note on Friday, October 25th. Bank of America upped their price target on shares of Consolidated Edison from $99.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, ValuEngine cut shares of Consolidated Edison from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Consolidated Edison has an average rating of “Hold” and a consensus target price of $92.51.
Consolidated Edison Company Profile
Consolidated Edison, Inc, through its subsidiaries, engages in 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 1,622 customers in parts of Manhattan.
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