Media coverage about Consolidated Edison (NYSE:ED) has trended somewhat positive recently, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Consolidated Edison earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 46.5648712352466 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the headlines that may have effected Accern’s scoring:
- Edison International (NYSE:EIX) Stock Price Up as Sentiment Improves (nismagazine.com)
- Duke Energy's New Plant to Offer 9MW Solar Power to Florida (finance.yahoo.com)
- Heavyweights offer sweeping changes to Puerto Rico’s grid – E&E News (eenews.net)
- AES Corp to Return More to Shareholders, Ups Dividend by 8.3% (finance.yahoo.com)
- What the sentiment indicator is Signaling: Henry Schein, Inc. (HSIC), Consolidated Edison, Inc. (ED) – Market Movers (financialqz.com)
ED has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Consolidated Edison from $78.00 to $80.00 and gave the stock an “underweight” rating in a research note on Friday, September 8th. Zacks Investment Research upgraded Consolidated Edison from a “hold” rating to a “buy” rating and set a $95.00 target price on the stock in a research note on Monday, September 11th. KeyCorp restated a “hold” rating on shares of Consolidated Edison in a research note on Friday, October 20th. Jefferies Group restated a “hold” rating and issued a $83.50 target price on shares of Consolidated Edison in a research note on Thursday, August 31st. Finally, Bank of America assumed coverage on Consolidated Edison in a research note on Tuesday, October 24th. They issued a “buy” rating and a $92.00 price objective on the stock. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $80.32.
Consolidated Edison (NYSE:ED) last posted its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.07). Consolidated Edison had a net margin of 10.42% and a return on equity of 8.42%. The firm had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.14 billion. During the same quarter in the previous year, the company posted $1.51 EPS. equities analysts anticipate that Consolidated Edison will post 4.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $2.76 annualized dividend and a yield of 3.14%. Consolidated Edison’s payout ratio is 69.00%.
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Consolidated Edison Company Profile
Consolidated Edison, Inc (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc (CECONY), Orange and Rockland Utilities, Inc (O&R), Con Edison Clean Energy Businesses, Inc (the Clean Energy Businesses) and Con Edison Transmission, Inc (Con Edison Transmission).
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