Media stories about Consolidated Edison (NYSE:ED) have been trending somewhat positive on Monday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Consolidated Edison earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news headlines about the utilities provider an impact score of 47.0672872788046 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Low-Risky stock to Watch: Consolidated Edison, Inc. (ED) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Latimer renews call for utility resignations: ‘There was failure on the streets of this county’ – Westfair Online (westfaironline.com)
- Latimer ‘tired of excuses,’ calls for resignations of Con Ed, NYSEG execs – Westfair Online (westfaironline.com)
- Consolidated Edison (ED) vs. Public Service Enterprise Group (PEG) Financial Analysis (americanbankingnews.com)
- Hair-Raising Facts to Know – Consolidated Edison Inc (NYSE: ED) – Alpha Beta Stock (alphabetastock.com)
ED has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Consolidated Edison from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. initiated coverage on shares of Consolidated Edison in a research note on Friday, January 12th. They issued an “underweight” rating and a $78.00 target price on the stock. UBS Group initiated coverage on shares of Consolidated Edison in a research note on Friday, February 2nd. They issued a “neutral” rating and a $80.00 target price on the stock. ValuEngine raised shares of Consolidated Edison from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Morgan Stanley cut their target price on shares of Consolidated Edison from $80.00 to $74.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 13th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Consolidated Edison has an average rating of “Hold” and a consensus target price of $81.32.
Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, February 15th. The utilities provider reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.02. Consolidated Edison had a net margin of 12.67% and a return on equity of 8.51%. The business had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter last year, the firm posted $0.69 EPS. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. equities analysts forecast that Consolidated Edison will post 4.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 14th will be paid a dividend of $0.715 per share. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $2.86 annualized dividend and a yield of 3.78%. Consolidated Edison’s payout ratio is 13.03%.
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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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