Consolidated Edison (ED) Receives Media Impact Score of 0.51
Press coverage about Consolidated Edison (NYSE:ED) has trended very positive on Friday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog 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 media sentiment score of 0.51 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- How To YieldBoost Consolidated Edison From 3.2% To 9.4% Using Options (nasdaq.com)
- Sell-Side Research on American Express Company (AXP), Consolidated Edison, Inc. (ED) – StockNewsMagazine (stocknewsmagazine.com)
- ETFs with exposure to Consolidated Edison, Inc. : June 22, 2017 (finance.yahoo.com)
- Solar Power Comes To The Columbia Metropolitan Airport (investorideas.com)
- Overview of Different Indicators: Yum! Brands, Inc. (YUM), Consolidated Edison, Inc. (ED) – AllStockNews (allstocknews.com)
Shares of Consolidated Edison (ED) traded up 0.2730% during mid-day trading on Friday, hitting $84.4299. The company had a trading volume of 171,349 shares. Consolidated Edison has a 12 month low of $68.76 and a 12 month high of $85.13. The firm has a 50-day moving average of $81.60 and a 200-day moving average of $76.94. The company has a market cap of $25.78 billion, a PE ratio of 19.4449 and a beta of 0.08.
Consolidated Edison (NYSE:ED) last released its quarterly earnings data on Thursday, May 4th. The utilities provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.08. The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.05 billion. Consolidated Edison had a return on equity of 9.05% and a net margin of 10.90%. During the same period last year, the business posted $1.18 EPS. On average, analysts expect that Consolidated Edison will post $4.09 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Wednesday, May 17th were paid a $0.69 dividend. The ex-dividend date of this dividend was Monday, May 15th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.28%. Consolidated Edison’s dividend payout ratio (DPR) is currently 63.59%.
A number of research analysts have weighed in on ED shares. Zacks Investment Research upgraded shares of Consolidated Edison from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Thursday, June 1st. Jefferies Group LLC cut shares of Consolidated Edison from a “buy” rating to a “hold” rating and cut their price target for the stock from $88.00 to $83.50 in a report on Tuesday, June 13th. BMO Capital Markets restated a “hold” rating and issued a $80.00 price target on shares of Consolidated Edison in a report on Friday, May 5th. Deutsche Bank AG upped their price target on shares of Consolidated Edison from $72.00 to $74.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. Finally, Morgan Stanley upped their price objective on shares of Consolidated Edison from $77.00 to $78.00 and gave the stock an “underweight” rating in a research note on Monday, May 8th. Four equities research analysts have rated the stock with a sell rating and nine have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $76.96.
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In other Consolidated Edison news, Director Linda S. Sanford acquired 900 shares of the stock in a transaction on Wednesday, May 17th. The stock was purchased at an average price of $79.74 per share, for a total transaction of $71,766.00. Following the purchase, the director now directly owns 8,748 shares in the company, valued at $697,565.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders bought 954 shares of company stock valued at $76,036. Insiders own 0.20% of the company’s stock.
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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