Consolidated Edison, Inc. with ticker code (ED) now have 13 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The range between the high target price and low target price is between 103 and 70 and has a mean target at $89.31. Now with the previous closing price of $96.68 this indicates there is a potential downside of -7.6%. The 50 day moving average now sits at $93.65 while the 200 day moving average is $93.93. The total market capitalization for the company now stands at $33,906m. Visit the company website at: https://www.conedison.com
The potential market cap would be $31,321m based on the market consensus.
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.6 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 1,530 customers in parts of Manhattan. The company 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. In addition, it operates 543 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 87,951 in-service line transformers; 3,869 pole miles of overhead distribution lines; and 2,320 miles of underground distribution lines, as well as 4,359 miles of mains and 377,741 service lines for natural gas distribution. Further, the company owns, develops, and operates 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. It 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.
The company has a dividend yield of 3.35% with the ex dividend date set at 14-2-2023 (DMY).
Other points of data to note are a P/E ratio of 21, revenue per share of 44.2 and a 2.82% return on assets.
