Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Consolidated Edison (ED) Share Price

News articles about Consolidated Edison (NYSE:ED) have been trending somewhat positive this week, according to Accern. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Consolidated Edison earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news articles about the utilities provider an impact score of 46.2185029469285 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

ED has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Consolidated Edison from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Jefferies Group reiterated a “hold” rating and set a $83.50 price target on shares of Consolidated Edison in a research report on Thursday, August 31st. KeyCorp reiterated a “hold” rating on shares of Consolidated Edison in a research report on Friday, October 20th. Morgan Stanley increased their price target on shares of Consolidated Edison from $78.00 to $80.00 and gave the company an “underweight” rating in a research report on Friday, September 8th. Finally, Bank of America initiated coverage on shares of Consolidated Edison in a research report on Tuesday, October 24th. They set a “buy” rating and a $92.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $80.32.

Shares of Consolidated Edison (ED) traded down $0.12 during trading on Thursday, hitting $84.79. 1,461,020 shares of the stock traded hands, compared to its average volume of 1,528,669. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.79 and a quick ratio of 0.70. Consolidated Edison has a 1 year low of $72.13 and a 1 year high of $89.70. The company has a market capitalization of $26,529.48, a PE ratio of 21.34, a price-to-earnings-growth ratio of 10.46 and a beta of 0.10.

Consolidated Edison (NYSE:ED) last issued its earnings results on Thursday, November 2nd. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.07). Consolidated Edison had a return on equity of 8.42% and a net margin of 10.42%. The firm had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same quarter in the prior year, the business posted $1.51 EPS. analysts forecast that Consolidated Edison will post 4.09 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Tuesday, November 14th. Consolidated Edison’s dividend payout ratio is 69.00%.

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About Consolidated Edison

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).

Insider Buying and Selling by Quarter for Consolidated Edison (NYSE:ED)

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