Consolidated Edison (ED) Earning Somewhat Favorable Press Coverage, Analysis Finds

News coverage about Consolidated Edison (NYSE:ED) has been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring 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 0.10 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 46.2187711742472 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

Shares of Consolidated Edison (ED) traded down $0.99 during midday trading on Thursday, hitting $78.28. The company’s stock had a trading volume of 2,490,000 shares, compared to its average volume of 1,680,000. The company has a market capitalization of $24,270.00, a PE ratio of 19.62, a PEG ratio of 9.25 and a beta of 0.10. Consolidated Edison has a 12 month low of $72.13 and a 12 month high of $89.70. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.70 and a current ratio of 0.79.

Consolidated Edison (NYSE:ED) last issued its quarterly earnings data on Thursday, November 2nd. The utilities provider reported $1.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.07). The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.14 billion. Consolidated Edison had a net margin of 10.42% and a return on equity of 8.42%. During the same period in the previous year, the business posted $1.51 earnings per share. equities analysts forecast that Consolidated Edison will post 4.1 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 14th will be issued a dividend of $0.715 per share. This is a boost from Consolidated Edison’s previous quarterly dividend of $0.69. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.65%. Consolidated Edison’s dividend payout ratio (DPR) is presently 69.17%.

ED has been the topic of a number of recent research reports. Guggenheim reiterated a “hold” rating and set a $88.00 price target on shares of Consolidated Edison in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Consolidated Edison from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Wednesday, January 3rd. ValuEngine upgraded shares of Consolidated Edison from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. JPMorgan Chase & Co. initiated coverage on shares of Consolidated Edison in a research note on Friday, January 12th. They set an “underweight” rating and a $78.00 price target on the stock. Finally, Bank of America initiated coverage on shares of Consolidated Edison in a research note on Tuesday, October 24th. They set a “buy” rating and a $92.00 price target on the stock. Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $80.29.

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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).

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