Consolidated Edison Set to Report Earnings Soon
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 hours ago
0mins
Should l Buy ED?
Source: Fool
- Earnings Release Date: Consolidated Edison will report its fourth-quarter and full-year earnings on February 19, and investors must own shares by February 18 to qualify for the upcoming dividend payment, which could influence buying decisions.
- Earnings Expectations: The company reported adjusted earnings of $4.82 per share through Q3, with projections for Q4 earnings between $0.78 and $0.88, indicating that despite the upward revision of guidance, stock movement post-earnings may be limited.
- Dividend Growth: The latest declared dividend is $0.8875 per share, annualized to $3.40, reflecting a 4.6% increase, which extends the company's dividend growth streak to 52 years, solidifying its position on the Dividend Kings list.
- Market Reaction: Although the stock has rallied over 17% in recent months due to falling interest rates and expectations of increased electricity demand, significant price movement post-earnings may be unlikely, prompting investors to consider their timing carefully.
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Analyst Views on ED
Wall Street analysts forecast ED stock price to fall
10 Analyst Rating
1 Buy
4 Hold
5 Sell
Moderate Sell
Current: 111.720
Low
86.00
Averages
102.00
High
118.00
Current: 111.720
Low
86.00
Averages
102.00
High
118.00
About ED
Consolidated Edison, Inc. is an energy-delivery company. The Company, through its subsidiaries, Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and Con Edison Transmission, Inc., provides a range of energy-related products and services to its customers. CECONY is a regulated utility providing electric service in New York City and New York’s Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan. O&R and its utility subsidiary, Rockland Electric Company, provide electric service to customers in southeastern New York and northern New Jersey, a 1,300 square mile service area. O&R delivers gas to customers in southeastern New York. Con Edison Transmission, Inc. falls primarily under the oversight of the Federal Energy Regulatory Commission and manages, through joint ventures, both electric and gas assets while seeking to develop electric transmission projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Consolidated Edison Set to Report Earnings Soon
- Earnings Release Date: Consolidated Edison will report its fourth-quarter and full-year earnings on February 19, and investors must own shares by February 18 to qualify for the upcoming dividend payment, which could influence buying decisions.
- Earnings Expectations: The company reported adjusted earnings of $4.82 per share through Q3, with projections for Q4 earnings between $0.78 and $0.88, indicating that despite the upward revision of guidance, stock movement post-earnings may be limited.
- Dividend Growth: The latest declared dividend is $0.8875 per share, annualized to $3.40, reflecting a 4.6% increase, which extends the company's dividend growth streak to 52 years, solidifying its position on the Dividend Kings list.
- Market Reaction: Although the stock has rallied over 17% in recent months due to falling interest rates and expectations of increased electricity demand, significant price movement post-earnings may be unlikely, prompting investors to consider their timing carefully.
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- Market Performance: Equities experienced a decline last week, with all three major indexes falling by at least 1.2%.
- Economic Indicators: This downturn occurred despite a better-than-expected jobs report from the Bureau of Labor Statistics and a relatively stable inflation report.
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Consolidated Edison Increases Quarterly Dividend by 4.4%
- Dividend Increase: Consolidated Edison has declared a quarterly dividend of $0.8875 per share, representing a 4.4% increase from the previous $0.8500, reflecting the company's ongoing commitment to stable cash flow and shareholder returns.
- Yield Analysis: This dividend adjustment results in a forward yield of 3.37%, providing investors with a relatively attractive return rate, thereby enhancing market interest in the stock.
- Shareholder Arrangement: The dividend will be payable on March 16, with a record date of February 18 and an ex-dividend date also on February 18, ensuring shareholders receive timely returns and further solidifying investor confidence.
- Market Environment Challenges: Despite facing pressure from New York regulators who slashed its rate request by over 85%, Consolidated Edison demonstrates resilience and adaptability in a complex market environment through its dividend growth.
See More
Consolidated Edison Declares Quarterly Dividend Increase
- Dividend Increase: Consolidated Edison announced a quarterly dividend of 88.75 cents per share, reflecting a 15-cent increase over the previous annualized dividend of $3.40, demonstrating the company's ongoing commitment to investor returns during the clean energy transition.
- Consecutive Increase Record: This dividend marks the 52nd consecutive annual increase, solidifying its position as the utility with the longest streak of dividend increases in the S&P 500, indicating strong financial performance and market confidence.
- Dividend Payout Ratio Target: The company continues to target a dividend payout ratio between 55% and 65% of adjusted earnings, ensuring financial flexibility while providing stable returns to shareholders amid future market challenges.
- Forward-Looking Statement: The company’s forward-looking statement indicates that actual results may differ materially due to various factors, emphasizing its commitment to transparency and compliance, ensuring investors are aware of potential risks.
See More
Con Edison Declares Quarterly Dividend Increase
- Dividend Increase: Con Edison declared a quarterly dividend of 88.75 cents per share, reflecting a 15-cent increase over the previous annualized dividend of $3.40, demonstrating the company's ongoing commitment to investor returns during the clean energy transition.
- Consecutive Growth Record: This marks the 52nd consecutive annual dividend increase, solidifying Con Edison's record for the longest streak of consecutive dividend increases among utilities in the S&P 500, thereby boosting investor confidence.
- Dividend Payout Ratio Target: The company maintains a target dividend payout ratio of 55% to 65% of adjusted earnings, ensuring a balance between providing reliable service and maintaining a healthy financial position.
- Forward-Looking Statement: The press release includes a forward-looking statement indicating that actual results may differ materially from expectations due to various factors, underscoring the company's commitment to transparency and compliance.
See More
UBS Increases Target Price for Consolidated Edison Inc. to $112, Up from $108
Company Overview: Consolidated Edison Inc. (Con Edison) is a major energy company serving the New York City area.
Recent Financial Update: The company has raised its price target for shares from $108 to $112, indicating positive market expectations.
See More
Consolidated Edison Set to Report Earnings Soon
- Earnings Release Date: Consolidated Edison will report its fourth-quarter and full-year earnings on February 19, and investors must own shares by February 18 to qualify for the upcoming dividend payment, which could influence buying decisions.
- Earnings Expectations: The company reported adjusted earnings of $4.82 per share through Q3, with projections for Q4 earnings between $0.78 and $0.88, indicating that despite the upward revision of guidance, stock movement post-earnings may be limited.
- Dividend Growth: The latest declared dividend is $0.8875 per share, annualized to $3.40, reflecting a 4.6% increase, which extends the company's dividend growth streak to 52 years, solidifying its position on the Dividend Kings list.
- Market Reaction: Although the stock has rallied over 17% in recent months due to falling interest rates and expectations of increased electricity demand, significant price movement post-earnings may be unlikely, prompting investors to consider their timing carefully.
See More
Key Companies to Monitor This Week: PCE, Walmart, Palo Alto, Analog Devices, Deere, and Others
- Market Performance: Equities experienced a decline last week, with all three major indexes falling by at least 1.2%.
- Economic Indicators: This downturn occurred despite a better-than-expected jobs report from the Bureau of Labor Statistics and a relatively stable inflation report.
See More
Consolidated Edison Increases Quarterly Dividend by 4.4%
- Dividend Increase: Consolidated Edison has declared a quarterly dividend of $0.8875 per share, representing a 4.4% increase from the previous $0.8500, reflecting the company's ongoing commitment to stable cash flow and shareholder returns.
- Yield Analysis: This dividend adjustment results in a forward yield of 3.37%, providing investors with a relatively attractive return rate, thereby enhancing market interest in the stock.
- Shareholder Arrangement: The dividend will be payable on March 16, with a record date of February 18 and an ex-dividend date also on February 18, ensuring shareholders receive timely returns and further solidifying investor confidence.
- Market Environment Challenges: Despite facing pressure from New York regulators who slashed its rate request by over 85%, Consolidated Edison demonstrates resilience and adaptability in a complex market environment through its dividend growth.
See More
Consolidated Edison Declares Quarterly Dividend Increase
- Dividend Increase: Consolidated Edison announced a quarterly dividend of 88.75 cents per share, reflecting a 15-cent increase over the previous annualized dividend of $3.40, demonstrating the company's ongoing commitment to investor returns during the clean energy transition.
- Consecutive Increase Record: This dividend marks the 52nd consecutive annual increase, solidifying its position as the utility with the longest streak of dividend increases in the S&P 500, indicating strong financial performance and market confidence.
- Dividend Payout Ratio Target: The company continues to target a dividend payout ratio between 55% and 65% of adjusted earnings, ensuring financial flexibility while providing stable returns to shareholders amid future market challenges.
- Forward-Looking Statement: The company’s forward-looking statement indicates that actual results may differ materially due to various factors, emphasizing its commitment to transparency and compliance, ensuring investors are aware of potential risks.
See More
Con Edison Declares Quarterly Dividend Increase
- Dividend Increase: Con Edison declared a quarterly dividend of 88.75 cents per share, reflecting a 15-cent increase over the previous annualized dividend of $3.40, demonstrating the company's ongoing commitment to investor returns during the clean energy transition.
- Consecutive Growth Record: This marks the 52nd consecutive annual dividend increase, solidifying Con Edison's record for the longest streak of consecutive dividend increases among utilities in the S&P 500, thereby boosting investor confidence.
- Dividend Payout Ratio Target: The company maintains a target dividend payout ratio of 55% to 65% of adjusted earnings, ensuring a balance between providing reliable service and maintaining a healthy financial position.
- Forward-Looking Statement: The press release includes a forward-looking statement indicating that actual results may differ materially from expectations due to various factors, underscoring the company's commitment to transparency and compliance.
See More
UBS Increases Target Price for Consolidated Edison Inc. to $112, Up from $108
Company Overview: Consolidated Edison Inc. (Con Edison) is a major energy company serving the New York City area.
Recent Financial Update: The company has raised its price target for shares from $108 to $112, indicating positive market expectations.
See More
