Consolidated Edison (ED) Receiving Somewhat Positive Press Coverage, Report Finds

Media headlines about Consolidated Edison (NYSE:ED) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Consolidated Edison earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 45.9739531299544 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

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

A number of research firms have issued reports on ED. Morgan Stanley decreased their price objective on Consolidated Edison from $80.00 to $74.00 and set an “underweight” rating for the company in a report on Tuesday. UBS Group started coverage on Consolidated Edison in a report on Friday, February 2nd. They issued a “neutral” rating and a $80.00 price objective for the company. ValuEngine upgraded Consolidated Edison from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Zacks Investment Research raised Consolidated Edison from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. initiated coverage on Consolidated Edison in a research report on Friday, January 12th. They set an “underweight” rating and a $78.00 price objective on the stock. Four analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $81.32.

Shares of Consolidated Edison (NYSE:ED) traded down $0.59 during mid-day trading on Wednesday, hitting $76.44. The stock had a trading volume of 1,140,693 shares, compared to its average volume of 2,353,276. The company has a quick ratio of 0.70, a current ratio of 0.79 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $23,999.32, a price-to-earnings ratio of 19.09, a PEG ratio of 9.06 and a beta of 0.03. Consolidated Edison has a fifty-two week low of $72.63 and a fifty-two week high of $89.70.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 14th will be given a dividend of $0.715 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $2.86 dividend on an annualized basis and a yield of 3.74%. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.69. Consolidated Edison’s dividend payout ratio is currently 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).

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