News coverage about Consolidated Edison (NYSE:ED) has been trending somewhat positive on Monday, Accern Sentiment reports. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Consolidated Edison earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.720205535145 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
Consolidated Edison stock traded down $0.10 during trading hours on Monday, reaching $78.46. 2,282,577 shares of the stock were exchanged, compared to its average volume of 2,211,540. The company has a market capitalization of $24,384.79, a price-to-earnings ratio of 19.18, a PEG ratio of 4.60 and a beta of 0.05. The company has a quick ratio of 0.65, a current ratio of 0.72 and a debt-to-equity ratio of 0.96. Consolidated Edison has a twelve month low of $73.73 and a twelve month high of $89.70.
Consolidated Edison (NYSE:ED) last announced its quarterly earnings data on Thursday, February 15th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The firm had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.64 billion. Consolidated Edison had a net margin of 12.67% and a return on equity of 8.51%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. sell-side analysts expect that Consolidated Edison will post 4.27 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 14th were paid a dividend of $0.715 per share. This represents a $2.86 dividend on an annualized basis and a yield of 3.65%. This is an increase from Consolidated Edison’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Tuesday, February 13th. Consolidated Edison’s dividend payout ratio is presently 69.93%.
A number of equities analysts recently commented on ED shares. ValuEngine raised shares of Consolidated Edison from a “hold” rating to a “buy” rating in a research report on Wednesday, March 28th. Zacks Investment Research lowered shares of Consolidated Edison from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. JPMorgan Chase started coverage on shares of Consolidated Edison in a research report on Friday, January 12th. They set an “underweight” rating and a $78.00 price target on the stock. UBS started coverage on shares of Consolidated Edison in a research report on Friday, February 2nd. They set a “neutral” rating and a $80.00 price target on the stock. Finally, Morgan Stanley lowered their price target on shares of Consolidated Edison from $80.00 to $74.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 13th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $81.32.
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Consolidated Edison Company Profile
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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