Consolidated Edison Inc(ED) is having a Dividend Yield of 3.74% with the Annual cash Dividend per share of $2.68. The last quarter cash dividend per share pay out was $0.67. Consolidated Edison Inc has a 5 year average dividend yield of 4.07% and the stock has a Indicated annual dividend of $2.76. Consolidated Edison Inc(ED) formally announced its most recent dividend on January 19, 2017 with a Dividend per share of $0.69. The new indicated annual dividend based on announced dividend per share is $2.76. The dividend yield based on the forward looking indicated annual dividend is 3.74%. Consolidated Edison Inc(ED) has the most recent dividend payout ratio of 0.66 with a 5-year average payout ratio of 0.65. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.01. The 5 year historical dividend growth of Consolidated Edison Inc(ED) is at the rate of 2.53% while the R-Squared dividend growth is 0.95. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Consolidated Edison Inc (NYSE:ED) rose 0.8% or 0.59 points on Thursday and made its way into the gainers of the day. After trading began at $73.68 the stock was seen hitting $74.49 as a peak level and $73.53 as the lowest level. The stock ended up at $74.29. The daily volume was measured at 2,953,033 shares. The 52-week high of the share price is $81.88 and the 52-week low is $68.44. The company has a market cap of $22,638 million. Shares of Consolidated Edison, Inc. rose by 0.8% in the last five trading days and 0.74% for the last 4 weeks. Consolidated Edison, Inc. is up 6.25% in the last 3-month period. Year-to-Date the stock performance stands at 1.77%.
Currently the company Insiders own 0.16% of Consolidated Edison Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -1.19% . Institutional Investors own 53.92% of Consolidated Edison Inc shares. During last six month period, the net percent change held by insiders has seen a change of -0.06%. Company has reported several Insider transactions to the SEC, on Feb 3, 2017, Robert Muccilo (VP & Chief Accounting Officer) purchased 27 shares at 73.16 per share price.On Feb 3, 2017, Gurudatta D Nadkarni (VP, Strategic Planning) purchased 28 shares at 73.16 per share price.On Feb 3, 2017, Joseph P Oates (President & CEO, CET) purchased 8 shares at 73.16 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Consolidated Edison was Initiated by Credit Suisse to Underperform on Jan 25, 2017.
Consolidated Edison Last issued its quarterly earnings results on Feb 16, 2017. The company reported $0.67 EPS for the quarter. Analyst had a consensus estimate of $0.67. The company had revenue of $2707.00 million for the quarter, compared to analysts expectations of $2571.75 million. During the same quarter in the previous year, the company posted $0.60 EPS.
Consolidated Edison, Inc. is one of the nations largest investor-owned energy companies. The company provides a wide range of energy- related products and services to its customers through regulated utility subsidiaries and competitive energy and telecommunications businesses.