Consolidated Edison is set to invest $1.2 billion in clean energy projects from 2022 to 2024, coinciding with a 0.4% increase in its 2022 earnings per share estimate. This comes as the company’s shares have surged 31.6% in the past six months, underpinned by an average earnings surprise of 1.4%. With a robust market capitalization of $34 billion and a solid dividend yield of 3.3%, Consolidated Edison is positioning itself for sustained growth despite a low percentage of buy recommendations from analysts.
“Consolidated Edison's long-term earnings growth · is pegged at · percentage · 2%”
“Consolidated Edison's 2022 earnings per share estimate · has moved up · percentage · 0.4%”
“Consolidated Edison · has a market capitalization of · $34 billion · true”
“Consolidated Edison · delivered an average earnings surprise of · 1.4% · true”
“ED shares · have rallied · 31.6% in six months · true”
“Consolidated Edison · plans to invest in clean energy projects of · $1.2 billion during 2022-2024 · true”
“dividend yield for Consolidated Edison · is pegged at · 3.3% · true”
“ED · has a debt to capital of · 53.1% · true”
“ROE for Consolidated Edison · is · 7.6% · true”
“Consolidated Edison, Inc. · plans to report · its 1st Quarter 2022 earnings · May 5, 2022 after the market closes”
“Consolidated Edison, Inc. · is one of · the nation's largest investor-owned energy-delivery companies · approximately $14 billion in annual revenues and $63 billion in assets”
“Consolidated Edison Company of New York, Inc. (CECONY) · provides · 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”