Consolidated Edison (ED) has delivered a substantial earnings surprise of $1.90 per share, outpacing the $1.76 consensus estimate by 7.95%. The utility's stock has seen a 15.77% increase this year, buoyed by a 4.4% dividend rise and a solid Zacks Rank of #2 (Buy). Looking ahead, the company has ambitious plans for $38 billion in capital expenditures through 2030, reflecting its commitment to clean energy and operational reliability while targeting a long-term growth trajectory of 6.5%.
“Consolidated Edison (ED) · is headquartered in · New York”
“Consolidated Edison (ED) · is in the · Utilities sector”
“Consolidated Edison (ED) · has seen a price change of · 15.77% · since the start of the year”
“Consolidated Edison (ED) · is paying out a dividend of · $0.89 per share”
“Consolidated Edison (ED) · has a dividend yield of · 3.09%”
“Consolidated Edison (ED) · current annualized dividend is up · 4.4% · from last year”
“Consolidated Edison (ED) · has increased its dividend · 5 times · on a year-over-year basis”
“Consolidated Edison (ED) · average annual increase of · 2.28%”
“Consolidated Edison (ED) · current payout ratio is · 60%”
“Consolidated Edison (ED) · is expecting earnings to expand · this fiscal year”
“Consolidated Edison (ED) · represents a compelling investment opportunity with a Zacks Rank of · #2 (Buy)”
“Consolidated Edison · has · debt-to-capital · 52.09%”