What Consolidated Edison (ED) Investors Need to Know Today

Shares of Utilities sector company Consolidated Edison moved -0.5% today, and are now trading at a price of $95.05. The large-cap stock's daily volume was 73,389 compared to its average volume of 1,739,550. The S&P 500 index returned a 0.4% performance.

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The company is based in New York and has 13,871 full time employees. Its market capitalization is $33,729,730,560. Consolidated Edison currently offers its equity investors a dividend that yields 3.3% per year.

14 analysts are following Consolidated Edison and have set target prices ranging from $68 to $100 per share. On average, they have given the company a rating of hold. At today's prices, ED is trading 9.62% away from its average analyst target price of $86.71 per share.

Over the last year, ED's share price has increased by 16.2%, which represents a difference of 28.2% when compared to the S&P 500. The stock's 52 week high is $102.21 per share whereas its 52 week low is $78.1. Consolidated Edison has averaged free cash flows of $-1,094,333,333.3 over the last four years, with a mean growth rate of -178.7%. It is unlikely that the stock can sustain its current performance trend for the long term when the underlying business is experiencing such poor cash flows.

Date Reported Cash Flow from Operations ($ MM) Capital expenditures ($ MM) Free Cash Flow ($ MM) YoY Growth (%)
2021-12-31 2,733 -3,953 -1,220 28.7
2020-12-31 2,198 -3,909 -1,711 -386.08
2019-12-31 3,134 -3,486 -352 n/a
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