8 stories mentioning ED
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Consolidated Edison (ED) has an average rating of hold and mean price target of $110.40, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4% and the actively traded Invesco QQQ Trust (QQQ) was 0.2% higher in Thursday's premarket activity amid a two-day meeting between the US and China.US stock futures were also higher, with S&P 500 Index futures up 0.3%, Dow Jones Industrial Average futures advancing 0.7%, and Nasdaq futures gaining 0.2% before the start of regular trading.US initial jobless claims rose to a level of 211,000 in the week ended May 9 from a downwardly revised 199,000 level in the previous week, compared with expectations for a smaller increase to 205,000 in a survey of analysts compiled by Bloomberg.US import prices rose by 1.9% in April, above the 1% increase expected in a survey compiled by Bloomberg as of 7:35 am ET and faster than a 0.9% gain in March.US retail sales rose by 0.5% in April, as expected in a survey compiled by Bloomberg as of 7:35 am ET and following the previous month's 1.6% gain.Business inventory data for March is due to be released at 10 am ET, followed by weekly natural gas stocks at 10:30 am ET.Federal Reserve Kansas City President Jeffrey Schmid, Cleveland President Beth Hammack, New York President John Williams, and Governor Michael Barr are slated to speak on Thursday.In premarket action, bitcoin was down by 10%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.2% lower, Ether ETF (EETH) advanced 0.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 0.01%.Power Play:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.2%. The Vanguard Health Care Index Fund (VHT), the iShares US Healthcare ETF (IYH), and the iShares Biotechnology ETF (IBB) were flat.Doximity (DOCS) stock was down more than 10% premarket after the company overnight reported a steeper-than-expected drop in fiscal Q4 adjusted earnings and sales guidance for the next financial year lagged market expectations.Winners and Losers:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained by 0.4%, and the iShares US Technology ETF (IYW) was 0.5% higher, while the iShares Expanded Tech Sector ETF (IGM) was up 0.7%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased by 0.3%, while the iShares Semiconductor ETF (SOXX) fell by 0.1%.Cisco Systems (CSCO) shares were up more than 15% in premarket activity after the company reported forecast-beating fiscal Q3 results and said it plans to lay off about 4,000 employees, representing around 5% of its workforce.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1%, and the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 0.3%. The iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increased by 0.3%. The VanEck Retail ETF (RTH) retreated by 0.01%, while the State Street SPDR S&P Retail ETF (XRT) was 0.3% higher.Yeti (YETI) shares were up more than 10% pre-bell after the company reported better-than-expected fiscal Q1 adjusted net income and net sales.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.2%, while the Vanguard Industrials Index Fund (VIS) gained 0.04% and the iShares US Industrials ETF (IYJ) was inactive.Copa (CPA) stock was up more than 3% before the opening bell after the company reported higher Q1 earnings and operating revenue.EnergyThe iShares US Energy ETF (IYE) was down 0.3%, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.02%.Consolidated Edison (ED) stock was down more than 2% before the opening bell. Goldman Sachs raised its price target on the company to $105 from $103 and maintained its sell rating.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.8% lower.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.1% to $100.95 per barrel on the New York Mercantile Exchange. Natural gas was down 0.7% to $2.84 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 0.7%, while the United States Natural Gas Fund (UNG) was flat.Gold futures for May retreated by 0.1% to $4,700.30 an ounce on the Comex. Silver futures fell by 2.3% to $87.30 an ounce. SPDR Gold Shares (GLD) was 0.2% higher, and the iShares Silver Trust (SLV) declined by 0.8%.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $2 to $112, 18.2x our next-12-month EPS estimate of $6.16, below peers based on a weaker growth profile. We lift our 2026 EPS estimate by $0.09 to $6.11 and lift 2027 EPS by $0.14 to $6.49. ED delivered Q1 2026 adjusted EPS of $2.18, down from $2.26 in the prior year and missing consensus by 3.8%, primarily due to higher O&M expenses at CECONY and dilution from equity issuance, partially offset by rate-base growth. The completed MVP sale for $357.5M and pending Honeoye sale for $5M represent a clear strategic shift toward a pure-play regulated utility model, reducing exposure to non-regulated, market-exposed assets. The proceeds also reduce near-term financing pressure, potentially allowing the company to moderate the pace of equity issuance and limit further dilution beyond the planned $1.1B in 2026. We project 2025-2028 compounded annual EPS and dividend growth rates of 6.7% and 4.7%, respectively, below our expectations for multi-utilities group medians of 7.5% and 6.2%.
Consolidated Edison (ED), a regulated utility serving the New York Metropolitan Area, said Thursday it expects robust capital expenditures and rate base growth rates through 2030, alongside accelerating electrification trends across its service territory.The company sees total capital expenditures rising to $6.6 billion in 2026, going all the way up to $8.8 billion by 2030.Its rate base, which essentially refers to the total value of its assets, on which utilities are permitted to earn a regulated rate of return, is expected to increase from $47.1 billion in 2025 to $50.7 billion in 2026 and $71.8 billion by 2030, representing a five-year compound annual growth rate of roughly 8.8%.Consolidated Edison attributed this to accelerating electrification across its service territory, which is primarily the New York Metropolitan region.It noted that new buildings coming online are now requesting electric capacity that is 20% to 25% higher than historical levels as customers increasingly shift toward electric heating and transportation.The company said it installed 20 megawatts of fast-charging capacity across the territory in 2025, marking an 18% increase from 2024 levels, while its medium- and heavy-duty Make-Ready programs are already supporting the electrification of more than 500 trucks and buses.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ED delivered Q1 2026 adjusted EPS of $2.18, down from $2.26 in the prior year and missing consensus by 3.8%, primarily due to higher O&M expenses at CECONY and dilution from equity issuance, partially offset by rate-base growth. The decline reflected $0.08 per share in higher costs and dilution effects, while CECONY and O&R rate-base growth contributed $0.10 per share combined. We view ED's electrification positioning favorably, with new buildings showing 20%-25% increases in electric demand and 20 MW of fast-charging capacity added in 2025 (+18%), supporting long-term investment opportunities. Management reaffirmed 2026 adjusted EPS guidance of $6.00-$6.20 despite Q1 headwinds. The company strengthened its capital position through the $357.5M MVP stake sale (generating $134M after-tax gain) and $776M equity forward settlement, while the five-year 8.8% investment-base CAGR target through 2030 supports our view of sustained earnings growth driven by accelerating electrification and grid-modernization needs.
Consolidated Edison (ED) has an average rating of Hold and mean price target of $112.07, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $110.15, Change: $+1.33, Percent Change: +1.23%
The US National Weather Service on Tuesday said much of the West Coast will likely experience strong winds and rain, while the Sierra-Nevada may encounter mountain snow through Wednesday, due to a Pacific storm system.Meanwhile, the Mid-South and Southeast will remain under fire weather conditions, brought about by gusty winds and dry weather.The NWS issued a winter storm warning early Tuesday for parts of California, including Lassen National Park, Chester, Red Bluff, Corning, Quincy, Paradise, Oroville, Blue Canyon, Grass Valley, Placerville, Jackson, Murphys, Sonora, Mariposa, Oakhurst, Fresno, Selma, Visalia, Tulare, and Porterville. The cities' main service providers are Algonquin Power & Utilities' (AQN) Liberty, PG&E's (PCG) Pacific Gas and Electric Co., and Edison International's (EIX) Southern California Edison.A high wind warning was posted for California's Death Valley and Nevada's Austin, Eureka, Ely, Tonopah, and Beatty. Berkshire Hathaway Energy (BRK.B) subsidiary NV Energy primarily serves the Nevada area.The agency issued a red flag warning for Colorado's Craig, Rangely, Meeker, Fort Collins, Greeley, Fort Morgan, Sterling, Julesburg, Akron, Boulder, Denver, Georgetown, Castle Rock, Deer Trail, Limon, Colorado Springs, Fairplay, Aspen, Buena Vista, Canon City, Saguache, Pueblo, Ordway, Eads, Lamar, La Junta, Westcliffe, South Fork, La Veta Pass, Alamosa, San Luis, Trinidad, Kim, and Springfield. The state's major electric providers are Xcel Energy (XEL) and Black Hills' (BKH) Black Hills Energy.In Wyoming, a similar warning was posted for Bill, Lance Creek, Lusk, Glenrock, Douglas, Glendo, Torrington, Wheatland, Chugwater, Pine Bluffs, and Cheyenne, primarily served by Black Hills Energy and PacifiCorp's Rocky Mountain Power.In Nebraska, Chadron, Harrison, Alliance, Scottsbluff, Bridgeport, Harrisburg, Kimball, and Sidney were placed under the same warning.Parts of Florida, including Jacksonville, Lake City, Gainesville, Ocala, Daytona Beach, Cedar Key, Crystal River, Wildwood, Brooksville, Orlando, Lakeland, New Port Richey, Clearwater Beach, Tampa, Bartow, Melbourne, Wauchula, Bradenton, Sarasota, Sebring, Arcadia, Fort Pierce, Punta Gorda, and Fort Myers, were also issued a red flag warning. NextEra Energy (NEE) unit Florida Power & Light, Duke Energy (DUK), and Emera subsidiary Tampa Electric are the major electricity providers in the state.The NWS issued a freeze warning for the whole of Virginia, excluding Monterey, and most of Maryland, except Oakland and Cumberland. Virginia is within the service areas of Dominion Energy (D) and American Electric Power's (AEP) Appalachian Power, while Maryland is mainly served by FirstEnergy (FE) subsidiary Potomac Edison and Exelon's (EXC) Pepco, BGE, and Delmarva Power.In West Virginia, a similar warning was posted for Morgantown, Fairmont, Clarksburg, Elkins, Parkersburg, Sutton, Huntington, Charleston, Snowshoe, Beckley, Lewisburg, and Bluefield, primarily served by Appalachian Power and First Energy subsidiaries, Mon Power and Potomac Edison.The states of Delaware and New Jersey were placed under the same warning. Delmarva Power primarily serves Delaware, while FirstEnergy's Jersey Central Power & Light, Public Service Enterprise's (PEG) Electric and Gas Co., Exelon's Atlantic City Electric, and Consolidated Edison's (ED) Orange and Rockland serve New Jersey.The agency also issued a freeze warning for most of Pennsylvania, excluding Scranton. The state's main service providers are Duquesne Light, PPL's (PPL) Electric Utilities unit, UGI's (UGI) Utilities unit, Exelon's Peco, First Energy units, Penelec, Penn Power, West Penn Power, and Met-Ed.In Connecticut, Danbury, Stanford, Bridgeport, New Haven, Middletown, and New London were issued the same warning. Eversource Energy (ES), PPL's Rhode Island Energy, and Avangrid's (AGR) The United Illuminating Co. mainly serve these areas.New York's Middletown, Newburgh, Peekskill, Islip, Riverhead, and Montauk, were under the same warning. The cities' main service providers are Public Service Enterprise's Long Island unit, Consolidated Edison's Co. of New York and Orange and Rockland, and Avangrid units, Rochester Gas and Electric and New York State Electric & Gas.In Ohio, a similar warning was posted for Sandusky, Elyria, Cleveland, Ashtabula, Youngstown, Canton, New Philadelphia, Mansfield, Findlay, Zanesville, Columbus, New Lexington, and Jackson. The state's main electricity providers are AES' (AES) Ohio unit, American Electric Power's Ohio unit, Duke Energy, and First Energy subsidiaries, Ohio Edison, Toledo Edison and Illuminating Co.Kentucky's Morehead, West Liberty, Jackson, Pikeville, Hazard, Corbin, London, and Middlesboro were under the same warning. The cities' main service providers are American Electric Power's Kentucky Power and PPL's LG&E and KU Energy.North Carolina's Boone, Mount Airy, Winston-Salem, Roxboro, Henderson, and Roanoke Rapids, within Duke Energy's and Dominion Energy's service zones, were also issued a similar warning.The NWS issued a flood warning for areas near Washington's Winthrop, served by Puget Sound Energy, and near Texas' San Antonio and Karnes City, served by American Electric Power's Texas unit.A similar warning was posted for areas near Ohio's Defiance and cities close to Indiana's Fort Wayne, Angola, and Plymouth, mainly served by NiSource's (NI) Northern Indiana Public Service Co.The same warning was issued for parts of Illinois' Waukegan, Rockford, Freeport, Aurora, Dixon, Clinton, Ottawa, Peoria, Pekin, Canton, Havana, Carbondale, Quincy, Carlinville, and Chester. The main electricity providers in these areas are Ameren's (AEE) Illinois unit, Exelon's ComEd, and Berkshire Hathaway Energy's MidAmerican Energy.Missouri's Nevada, mainly served by Liberty, and areas near Iowa's Clinton, Davenport, Burlington, Iowa City, and Cedar Rapids, within the service area of Alliant Energy (LNT) and MidAmerican Energy, were placed under the same warning.In Michigan, areas under the same warning include parts of Petoskey, Rogers City, Traverse City, Houghton Lake, Cadillac, Manistee, Big Rapids, Muskegon, Grand Rapids, Saginaw, Ionia, Kalamazoo, Houghton, Marquette, Escanaba, Iron Mountain, and Menominee. The state is primarily served by CMS Energy's (CMS) Consumers Energy, Upper Peninsula Power, Xcel Energy, and WEC Energy (WEC) subsidiaries, Upper Michigan Energy Resources and We Energies.In Wisconsin, areas near Appleton, Wisconsin Dells, Prairie Du Chien, Beaver Dam, Milwaukee, Kenosha, and Janesville were issued a similar warning. The state's main electricity providers are Xcel Energy, Alliant Energy, MGE Energy's (MGEE) Madison Gas and Electric, and WEC Energy subsidiaries, Wisconsin Public Service and We Energies.
The US National Weather Service on Monday said the Southern Plains and southeast will remain under fire weather conditions, while Northern and Central California will experience rain and mountain snow due to a Pacific storm system.The effect of the Pacific system may be felt in Pacific Northwest, Great Basin, and Southern California on Tuesday.The NWS issued a red flag warning early Monday for parts of Minnesota, including Roseau, Thief River Falls, Bemidji, Hibbing, Duluth, Ely, International Fall, Detroit Lakes, Fergus Falls, Brainerd, Hinckley, Wheaton, Morris, St. Cloud, Willmar, Minneapolis, Marshall, Pipestone, Windom, Worthington, and Mankato. The cities' main service providers are Otter Tail's (OTTR) power unit, Allette (ALE) subsidiary Minnesota Power, Xcel Energy (XEL) and Alliant Energy (LNT).In South Dakota, areas under the same warning were Sisseton, Milbank, Watertown, Brookings, Sioux Falls, Custer, Hot Springs, Edgemont, Pine Ridge, Martin, Hermosa, Wall, Kadoka, White River, Winner, Mission, Kadoka, and Murdo. Otter Tail Power, Xcel Energy, NorthWestern Energy (NWE), and Black Hills (BKH) unit Black Hills Energy primarily serve these cities.A similar warning was posted for Nebraska's Harrison, Chadron, Rushville, Alliance, Scottsbluff, Bridgeport, Harrisburg, Kimball, Sidney, Oshkosh, Chappell, Hyannis, Arthur, Orgallala, Mullen, Tryon, Valentine, Thedford, Stapleton, North Platte, Stockville, Springview, Ainsworth, Brewster, Broken Bow, North Platte, Lexington, Butte, ONeill, Burwell, Kearney, Holdrege, Ord, Grand Island, Hastings, Aurora, Columbus, York, Hebron, and Superior.In Wyoming, areas under a red flag warning include Newcastle, Wright, Gillette, Lander, Rock Springs, Bill, Lance Creek, Lusk, Glenrock, Casper, Douglas, Glendo, Torrington, Wheatland, Chugwater, Pine Bluffs, and Cheyenne. These are primarily served by PacifiCorp's Rocky Mountain Power and Black Hills Energy.The NWS issued the same warning for Colorado's Leadville, Buena Vista, Salida, Woodland Park, Colorado Springs, Pikes Peak, Canon City, Pueblo, Westcliffe, Saguache, South Fork, La Veta Pass, Alamosa, San Luis, Trinidad, Kim, La Junta, Eads, Lamar, and Springfield, within Black Hills Energy's and Xcel Energy's service areas.In Kansas, Phillipsburg, Concordia, Beloit, Garden City, and Ulysses, primarily served by Evergy (EVRG), were also under a similar warning.The same warning was posted for Georgia's Blairsville, Toccoa, Gainesville, Albany, Tifton, Moultrie, Bainbridge, Valdosta, and Waycross, primarily served by Georgia Power, a Southern Co. (SO) subsidiary.In Florida, the agency placed Jacksonville, Lake City, Gainesville, Ocala, Perry, Cross City, Tallahassee, Marianna, Panama City, Apalachicola, and De Funiak Springs under a similar warning. Duke Energy (DUK), NextEra Energy (NEE) unit Florida Power & Light, and Chesapeake Utilities' (CPK) Florida Public Utilities are the cities' main service providers.Alabama's Dothan and Troy, within the service area of Southern Co.'s Alabama Power, were also issued the same warning.The NWS posted a freeze warning for most parts of Ohio. The state's main electricity providers are AES' (AES) Ohio unit, American Electric Power's Ohio unit, Duke Energy, and First Energy (FE) subsidiaries, Ohio Edison, Toledo Edison and Illuminating Co.In West Virginia, Morgantown, Fairmont, Clarksburg, Elkins, Parkersburg, Sutton, Snowshoe, Beckley, Lewisburg, Bluefield, and Martinsburg were placed under a similar warning. The state is primarily served by American Electric Power's Appalachian Power and First Energy subsidiaries, Mon Power and Potomac Edison.The same warning was issued for Virginia's Leesburg, Winchester, Warrenton, Luray, Dale City, Fredericksburg, Culpeper, Warrenton, Harrisonburg, Staunton, Charlottesville, Farmville, Lynchburg, Roanoke, Danville, and Wytheville, which are mainly served by Appalachian Power and Dominion Energy (D).The whole of Maryland, except Oakland and Cumberland, was under a similar warning. The main service providers in the state are Potomac Edison and Exelon's (EXC) Pepco, BGE, and Delmarva Power.The states of Delaware and New Jersey were issued the same warning. Delmarva Power primarily serves Delaware, while FirstEnergy's Jersey Central Power & Light, Public Service Enterprise's (PEG) Electric and Gas Co., Exelon's Atlantic City Electric, and Consolidated Edison's (ED) Orange and Rockland serve New Jersey.A freeze warning was also posted for North Carolina's Boone, within Duke Energy's service zone, and Colorado's Craig, Steamboat Springs, Meeker, Rangely, Vail, and Rifle.The NWS issued a similar warning for most of Pennsylvania, excluding Scranton. The state's main service providers are Duquesne Light, PPL's (PPL) Electric Utilities unit, UGI's (UGI) Utilities unit, Exelon's Peco, First Energy units, Penelec, Penn Power, West Penn Power, and Met-Ed.New York's Middletown, Newburgh, Peekskill, Islip, Riverhead, and Montauk, were under the same warning. The cities' main service providers are Public Service Enterprise's Long Island unit, Consolidated Edison's Co. of New York and Orange and Rockland, and Avangrid (AGR) units, Rochester Gas and Electric and New York State Electric & Gas.In Connecticut, Danbury, Stanford, Bridgeport, New Haven, Middletown, and New London were issued the same warning. Eversource Energy, PPL's Rhode Island Energy, and Avangrid's The United Illuminating Co. mainly serve these areas.In Michigan, a freeze warning was posted for Muskegon, Alma, Ionia, Grand Rapids, Holland, Hastings, Lansing, South Haven, Kalamazoo, Benton Harbor, Jackson, Flint, Saginaw, Port Huron, Detroit, Ann Arbor, and Coldwater. The state is primarily served by CMS Energy's (CMS) Consumers Energy, DTE Energy (DTE), American Electric Power's Indiana Michigan Power, Upper Peninsula Power, Xcel Energy, and WEC Energy (WEC) subsidiaries, Upper Michigan Energy Resources and We Energies.A similar warning was issued for Indiana's Gary, Rensselaer, South Bend, Angola, Plymouth, Warsaw, Fort Wayne, Marion, Kokomo, Logansport, Rensselaer, Crawfordsville, Indianapolis, and Muncie, which are within the service zones of Duke Energy, Indiana Michigan Power, AES' Indiana unit, and NiSource's (NI) Northern Indiana Public Service Co.In Illinois, the same warning was posted for Freeport, Rockford, Waukegan, Dixon, DeKalb, Aurora, Joliet, Ottawa, Pontiac, Kankakee, Peoria, Bloomington, Peru, Kewanee, Galesburg, Peoria, Pekin, Canton, Macomb, Havana, Lincoln, Champaign, Decatur, Danville, and Charleston. The main electricity providers in these areas are Ameren's (AEE) Illinois unit, Exelon's ComEd, and Berkshire Hathaway Energy's (BRK.B) MidAmerican Energy.Iowa's Fort Dodge, Ames, Waterloo, Marshalltown, Cedar Rapids, Iowa City, Ottumwa, Dubuque, Clinton, Davenport, Burlington, and Keokuk, within the service area of Alliant Energy and MidAmerican Energy, were also placed under a similar warning.The NWS issued a flood warning for areas near Washington's Winthrop, served by Puget Sound Energy.A similar warning was posted for areas near Ohio's Defiance and cities close to Indiana's South Bend, Fort Wayne, Angola, and Plymouth.The same warning was issued for parts of Illinois' Waukegan, Rockford, Freeport, Aurora, Dixon, Clinton, Ottawa, Peoria, Pekin, Canton, Carbondale, and Havana, and areas near Iowa's Clinton, Davenport, Burlington, Iowa City, and Cedar Rapids.In Michigan, areas under the same warning include parts of Petoskey, Alpena, Rogers City, Mio, Tawas City, Traverse City, Houghton Lake, Cadillac Manistee, Ludington, Pentwater, Muskegon, Mount Pleasant, Grand Rapids, Ionia, Hastings, Lansing, Kalamazoo, Houghton, Marquette, Escanaba, Iron Mountain, and Menominee.In Wisconsin, areas near Appleton, Wisconsin Dells, Prairie Du Chien, Beaver Dam, Milwaukee, Kenosha, Janesville, and Mineral Point were issued a similar warning. The state's main electricity providers are Xcel Energy, Alliant Energy, MGE Energy's (MGEE) Madison Gas and Electric, and WEC Energy subsidiaries, Wisconsin Public Service and We Energies.Missouri's Nevada, Kansas' Coffeyville and Oklahoma's Grove, primarily served by Evergy and Algonquin Power & Utilities' (AQN) Liberty, were also placed under the same warning.