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Last $61.14 USD
Change Today -0.23 / -0.37%
Volume 1.1M
ED On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

consolidated edison inc (ED) Snapshot

Open
$61.16
Previous Close
$61.37
Day High
$61.37
Day Low
$60.77
52 Week High
01/28/15 - $72.25
52 Week Low
06/12/14 - $54.12
Market Cap
17.9B
Average Volume 10 Days
2.0M
EPS TTM
$3.89
Shares Outstanding
292.9M
EX-Date
05/18/15
P/E TM
15.7x
Dividend
$2.60
Dividend Yield
4.19%
Current Stock Chart for CONSOLIDATED EDISON INC (ED)

consolidated edison inc (ED) Details

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.4 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, and parts of Queens and Westchester County; and steam to approximately 1,700 customers in parts of Manhattan. The company owns 62 area distribution substations and various distribution facilities; 39 transmission substations and 62 area stations; electric generation facilities with an aggregate capacity of 705 megawatts that run with gas and fuel oil; 4,330 miles of mains and 369,339 service lines for natural gas distribution; and 1 steam-electric generating station and 5 steam-only generating stations. It also supplies electricity to approximately 0.3 million customers in southeastern New York, and in adjacent areas of northern New Jersey and northeastern Pennsylvania; and gas to approximately 0.1 million customers in southeastern New York and adjacent areas of northeastern Pennsylvania. The company operates 572 circuit miles of transmission lines; 14 transmission substations; 62 distribution substations; 86,379 in-service line transformers; 3,991 pole miles of overhead distribution lines; and 1,869 miles of underground distribution lines, as well as 1,867 miles of mains and 105,077 service lines for natural gas distribution. In addition, it is involved in the sale and related hedging of electricity to retail customers; and provision of energy-related products and services to wholesale and retail customers. Further, the company develops, owns, and operates renewable and energy infrastructure projects, as well as invests in transmission companies. It primarily sells electricity to industrial, commercial, residential, and governmental customers. The company was founded in 1884 and is based in New York, New York.

14,601 Employees
Last Reported Date: 02/19/15
Founded in 1884

consolidated edison inc (ED) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.1M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $679.7K
President of Consolidated Edison Company of N...
Total Annual Compensation: $748.1K
President of Shared Services - Consolidated E...
Total Annual Compensation: $529.2K
Senior Vice President and General Counsel
Total Annual Compensation: $573.0K
Compensation as of Fiscal Year 2014.

consolidated edison inc (ED) Key Developments

Consolidated Edison, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2015; Revised Earnings Guidance for the Year 2015

Consolidated Edison, Inc. reported earnings results for the first quarter ended March 31, 2015. The company reported first quarter net income for common stock of $370 million or $1.26 a share compared with $361 million or $1.23 a share in 2014. Adjusted earnings, which exclude the effects of its lease in/lease out (LILO) transactions and the net mark-to-market effects of the competitive energy businesses (CEBs), were $365 million or $1.25 a share in 2015 compared with $343 million or $1.17 a share in 2014. The results of operations for the three months ended March 31, 2015, as compared to the 2014 period, reflect primarily changes in the rate plans of Con Edison's utility subsidiaries, including growth in its gas delivery service related to oil-to-gas conversions, and lower operations and maintenance expenses. The rate plans provide for revenues to cover expected increases in certain operations and maintenance expenses and depreciation reflecting primarily the impact of higher utility plant balances. The results of operations also include the impact of the LILO transactions in 2014 and the net mark-to-market effects of the CEBs. For the year 2015, the company expects its adjusted earnings to be in the range of $3.90 to $4.05 per share. The company's previous forecast of adjusted earnings was in the range of $3.80 to $4.00 per share. The higher range reflects primarily stronger than forecasted financial performance at CECONY due to the impact of the colder than normal winter on steam delivery revenues. Adjusted earnings per share exclude the net mark-to-market effects of the CEBs.

Consolidated Edison, Inc. Presents at Citi Global Energy & Utilities Conference, May-13-2015

Consolidated Edison, Inc. Presents at Citi Global Energy & Utilities Conference, May-13-2015 . Venue: The Hyatt Regency, 1 Avenue de Lafayette, Boston, MA 02111, United States.

Consolidated Edison, Inc. Presents at Deutsche Bank Clean Tech, Utilities and Power Conference, May-11-2015

Consolidated Edison, Inc. Presents at Deutsche Bank Clean Tech, Utilities and Power Conference, May-11-2015 . Venue: The New York Palace, 455 Madison Avenue (at 50th Street), New York, United States.

 

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Industry Analysis

ED

Industry Average

Valuation ED Industry Range
Price/Earnings 16.3x
Price/Sales 1.4x
Price/Book 1.4x
Price/Cash Flow 8.2x
TEV/Sales 0.4x
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