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Last €54.51 EUR
Change Today -1.34 / -2.40%
Volume 0.0
EDC On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:51 AM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

consolidated edison inc (EDC) Snapshot

Open
€54.67
Previous Close
€55.85
Day High
€55.22
Day Low
€54.34
52 Week High
01/23/15 - €64.00
52 Week Low
09/3/14 - €43.07
Market Cap
16.0B
Average Volume 10 Days
132.7
EPS TTM
--
Shares Outstanding
292.9M
EX-Date
08/17/15
P/E TM
--
Dividend
€2.64
Dividend Yield
4.09%
Current Stock Chart for CONSOLIDATED EDISON INC (EDC)

consolidated edison inc (EDC) 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 (EDC) 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 (EDC) Key Developments

Consolidated Edison, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reaffirms Earnings Guidance for the Year 2015

Consolidated Edison, Inc. reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income for common stock of $219 million or $0.75 a share compared with $212 million or $0.73 a share in 2014. Adjusted earnings, which exclude the effects of the gain on sale of solar electric production projects, the lease in/lease out (LILO) transactions and the net mark-to-market effects of the competitive energy businesses (CEBs), were $228 million or $0.78 a share in 2015 compared with $189 million or $0.65 a share in 2014. For the first six months of 2015, net income for common stock was $589 million or $2.01 a share compared with $574 million or $1.96 a share in the first six months of 2014. Adjusted earnings, which exclude the effects of the gain on sale of solar electric production projects, the LILO transactions and the net mark-to-market effects of the CEBs, were $594 million or $2.03 a share in 2015 compared with $532 million or $1.82 a share in 2014. The company reaffirmed earnings guidance for the year 2015. For the year 2015, the company reaffirms its previous forecast of adjusted earnings in the range of $3.90 to $4.05 per share. Adjusted earnings per share exclude the net mark-to-market effects of the CEBs and the impact of the potential sale of the CEBs' retail electric supply business.

Consolidated Eyes Acquisitions

Consolidated Edison, Inc. (NYSE:ED) is interested in growing through a merger or acquisition and believes it’s attractive to potential suitors because it generates a lot of cash, John McAvoy, Chief Executive Officer of Consolidated, said. Consolidated would move forward with a deal if it were to find a partner that shares its culture and if there were benefits in terms of geographic, regulatory and economic diversity, John McAvoy said in an interview at Bloomberg News headquarters in New York on July 17, 2015. “We’re interested in growth opportunities by pairing with or acquiring others,” the CEO said. “We’d like it primarily to be transmission and distribution utilities. That doesn’t mean it has to be solely that.” Regarding a possible takeover, McAvoy said, “If we are on somebody’s chalkboard or white-board somewhere, I’m not surprised at all.” The CEO declined to say if Consolidated has been approached by a potential suitor or is engaged in active merger talks.

Consolidated Edison, Inc. Declares Quarterly Common Stock Dividend, Payable on September 15, 2015

Consolidated Edison, Inc. declared a quarterly dividend of 65 cents a share on its common stock, payable September 15, 2015, to stockholders of record as of August 19, 2015.

 

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Industry Analysis

EDC

Industry Average

Valuation EDC Industry Range
Price/Earnings 16.9x
Price/Sales 1.5x
Price/Book 1.5x
Price/Cash Flow 8.4x
TEV/Sales 0.3x
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