Consolidated Edison 株価情報 (NYSE: ED)

最新ニュース Consolidated Edison (NYSE:ED) 株価情報

Consolidated Edison

Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities generate nearly all of Con Ed's earnings following the sale of its clean energy business to RWE in early 2023.

Consolidated Edison Inc

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Barclays analyst Nicholas Campanella maintains Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) with a Underweight and raises the price target from $98 to $104.

News

Price Target

Analyst Ratings

Barclays Maintains Underweight on Consolidated Edison, Raises Price Target to $104

Citigroup analyst Ryan Levine upgrades Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) from Neutral to Buy and raises the price target from $103 to $116.

Upgrades

Citigroup Upgrades Consolidated Edison to Buy, Raises Price Target to $116

Jefferies analyst Julien Dumoulin-Smith initiates coverage on Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) with a Hold rating and announces Price Target of $108.

Initiation

Jefferies Initiates Coverage On Consolidated Edison with Hold Rating, Announces Price Target of $108

Morgan Stanley analyst David Arcaro maintains Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) with a Underweight and raises the price target from $82 to $87.

Morgan Stanley Maintains Underweight on Consolidated Edison, Raises Price Target to $87

UBS analyst William Appicelli maintains Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) with a Neutral and raises the price target from $105 to $106.

UBS Maintains Neutral on Consolidated Edison, Raises Price Target to $106

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said Target Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) reported a &#8220;<a href="https://www.benzinga.com/news/earnings/24/08/40482203/target-q2-earnings-revenue-and-profit-beat-digital-sales-boost-annual-profit-outlook-hiked">very, very good&#8221; quarter</a>. 
&#8220;It does yield 3%, which is actually quite good,&#8221; he added.
On Aug. 21, Target posted stellar second-quarter results outperformed earnings and sales expectations and prompted an optimistic boost to its full-year profit outlook. 
Quarterly adjusted earnings per share totaled $2.57 (+40%), beating the street view of $2.20. Target reported sales of $25.45 billion (+2.7%), exceeding the analyst consensus of $25.229 billion.
See Also: <a href="https://www.benzinga.com/news/earnings/24/03/37413962/how-to-earn-500-a-month-from-target-stock-ahead-of-q4-print">How To Earn $500 A Month From Target Stock Ahead Of Q4 Print</a>
Cramer also likes Zoetis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>).
On Aug. 6, Zoetis reported better-than-expected second-quarter financial results and raised its <a href="https://www.benzinga.com/quote/ZTS/analyst-ratings">2024 guidance above estimates</a>. The animal health company reported second-quarter revenue of $2.36 billion, up 8% year-over-year on reported and 11% on an operational basis, beating the consensus of $2.31 billion.
When asked about PROCEPT BioRobotics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRCT#NASDAQ">PRCT</a>), he said, &#8220;It's been a rocket, but I think if you're going to be in robotics, you have to be in ISRG.&#8221;
On Sept. 3, Truist Securities analyst Richard Newitter maintained PROCEPT BioRobotics with a Buy and raised the price target from $74 to $95.
&#8220;I've liked Con Ed for, I don't know, maybe 70 points,&#8221; Cramer said when asked about Consolidated Edison, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>). &#8220;As long as it's around, above three, I think the stock can still project itself even higher.&#8221;
On Aug. 1, Consolidated Edison reported quarterly earnings of 59 cents per share which beat the analyst consensus estimate of 57 cents per share. The company reported quarterly sales of $3.22 billion which beat the analyst consensus estimate of $3.18 billion.
Price Action:
<ul>
<li>PROCEPT BioRobotics shares fell 5% to settle at $75.06 on Tuesday.</li>
<li>Zoetis shares gained 0.04% to close at $183.57.</li>
<li>Target shares fell 1.2% to close at $151.80 during Tuesday's session.</li>
<li>Consolidated Edison shares rose 1.7% to settle at $103.28 on Tuesday.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40700996/dow-tumbles-over-600-points-nasdaq-dips-3-amid-plunge-in-nvidia-fear-index-remains-in-greed-zone">Dow Tumbles Over 600 Points, Nasdaq Dips 3% Amid Plunge In Nvidia: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>
Image: Shutterstock

Long Ideas

Markets

Media

Trading Ideas

PRCT

Jim Cramer Says This Retailer Yields 3%: 'Which Is Quite Good'

Morgan Stanley analyst David Arcaro maintains Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) with a Underweight and raises the price target from $75 to $82.

Morgan Stanley Maintains Underweight on Consolidated Edison, Raises Price Target to $82

Investors looking for stocks in the Utility - Electric Power sector might want to consider either Evergy Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/evrg#NASDAQ">EVRG</a>) or Consolidated Edison (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ed#NYSE">ED</a>). But which of these two companies is the best option for those looking for undervalued stocks? Let&#39;s take a closer look.
The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Currently, Evergy Inc has a Zacks Rank of #2 (Buy), while Consolidated Edison has a Zacks Rank of #3 (Hold). Investors should feel comfortable knowing that EVRG likely has seen a stronger improvement to its earnings outlook than ED has recently. However, value investors will care about much more than just this.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
EVRG currently has a forward P/E ratio of 15.34, while ED has a forward P/E of 18.92. We also note that EVRG has a PEG ratio of 3.07. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock&#39;s expected earnings growth rate. ED currently has a PEG ratio of 3.39.
Another notable valuation metric for EVRG is its P/B ratio of 1.39. The P/B is a method of comparing a stock&#39;s market value to its book value, which is defined as total assets minus total liabilities. By comparison, ED has a P/B of 1.61.
Based on these metrics and many more, EVRG holds a Value grade of B, while ED has a Value grade of C.
EVRG is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that EVRG is likely the superior value option right now.
<a href="https://www.zacks.com/stock/news/2324520/evrg-or-ed-which-is-the-better-value-stock-right-now?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_3-2324520">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

EVRG

EVRG or ED: Which Is the Better Value Stock Right Now?

Scotiabank analyst Andrew Weisel maintains Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) with a Sector Underperform and raises the price target from $85 to $90.

Scotiabank Maintains Sector Underperform on Consolidated Edison, Raises Price Target to $90

As of Aug 6, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">WEC Energy Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WEC#NYSE">WEC</a>)</h3>
<ul>
<li>On July 31, WEC Energ posted better-than-expected quarterly earnings. &#8220;Despite the warmest winter on record, we&#8217;re delivering solid results, and we&#8217;re firmly on track for a strong 2024,&#8221; said Scott Lauber, president and CEO. &#8220;We&#8217;re focused on the fundamentals of our business — financial discipline, customer satisfaction and operating efficiency.&#8221; The company's stock gained around 13% over the past month and has a <a href="https://www.benzinga.com/quote/WEC">52-week high of $92.23</a>.</li>
<li>RSI Value: 70.14&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>WEC Price Action: Shares of WEC Energy fell 2.2% to close at $88.19 on Monday.</li>
</ul>
<h3 class="wp-block-heading">Consolidated Edison, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>)</h3>
<ul>
<li>On Aug. 1, Consolidated Edison posted stronger-than-expected quarterly results. &#8220;We are proud that our regulator&#8217;s annual report on utility performance once again showed that we provide customers with the most reliable electric service in the state,&#8221; said Tim Cawley, the chairman and CEO of Con Edison. The company's stock gained around 14% over the past month and <a href="https://www.benzinga.com/quote/ED">has a 52-week high</a> of $105.99.</li>
<li>RSI Value: 71.14</li>
<li>ED Price Action: Shares of Consolidated Edison fell 1.1% to close at $100.70 on Monday.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40178833/dow-records-worst-day-in-around-2-years-mag-7-stocks-lose-650b-in-market-capitalization-greed-index">Dow Records Worst Day In Around 2 Years, Mag 7 Stocks Lose $650B In Market Capitalization: Greed Index Moves To &#8216;Extreme Fear&#8217; Zone</a></li>
</ul>

Short Ideas

Pre-Market Outlook

Top 2 Utilities Stocks That Should Keep You Up At Night In Q3

Barclays analyst Nicholas Campanella maintains Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) with a Underweight and raises the price target from $92 to $98.

Barclays Maintains Underweight on Consolidated Edison, Raises Price Target to $98

B of A Securities analyst Julien Dumoulin-Smith maintains Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) with a Buy and raises the price target from $97 to $109.

B of A Securities Maintains Buy on Consolidated Edison, Raises Price Target to $109

Guggenheim analyst Shahriar Pourreza maintains Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) with a Neutral and raises the price target from $88 to $91.

Guggenheim Maintains Neutral on Consolidated Edison, Raises Price Target to $91

Wells Fargo analyst Sarah Akers maintains Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) with a Equal-Weight and raises the price target from $97 to $105.

Wells Fargo Maintains Equal-Weight on Consolidated Edison, Raises Price Target to $105

Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.57 by 3.51 percent. The company reported quarterly sales of $3.22 billion which beat the analyst consensus estimate of $3.18 billion by 1.27 percent. This is a 9.38 percent increase over sales of $2.94 billion the same period last year.

Earnings Beats

Consolidated Edison Q2 2024 Adj EPS $0.59 Beats $0.57 Estimate, Sales $3.22B Beat $3.18B Estimate

Analysts' ratings for Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) over the last quarter vary from bullish to bearish, as provided by 7 analysts.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $90.43, a high estimate of $97.00, and a low estimate of $76.00. Marking an increase of 2.6%, the current average surpasses the previous average price target of $88.14. 
<img src="https://www.benzinga.com/files/images/story/2024/1721649670_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Consolidated Edison among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$92.00</td>
<td>$97.00</td>
</tr>
<tr>
<td>William Appicelli</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$96.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>David Arcaro</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$76.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>David Arcaro</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Underweight</td>
<td>$80.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Anthony Crowdell</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$95.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$97.00</td>
<td>$89.00</td>
</tr>
<tr>
<td>Sarah Akers</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$97.00</td>
<td>$93.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Consolidated Edison. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Consolidated Edison compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Consolidated Edison's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Consolidated Edison's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ED/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Consolidated Edison analyst ratings.</a>
<h2>All You Need to Know About Consolidated Edison</h2>
Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange &amp; Rockland, or O&amp;R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities generate nearly all of Con Ed's earnings following the sale of its clean energy business to RWE in early 2023.
<h3>A Deep Dive into Consolidated Edison's Financials</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Decline in Revenue: Over the 3 months period, Consolidated Edison faced challenges, resulting in a decline of approximately -2.79% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Utilities sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Consolidated Edison's net margin excels beyond industry benchmarks, reaching 16.82%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Consolidated Edison's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.37% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Consolidated Edison's ROA excels beyond industry benchmarks, reaching 1.08%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.16.
<h2>Analyst Ratings: Simplified</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

7 Analysts Have This To Say About Consolidated Edison

Barclays analyst Nicholas Campanella downgrades Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) from Equal-Weight to Underweight and lowers the price target from $97 to $92.

Downgrades

Barclays Downgrades Consolidated Edison to Underweight, Lowers Price Target to $92

UBS analyst William Appicelli maintains Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) with a Neutral and raises the price target from $92 to $96.

UBS Maintains Neutral on Consolidated Edison, Raises Price Target to $96

PG&amp;E Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pcg#NYSE">PCG</a>) is poised to benefit from positive developments like steady infrastructural investments, the addition of clean energy projects and initiatives to build California&#39;s electric vehicle charging infrastructure.
Let&#39;s focus on the factors that make this Zacks Rank #2 (Buy) stock a good investment option at the moment.
<h3>Rising Estimates</h3>
The Zacks Consensus Estimate for PCG&#39;s 2024 and 2025 earnings per share implies growth of 9.8% and 8.4%, respectively, from the year-ago levels.
The Zacks Consensus Estimate for PCG&#39;s 2024 and 2025 sales indicates a rise of 4.9% and 4.1%, respectively, from the prior-year figures.
<h3>Better-Than-Industry Returns&nbsp;</h3>
PCG&#39;s return on invested capital has outperformed the industry&#39;s average in the trailing 12 months. ROIC of PCG was 5.05% compared with the industry average of 3.41%. The company has been investing effectively in profitable projects, which is evident from its ROIC.
PCG&#39;s trailing 12-month return on equity is 11.32%, ahead of the industry&#39;s average of 9.72%. Return on equity, a profitability measure, reflects how effectively a company utilizes its shareholders&#39; funds to generate income.
<h3>Capital Expenditure</h3>
PG&amp;E continues to make considerable investments in gas-related projects and electric system safety and reliability to further strengthen its grid and thereby boost customer satisfaction. To this end, the company invested $9.8 billion in 2023. Looking ahead, management aims to make investments worth $10.4 billion in 2024. For 2024-2028, the company expects to invest $62 billion.
<h3>Solvency Ratio</h3>
The times interest earned ratio at the end of first-quarter 2024 is 1.42, which indicates financial strength of the company and its ability to meet short-term obligations or dues within the next 12 months.
<h3>Price Movement</h3>
In the past three months, PCG&#39;s shares have risen 6.3% compared with the&nbsp;industry&#39;s growth of 3.6%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b7/71087.jpg?v=919184366" />
Image Source: Zacks Investment Research
<h3>Other Key Picks</h3>
Some other top-ranked stocks from the same industry are CenterPoint Energy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnp#NYSE">CNP</a>), FirstEnergy (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fe#NYSE">FE</a>) and Consolidated Edison (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ed#NYSE">ED</a>), each carrying a Zacks Rank #2 at present.
The Zacks Consensus Estimate for CenterPoint Energy, FirstEnergy and Consolidated Edison&#39;s 2024 earnings reflects year-over-year growth of 8%, 5.1% and 3.1%, respectively.
The long-term (three-to-five years) earnings growth rate of CenterPoint Energy, FirstEnergy, and Consolidated Edison is 7%, 5.9% and 7.4%, respectively.
<a href="https://www.zacks.com/stock/news/2300081/reasons-to-add-pg-e-pcg-stock-to-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2300081">To read this article on Zacks.com click here.</a>

Small Cap

Reasons to Add PG&E Stock to Your Portfolio Now

Investors in Consolidated Edison, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ed#NYSE">ED</a>) need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 16, 2024 $50.00 Call had some of the highest implied volatility of all equity options today.
<h3>What is Implied Volatility?</h3>
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
<h3>What do the Analysts Think?</h3>
Clearly, options traders are pricing in a big move for Consolidated Edison shares, but what is the fundamental picture for the company? Currently, Consolidated Edison is a Zacks Rank #2 (Buy) in the Utility - Electric Power industry that ranks in the Top 29% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while one analyst has revised the estimate downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from earnings of 57 cents per share to 55 cents in that period. 
Given the way analysts feel about Consolidated Edison right now, this huge implied volatility could mean there&#39;s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
<a href="https://www.zacks.com/stock/news/2297707/is-the-options-market-predicting-a-spike-in-consolidated-edison-ed-stock?cid=CS-BENZ-FT-tale_of_the_tape|options-2297707">To read this article on Zacks.com click here.</a>

Options

Is the Options Market Predicting a Spike in Consolidated Edison Stock?

Consolidated Edison: New York City Isn't Going Anywhere

Buy 7 October Dividend Kings, Watch 10 More

ConEd hiked to Buy at Citi as positioned for earnings growth to accelerate

Consolidated Edison declares $0.83 dividend

Dividend stocks provide reliable income streams, favorable tax rates, stability during economic downturns, and the potential for long-term portfolio growth. In this context, retirees may want to consider dividend-paying stocks like Coca-Cola (KO), Consolidated Edison (ED), and T. Rowe Price Group (TROW). Keep reading... Dividend stocks provide a reliable income stream essential for retirees seeking steady cash flow. Taxed at lower rates than ordinary income, they help reduce overall tax liability. With regular payments and the potential for growing dividends, companies with a consistent dividend history often demonstrate greater stability and resilience during economic downturns.
Therefore, retirees seeking consistent income might consider quality dividend stocks such as The Coca-Cola Company (<a href="https://stocknews.com/stock/KO/">KO</a>), Consolidated Edison, Inc. (<a href="https://stocknews.com/stock/ED/">ED</a>), and T. Rowe Price Group, Inc. (<a href="https://stocknews.com/stock/TROW/">TROW</a>).
Rising Middle East tensions and uncertainty over rate cuts are increasing demand for safe-haven assets like the U.S. dollar, highlighting geopolitical risks. In this environment, dividend stocks stand out for their resilience during market fluctuations, offering a reliable cushion against potential losses and a strong potential for long-term portfolio growth.
On the other hand, strong U.S. jobs data reveals the largest jump in nonfarm payrolls in six months, along with a lower unemployment rate and robust wage growth. The U.S. 10-year Treasury yield surpassed 4%, boosting market sentiment. Meanwhile, the Federal Reserve is anticipated to cut interest rates by <a href="https://www.reuters.com/markets/currencies/dollar-roll-after-us-jobs-data-middle-east-flare-up-2024-10-07/">25 basis points</a>, potentially providing further economic support.
Hence, dividend stocks across sectors like beverages, utilities, and asset management offer portfolio diversification while reinvesting dividends can compound returns, providing retirees with enhanced long-term financial security. Considering these conducive trends, let's analyze the fundamental aspects of the three dividend picks.
The Coca-Cola Company (<a href="https://stocknews.com/stock/KO/">KO</a>) 
KO manufactures, markets, and sells various non-alcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors, water, sports, coffee, tea, juice, value-added dairy, plant-based beverages, and other beverages.
On September 17, 2024, KO and Bacardi Limited announced plans to launch a BACARDÍ rum and Coca-Cola ready-to-drink pre-mixed cocktail in 2025. The initial rollout will be in select European markets and Mexico.
On August 8, 2024, KO's Fanta and Warner Bros. Pictures announced a global partnership, launching a limited-edition Beetlejuice-inspired Fanta flavor ahead of the movie "Beetlejuice Beetlejuice," releasing in September. The special edition flavor will be available in over 50 markets with exclusive access to themed experiences.
In terms of the trailing-12-month Return on Total Assets, KO's 10.52% is 151.6% higher than the 4.18% industry average. Its 32.08% trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a> is 144.7% higher than the 13.11% industry average. Also, its 4.37% trailing-12-month Capex/Sales is 35.2% higher than the 3.23% industry average.
KO has paid dividends for 61 consecutive years.  Its annual dividend is $1.94, which translates to a yield of 2.76% at the current share price. Its four-year average dividend yield is 2.97%. Moreover, the company's dividend payouts have increased at a CAGR of 4.7% over the past three years.
KO's net operating revenues for the second quarter ended June 28, 2024, increased 3.3% year-over-year to $12.36 billion. Similarly, its operating income was $2.63 billion, up 9.6% year-over-year. The company's non-GAAP net income amounted to $3.62 billion, a 6.8% increase from the previous year. Additionally, the company's non-GAAP EPS grew 7.7% year-over-year to $0.84.
Street expects KO's EPS for the quarter ended September 30, 2024, to increase marginally year-over-year to $0.75.  Its revenue for the quarter ending March 31, 2025, is expected to rise 3.2% year-over-year to $11.59 billion. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 29.9% to close the last trading session at $69.01.
KO's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #20 out of 35 stocks in the B-rated <a href="https://stocknews.com/category/beverages/">Beverages</a> industry. It has a B grade for Stability and Quality. <a href="https://stocknews.com/stock/KO/">Click here</a> to see KO's ratings for Growth, Value, Momentum, and Sentiment.
Consolidated Edison, Inc. (<a href="https://stocknews.com/stock/ED/">ED</a>)
ED and its subsidiaries engage in regulated electric, gas, and steam delivery businesses. It provides electric services to approximately 3.70 million customers in New York City and Westchester County; gas services to about 1.10 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam services to around 1,530 customers in parts of Manhattan.
On July 18, 2024, ED declared a quarterly dividend of 83 cents per share on its common stock, payable on September 16, 2024, to shareholders of record as of August 14, 2024.
In terms of the trailing-12-month gross profit margin, ED's 52.50% is 17% higher than the 44.89% industry average. Its 4.43% trailing-12-month Return on Total Capital is 10% higher than the 4.03% industry average. Also, its 0.22x trailing-12-month asset turnover ratio is 3.7% higher than the 0.22x industry average.
ED pays an annual dividend of $3.32, which translates to a yield of 3.22% at the current share price. Its four-year average dividend yield is 3.67%. In addition, the company's dividend payouts have increased at a CAGR of 2.2% over the past three years. ED has paid dividends for the past 49 years.
In the second quarter ended June 30, 2024, ED's total operating revenues increased by 10.5% year-over-year to $3.22 billion. During the same period, the company's adjusted earnings were $203 million, or $0.59 per share.
For the quarter ended September 30, 2024, ED's EPS and revenue are expected to increase 1.1% and 5% year-over-year to $1.64 and $4.06 billion, respectively. ED surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 17.1% to close the last trading session at $101.14.
ED's robust outlook is reflected in its POWR Ratings. ED has a B grade for Momentum. Within the <a href="https://stocknews.com/category/utilities-domestic/">Utilities - Domestic</a> industry, it is ranked #11 out of 59 stocks. To see ED's ratings for Growth, Value, Stability, Sentiment, and Quality ratings, <a href="https://stocknews.com/stock/ED/">click here</a>.
Rowe Price Group, Inc. (<a href="https://stocknews.com/stock/TROW/">TROW</a>)
TROW is a publicly owned investment manager. The firm provides services to individuals, institutional investors, retirement plans, financial intermediaries, and other institutions. It launches and manages equity and fixed-income mutual funds and invests in public equity and fixed-income markets globally. The firm employs both fundamental and quantitative analysis, using a bottom-up approach.
On September 10, 2024, TROW launched Personalized Retirement Manager (PRM), an industry-first service combining target date strategies with full personalization. PRM uses personal data to create tailored asset allocations, helping participants achieve better retirement outcomes, and can be selected as a Qualified Default Investment Alternative (QDIA) by plan sponsors.
In terms of the trailing-12-month Return on Common Equity, TROW's 19.77% is 90.8% higher than the 10.36% industry average. Its 26.35% trailing-12-month levered FCF margin is 45.8% higher than the 18.07% industry average. In addition, its 0.53x trailing-12-month asset turnover ratio is 145.5% higher than the industry average of 0.22x.
TROW's annualized dividend of $4.96 per share translates to a dividend yield of 4.57% on the current share price. Its four-year average yield is 3.97%. Its dividend payouts have increased at a CAGR of 6.1% over the past three years. Also, TROW has paid dividends for 37 consecutive years.
During the second quarter that ended on June 30, 2024, TROW's net revenues increased 7.6% year-over-year to $1.73 billion. Its adjusted net operating income grew 9.8% from the prior year to $654.90 million. Similarly, the company's adjusted net income attributable to TROW and adjusted EPS were $519.70 million and $2.26, up 11.4% and 11.9%, respectively, from the prior year's quarter.
Analysts expect TROW's EPS for the quarter ended September 30, 2024, to increase 6% year-over-year to $2.30. Its revenue for the same quarter is expected to grow 9.9% year-over-year to $1.84 billion. It surpassed the consensus EPS estimates in three of the trailing four quarters. TROW's stock has gained 4.7% over the past year to close the last trading session at $106.63.
TROW's strong fundamentals are reflected in its POWR Ratings. It has a B grade for Quality. Within the <a href="https://stocknews.com/category/asset-management/">Asset Management</a> industry, it is ranked #15 out of 47 stocks. To access TROW's grades for Growth, Value, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/TROW/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>

<hr />
KO shares were trading at $69.07 per share on Tuesday afternoon, up $0.06 (+0.09%). Year-to-date, KO has gained 19.88%, versus a 21.47% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/ko-ed-trow-3-dividend-stocks-for-retirees-seeking-consistent-income/>3 Dividend Stocks for Retirees Seeking Consistent Income</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Dividend Stocks for Retirees Seeking Consistent Income

Barclays raised the firm's price target on Consolidated Edison (ED) to $104 from $98 and keeps an Underweight rating on the shares as part of a Q3 ...

Consolidated Edison price target raised to $104 from $98 at Barclays

J.P. Morgan analyst Jeremy Tonet maintained a Sell rating on Consolidated Edison (ED – Research Report) yesterday and set a price target of $105.00...

J.P. Morgan Keeps Their Sell Rating on Consolidated Edison (ED)

RBC Capital analyst Shelby Tucker maintained a Hold rating on Consolidated Edison (ED – Research Report) yesterday and set a price target of $101.0...

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