Aankondiging • May 10
Consolidated Edison, Inc. has filed a Follow-on Equity Offering in the amount of $2 billion. Consolidated Edison, Inc. has filed a Follow-on Equity Offering in the amount of $2 billion.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • May 08
First quarter 2026 earnings released: EPS: US$2.55 (vs US$2.26 in 1Q 2025) First quarter 2026 results: EPS: US$2.55 (up from US$2.26 in 1Q 2025). Revenue: US$5.10b (up 6.2% from 1Q 2025). Net income: US$924.0m (up 17% from 1Q 2025). Profit margin: 18% (up from 17% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • May 06
Upcoming dividend of US$0.89 per share Eligible shareholders must have bought the stock before 13 May 2026. Payment date: 15 June 2026. Payout ratio is a comfortable 60% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (3.9%). Declared Dividend • Apr 19
Fourth quarter dividend of US$0.89 announced Shareholders will receive a dividend of US$0.89. Ex-date: 13th May 2026 Payment date: 15th June 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (dividend approximately 36x free cash flows). The dividend has increased by an average of 3.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Apr 17
Consolidated Edison, Inc. Declares Common Stock Dividend, Payable on June 15, 2026 Consolidated Edison, Inc. declared a quarterly dividend of 88.75 cents a share on its common stock, payable June 15, 2026 to stockholders of record as of May 13, 2026. New Risk • Mar 10
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$1.1m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 35x cash flows per share). Significant insider selling over the past 3 months (US$1.1m sold). Reported Earnings • Feb 20
Full year 2025 earnings released: EPS: US$5.66 (vs US$5.26 in FY 2024) Full year 2025 results: EPS: US$5.66 (up from US$5.26 in FY 2024). Revenue: US$16.9b (up 11% from FY 2024). Net income: US$2.02b (up 11% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Declared Dividend • Feb 01
Third quarter dividend increased to US$0.89 Dividend of US$0.89 is 4.4% higher than last year. Ex-date: 18th February 2026 Payment date: 16th March 2026 Dividend yield will be 3.2%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jan 28
Consolidated Edison, Inc. Declares Quarterly Common Stock Dividend, Payable on March 16, 2026 Consolidated Edison, Inc. declared a quarterly dividend of 88.75 cents a share on its common stock, payable March 16, 2026 to stockholders of record as of February 18, 2026, an annualized increase of 15 cents over the previous annualized dividend of $3.40 a share. Aankondiging • Jan 16
Consolidated Edison, Inc. to Report Fiscal Year 2025 Results on Feb 19, 2026 Consolidated Edison, Inc. announced that they will report fiscal year 2025 results After-Market on Feb 19, 2026 Upcoming Dividend • Nov 12
Upcoming dividend of US$0.85 per share Eligible shareholders must have bought the stock before 19 November 2025. Payment date: 15 December 2025. Payout ratio is a comfortable 59% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (4.6%). Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: US$1.91 (vs US$1.70 in 3Q 2024) Third quarter 2025 results: EPS: US$1.91 (up from US$1.70 in 3Q 2024). Revenue: US$4.53b (up 11% from 3Q 2024). Net income: US$688.0m (up 17% from 3Q 2024). Profit margin: 15% (in line with 3Q 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. Aankondiging • Oct 22
Consolidated Edison, Inc. to Report Q3, 2025 Results on Nov 06, 2025 Consolidated Edison, Inc. announced that they will report Q3, 2025 results After-Market on Nov 06, 2025 Declared Dividend • Oct 20
Second quarter dividend of US$0.85 announced Shareholders will receive a dividend of US$0.85. Ex-date: 19th November 2025 Payment date: 15th December 2025 Dividend yield will be 3.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Oct 17
Consolidated Edison, Inc. Declares Common Stock Dividend, Payable on December 15, 2025 Consolidated Edison, Inc. declared a quarterly dividend of 85 cents a share on its common stock, payable December 15, 2025 to stockholders of record as of November 19, 2025. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: US$0.68 (vs US$0.58 in 2Q 2024) Second quarter 2025 results: EPS: US$0.68 (up from US$0.58 in 2Q 2024). Revenue: US$3.60b (up 12% from 2Q 2024). Net income: US$246.0m (up 22% from 2Q 2024). Profit margin: 6.8% (up from 6.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Aankondiging • Aug 07
Consolidated Edison, Inc. Elects Brendan Cavanagh to Board of Director, Safety, Environment, Operations and Sustainability Committees and the Audit Committees, Effective October 1, 2025 Consolidated Edison, Inc. announced that its Board of Directors elected Brendan Cavanagh to Con Edison's Board of Directors, effective October 1, 2025. Mr. Cavanagh was appointed to the Safety, Environment, Operations and Sustainability Committees and the Audit Committees of the Boards, effective October 1, 2025. Mr. Cavanagh is currently the President and Chief Executive Officer of SBA Communications Corporation . Mr. Cavanagh is an experienced executive with broad financial expertise. He has been in his current role since January 2024, and has overseen a significant expansion of SBA's assets. Prior to becoming CEO, Mr. Cavanagh served as Chief Financial Officer of SBA for 15 years. During his 27-year career at SBA, he also served in other senior leadership roles, including Vice President and Chief Accounting Officer and Vice President of Site Administration. Prior to joining SBA, he worked for Arthur Andersen in the audit and assurance practice. Mr. Cavanagh holds a bachelor's degree in accounting from Wake Forest University, and a master's in business administration from Florida Atlantic University. Upcoming Dividend • Aug 06
Upcoming dividend of US$0.85 per share Eligible shareholders must have bought the stock before 13 August 2025. Payment date: 15 September 2025. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (4.9%). Declared Dividend • Jul 21
First quarter dividend of US$0.85 announced Shareholders will receive a dividend of US$0.85. Ex-date: 13th August 2025 Payment date: 15th September 2025 Dividend yield will be 3.4%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (61% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jul 18
Con Edison Declares Common Stock Dividend, Payable on September 15, 2025 Consolidated Edison, Inc. declared a quarterly dividend of 85 cents a share on its common stock, payable September 15, 2025 to stockholders of record as of August 13, 2025. Aankondiging • Jul 11
Consolidated Edison, Inc. to Report Q2, 2025 Results on Aug 07, 2025 Consolidated Edison, Inc. announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 Upcoming Dividend • May 07
Upcoming dividend of US$0.85 per share Eligible shareholders must have bought the stock before 14 May 2025. Payment date: 16 June 2025. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (5.1%). Reported Earnings • May 02
First quarter 2025 earnings released: EPS: US$2.26 (vs US$2.08 in 1Q 2024) First quarter 2025 results: EPS: US$2.26 (up from US$2.08 in 1Q 2024). Revenue: US$4.80b (up 12% from 1Q 2024). Net income: US$791.0m (up 9.9% from 1Q 2024). Profit margin: 17% (in line with 1Q 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Declared Dividend • Apr 20
Fourth quarter dividend of US$0.85 announced Shareholders will receive a dividend of US$0.85. Ex-date: 14th May 2025 Payment date: 16th June 2025 Dividend yield will be 3.0%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Apr 18
Consolidated Edison, Inc. Declares Quarterly Dividend, Payable on June 16, 2025 Consolidated Edison, Inc. (Con Edison) declared a quarterly dividend of 85 cents a share on its common stock, payable June 16, 2025 to stockholders of record as of May 14, 2025. Aankondiging • Apr 12
Consolidated Edison, Inc., Annual General Meeting, May 19, 2025 Consolidated Edison, Inc., Annual General Meeting, May 19, 2025. Aankondiging • Apr 10
Consolidated Edison, Inc. to Report Q1, 2025 Results on May 01, 2025 Consolidated Edison, Inc. announced that they will report Q1, 2025 results After-Market on May 01, 2025 Aankondiging • Mar 06
Consolidated Edison, Inc. has completed a Follow-on Equity Offering in the amount of $631.3293 million. Consolidated Edison, Inc. has completed a Follow-on Equity Offering in the amount of $631.3293 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 6,300,000
Price\Range: $100.211 Aankondiging • Mar 05
Consolidated Edison, Inc. has filed a Follow-on Equity Offering. Consolidated Edison, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 6,300,000 New Risk • Feb 21
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 12% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (12% net profit margin). Upcoming Dividend • Feb 12
Upcoming dividend of US$0.85 per share Eligible shareholders must have bought the stock before 19 February 2025. Payment date: 14 March 2025. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (5.7%). Declared Dividend • Jan 19
Third quarter dividend increased to US$0.85 Dividend of US$0.85 is 2.4% higher than last year. Ex-date: 19th February 2025 Payment date: 14th March 2025 Dividend yield will be 3.6%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Dec 05
Consolidated Edison, Inc. has completed a Follow-on Equity Offering in the amount of $676.62 million. Consolidated Edison, Inc. has completed a Follow-on Equity Offering in the amount of $676.62 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 7,000,000
Price\Range: $96.66 Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$1.70 (vs US$1.53 in 3Q 2023) Third quarter 2024 results: EPS: US$1.70 (up from US$1.53 in 3Q 2023). Revenue: US$4.09b (up 5.7% from 3Q 2023). Net income: US$588.0m (up 12% from 3Q 2023). Profit margin: 14% (in line with 3Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 06
Upcoming dividend of US$0.83 per share Eligible shareholders must have bought the stock before 13 November 2024. Payment date: 16 December 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (5.9%). Aankondiging • Oct 24
Consolidated Edison, Inc. to Report Q3, 2024 Results on Nov 07, 2024 Consolidated Edison, Inc. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 Declared Dividend • Oct 21
Second quarter dividend of US$0.83 announced Shareholders will receive a dividend of US$0.83. Ex-date: 13th November 2024 Payment date: 16th December 2024 Dividend yield will be 3.1%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 2.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Oct 18
Consolidated Edison, Inc. Declares Quarterly Common Stock Dividend, Payable on December 16, 2024 Consolidated Edison, Inc. declared a quarterly dividend of 83 cents a share on its common stock, payable December 16, 2024 to stockholders of record as of November 13, 2024. Upcoming Dividend • Aug 07
Upcoming dividend of US$0.83 per share Eligible shareholders must have bought the stock before 14 August 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (6.0%). Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.58 (vs US$0.65 in 2Q 2023) Second quarter 2024 results: EPS: US$0.58 (down from US$0.65 in 2Q 2023). Revenue: US$3.22b (up 9.4% from 2Q 2023). Net income: US$202.0m (down 11% from 2Q 2023). Profit margin: 6.3% (down from 7.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 22
First quarter dividend of US$0.83 announced Shareholders will receive a dividend of US$0.83. Ex-date: 14th August 2024 Payment date: 16th September 2024 Dividend yield will be 3.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (62% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jul 19
Consolidated Edison, Inc. Declares Quarterly Dividend, Payable on September 16, 2024 Consolidated Edison, Inc. (Con Edison) declared a quarterly dividend of 83 cents a share on its common stock, payable September 16, 2024 to stockholders of record as of August 14, 2024. Aankondiging • Jul 12
Consolidated Edison, Inc. to Report Q2, 2024 Results on Aug 01, 2024 Consolidated Edison, Inc. announced that they will report Q2, 2024 results After-Market on Aug 01, 2024 Upcoming Dividend • May 08
Upcoming dividend of US$0.83 per share Eligible shareholders must have bought the stock before 14 May 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 62% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (5.6%). Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$2.08 (vs US$4.06 in 1Q 2023) First quarter 2024 results: EPS: US$2.08 (down from US$4.06 in 1Q 2023). Revenue: US$4.28b (down 2.8% from 1Q 2023). Net income: US$720.0m (down 50% from 1Q 2023). Profit margin: 17% (down from 33% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 23
Fourth quarter dividend of US$0.83 announced Shareholders will receive a dividend of US$0.83. Ex-date: 14th May 2024 Payment date: 14th June 2024 Dividend yield will be 3.5%, which is lower than the industry average of 4.5%. Sustainability & Growth Dividend is covered by earnings (45% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 5.1% over the next 3 years. However, it would need to fall by 50% to increase the payout ratio to a potentially unsustainable range. Aankondiging • Apr 19
Consolidated Edison, Inc. Declares Quarterly Dividend, Payable June 14, 2024 Consolidated Edison, Inc. declared a quarterly dividend of 83 cents a share on its common stock, payable June 14, 2024 to stockholders of record as of May 15,2024. Aankondiging • Apr 12
Consolidated Edison, Inc. to Report Q1, 2024 Results on May 02, 2024 Consolidated Edison, Inc. announced that they will report Q1, 2024 results After-Market on May 02, 2024 Aankondiging • Apr 11
Consolidated Edison, Inc., Annual General Meeting, May 20, 2024 Consolidated Edison, Inc., Annual General Meeting, May 20, 2024, at 10:00 US Eastern Standard Time. Agenda: To elect as the members of the Board of Directors the twelve nominees named in the Proxy Statement; to ratify the appointment of PricewaterhouseCoopers LLP as independent accountants for 2024; to approve, on an advisory basis, named executive officer compensation; to approve the Company’s Stock Purchase Plan; and to transact such other business as may properly come before the meeting, or any adjournment or postponement of the meeting. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: US$7.25 (vs US$4.68 in FY 2022) Full year 2023 results: EPS: US$7.25 (up from US$4.68 in FY 2022). Revenue: US$14.7b (down 6.4% from FY 2022). Net income: US$2.52b (up 52% from FY 2022). Profit margin: 17% (up from 11% in FY 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 06
Upcoming dividend of US$0.83 per share at 3.7% yield Eligible shareholders must have bought the stock before 13 February 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of British dividend payers (6.0%). Lower than average of industry peers (5.6%). Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 6 highly experienced directors. Independent Director Karol Mason was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jan 19
Consolidated Edison, Inc. Declares Quarterly Dividend, Payable on March 15, 2024 Consolidated Edison, Inc. (Con Edison) declared a quarterly dividend of 83 cents a share on its common stock, payable March 15, 2024 to stockholders of record as of February 14, 2024, an annualized increase of 8 cents over the previous annualized dividend of $3.24 a share. Aankondiging • Jan 17
Consolidated Edison, Inc. to Report Q4, 2023 Results on Feb 15, 2024 Consolidated Edison, Inc. announced that they will report Q4, 2023 results After-Market on Feb 15, 2024 Upcoming Dividend • Nov 07
Upcoming dividend of US$0.81 per share at 3.6% yield Eligible shareholders must have bought the stock before 14 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of British dividend payers (6.4%). Lower than average of industry peers (5.7%). Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$1.53 (vs US$1.73 in 3Q 2022) Third quarter 2023 results: EPS: US$1.53 (down from US$1.73 in 3Q 2022). Revenue: US$3.87b (down 7.0% from 3Q 2022). Net income: US$526.0m (down 14% from 3Q 2022). Profit margin: 14% (down from 15% in 3Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 05
Consolidated Edison, Inc. to Report Q3, 2023 Results on Nov 02, 2023 Consolidated Edison, Inc. announced that they will report Q3, 2023 results After-Market on Nov 02, 2023 Upcoming Dividend • Aug 08
Upcoming dividend of US$0.81 per share at 3.6% yield Eligible shareholders must have bought the stock before 15 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (5.9%). Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$0.65 (vs US$0.72 in 2Q 2022) Second quarter 2023 results: EPS: US$0.65 (down from US$0.72 in 2Q 2022). Revenue: US$2.94b (down 14% from 2Q 2022). Net income: US$226.0m (down 11% from 2Q 2022). Profit margin: 7.7% (up from 7.5% in 2Q 2022). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 1.4% decline forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 18
Consolidated Edison, Inc. to Report Q2, 2023 Results on Aug 03, 2023 Consolidated Edison, Inc. announced that they will report Q2, 2023 results After-Market on Aug 03, 2023 Upcoming Dividend • May 09
Upcoming dividend of US$0.81 per share at 3.3% yield Eligible shareholders must have bought the stock before 16 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (5.7%). Lower than average of industry peers (5.4%). Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$4.06 (vs US$1.70 in 1Q 2022) First quarter 2023 results: EPS: US$4.06 (up from US$1.70 in 1Q 2022). Revenue: US$4.40b (up 8.4% from 1Q 2022). Net income: US$1.43b (up 138% from 1Q 2022). Profit margin: 33% (up from 15% in 1Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • Feb 18
Full year 2022 earnings released: EPS: US$4.68 (vs US$3.86 in FY 2021) Full year 2022 results: EPS: US$4.68 (up from US$3.86 in FY 2021). Revenue: US$15.7b (up 15% from FY 2021). Net income: US$1.66b (up 23% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue is forecast to stay flat during the next 3 years compared to a 1.7% growth forecast for the Integrated Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 07
Upcoming dividend of US$0.81 per share at 3.5% yield Eligible shareholders must have bought the stock before 14 February 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (4.9%). Aankondiging • Jan 25
Consolidated Edison, Inc. to Report Fiscal Year 2022 Results on Feb 16, 2023 Consolidated Edison, Inc. announced that they will report fiscal year 2022 results at 4:00 PM, US Eastern Standard Time on Feb 16, 2023 Aankondiging • Jan 20
Consolidated Edison, Inc. Declares Common Stock Dividend, Payable March 15, 2023 Consolidated Edison, Inc. declared quarterly dividend of 81 cents a share on its common stock, payable March 15, 2023 to stockholders of record as of February 15, 2023, an annualized increase of 8 cents over the previous annualized dividend of $3.16 a share. Upcoming Dividend • Nov 08
Upcoming dividend of US$0.79 per share Eligible shareholders must have bought the stock before 15 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (5.2%). Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: US$1.73 (vs US$1.52 in 3Q 2021) Third quarter 2022 results: EPS: US$1.73 (up from US$1.52 in 3Q 2021). Revenue: US$4.17b (up 15% from 3Q 2021). Net income: US$613.0m (up 14% from 3Q 2021). Profit margin: 15% (in line with 3Q 2021). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, while revenues in the Integrated Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Aug 09
Upcoming dividend of US$0.79 per share Eligible shareholders must have bought the stock before 16 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 68% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of British dividend payers (5.1%). Lower than average of industry peers (4.9%). Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$0.72 (vs US$0.48 in 2Q 2021) Second quarter 2022 results: EPS: US$0.72 (up from US$0.48 in 2Q 2021). Revenue: US$3.42b (up 15% from 2Q 2021). Net income: US$255.0m (up 55% from 2Q 2021). Profit margin: 7.5% (up from 5.6% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 3.2% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • May 10
Upcoming dividend of US$0.79 per share Eligible shareholders must have bought the stock before 17 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 72% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of British dividend payers (4.9%). Lower than average of industry peers (4.4%). Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$1.70 (vs US$1.22 in 1Q 2021) First quarter 2022 results: EPS: US$1.70 (up from US$1.22 in 1Q 2021). Revenue: US$4.06b (up 10% from 1Q 2021). Net income: US$602.0m (up 44% from 1Q 2021). Profit margin: 15% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 1.4% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Recent Insider Transactions • Feb 24
Non-Independent Non-Executive Director recently sold US$6.3m worth of stock On the 22nd of February, John McAvoy sold around 75k shares on-market at roughly US$84.69 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$6.2m more than they bought in the last 12 months. Reported Earnings • Feb 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$3.86 (up from US$3.29 in FY 2020). Revenue: US$13.7b (up 12% from FY 2020). Net income: US$1.35b (up 22% from FY 2020). Profit margin: 9.8% (in line with FY 2020). Revenue exceeded analyst estimates by 3.8%. Over the next year,revenue is forecast to stay flat, in line with the revenue forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 08
Upcoming dividend of US$0.79 per share Eligible shareholders must have bought the stock before 15 February 2022. Payment date: 15 March 2022. Payout ratio is on the higher end at 92% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of British dividend payers (4.3%). In line with average of industry peers (3.6%). Recent Insider Transactions • Dec 07
VP & Treasurer recently sold US$117k worth of stock On the 3rd of December, Yukari Saegusa sold around 1k shares on-market at roughly US$80.46 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$177k more than they sold in the last 12 months. Upcoming Dividend • Nov 09
Upcoming dividend of US$0.78 per share Eligible shareholders must have bought the stock before 16 November 2021. Payment date: 15 December 2021. Trailing yield: 4.0%. Lower than top quartile of British dividend payers (4.1%). In line with average of industry peers (3.8%). Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS US$1.52 (vs US$1.47 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: US$3.61b (up 8.4% from 3Q 2020). Net income: US$538.0m (up 9.1% from 3Q 2020). Profit margin: 15% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 10
Upcoming dividend of US$0.78 per share Eligible shareholders must have bought the stock before 17 August 2021. Payment date: 15 September 2021. Trailing yield: 4.1%. Within top quartile of British dividend payers (3.8%). In line with average of industry peers (4.0%). Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$0.48 (vs US$0.57 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$2.97b (up 9.3% from 2Q 2020). Net income: US$165.0m (down 13% from 2Q 2020). Profit margin: 5.6% (down from 7.0% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Executive Departure • May 24
Independent Director has left the company On the 17th of May, George Campbell's tenure as Independent Director ended after 21.3 years in the role. As of March 2021, George personally held 4.16k shares (US$310k worth at the time). A total of 2 executives have left over the last 12 months. Upcoming Dividend • May 11
Upcoming dividend of US$0.78 per share Eligible shareholders must have bought the stock before 18 May 2021. Payment date: 15 June 2021. Trailing yield: 3.9%. Lower than top quartile of British dividend payers (4.0%). In line with average of industry peers (4.0%). Reported Earnings • May 08
First quarter 2021 earnings released: EPS US$1.22 (vs US$1.12 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: US$3.68b (up 14% from 1Q 2020). Net income: US$419.0m (up 12% from 1Q 2020). Profit margin: 11% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 23
New 90-day low: US$67.10 The company is down 14% from its price of US$78.01 on 24 November 2020. The British market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Integrated Utilities industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$76.03 per share. Reported Earnings • Feb 20
Full year 2020 earnings released: EPS US$3.29 (vs US$4.09 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$12.2b (down 2.6% from FY 2019). Net income: US$1.10b (down 18% from FY 2019). Profit margin: 9.0% (down from 11% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. 
