에 대한 최신 뉴스 Consolidated Edison (NYSE:ED) 주식

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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Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) underwent analysis by 8 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">4</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $100.62, with a high estimate of $116.00 and a low estimate of $85.00. This upward trend is apparent, with the current average reflecting a 5.13% increase from the previous average price target of $95.71.
<img src="https://www.benzinga.com/files/images/story/2024/1734026478_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</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>Andrew Weisel</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$100.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>David Arcaro</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$85.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$99.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Nicholas Campanella</td>
<td>Barclays</td>
<td>Raises</td>
<td>Underweight</td>
<td>$104.00</td>
<td>$98.00</td>
</tr>
<tr>
<td>Ryan Levine</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$116.00</td>
<td>$103.00</td>
</tr>
<tr>
<td>Julien Dumoulin-Smith</td>
<td>Jefferies</td>
<td>Announces</td>
<td>Hold</td>
<td>$108.00</td>
<td>-</td>
</tr>
<tr>
<td>David Arcaro</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Underweight</td>
<td>$87.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>William Appicelli</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$106.00</td>
<td>$105.00</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: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Consolidated Edison compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Consolidated Edison's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Consolidated Edison's market standing. Stay informed and make well-considered 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>Consolidated Edison: Delving into Financials</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Over the 3 months period, Consolidated Edison showcased positive performance, achieving a revenue growth rate of 5.68% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Utilities sector.
Net Margin: Consolidated Edison's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 14.37% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Consolidated Edison's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.71%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.86%, the company showcases effective utilization of assets.
Debt Management: Consolidated Edison's debt-to-equity ratio is below the industry average. With a ratio of 1.2, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</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.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Deep Dive Into Consolidated Edison Stock: Analyst Perspectives (8 Ratings)

Scotiabank analyst Andrew Weisel upgrades Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) from Sector Underperform to Sector Perform and raises the price target from $90 to $100.

News

Upgrades

Price Target

Scotiabank Upgrades Consolidated Edison to Sector Perform, Raises Price Target to $100

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 lowers the price target from $88 to $85.

Morgan Stanley Maintains Underweight on Consolidated Edison, Lowers Price Target to $85

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 lowers the price target from $104 to $99.

Barclays Maintains Underweight on Consolidated Edison, Lowers Price Target to $99

Guidance

Con Edison CFO Kirk Andrews Says We Are Narrowing And Revising Our 2024 Adjusted EPS Guidance To The Upper Half Of Our Original Range

Consolidated Edison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) reported quarterly earnings of $1.68 per share which beat the analyst consensus estimate of $1.62 by 3.7 percent.

Earnings

Earnings Beats

Consolidated Edison Q3 2024 Adj. EPS $1.68 Beats $1.62 Estimate

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.

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.

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: 
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<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>
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Image: Shutterstock

Long Ideas

Markets

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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>

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: 
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<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>
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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

The utilities industry is well-poised for significant growth and expansion, driven by ever-surging demand, evolving technologies, and a shift from traditional fuel sources. Therefore, it could be wise to consider investing in quality electric utility stocks Duke Energy (DUK), Consolidated Edison (ED), and American Electric Power (AEP) with consistent dividends. Continue Reading... The utilities sector's growth prospects appear appealing with the growing and evolving consumer demand, strong economic developments, and technological advancements.
Given the industry's resilient outlook, it could be wise to invest in fundamentally sound utility stocks Duke Energy Corporation (<a href="https://stocknews.com/stock/DUK/">DUK</a>), Consolidated Edison, Inc. (<a href="https://stocknews.com/stock/ED/">ED</a>), and American Electric Power Company, Inc. (<a href="https://stocknews.com/stock/AEP/">AEP</a>) for potential gains.
Driven by worldwide population growth, urbanization, and the adoption of efficient technologies like EVs, Artificial Intelligence (AI), and data centers, the global electricity demand is on a rapid surge. Further, the global push towards decarbonization and green revolution significantly contributes to the market dynamics.
The residential sector is leading the highest consumption of electricity in the United States. Power demand in the US is expected to hit record highs in the forthcoming period. <a href="https://www.reuters.com/business/energy/us-power-use-reach-record-highs-2024-2025-eia-forecast-says-2024-12-10/">U.S. Energy Information Administration (EIA)</a> projects power demand to surge to 4,165 billion kWh in 2025, which was around 4,086 billion kWh in 2024.
With such a rapid increase in electricity demand, the utilities market is poised to expand exponentially going forward. The global utilities market is expected to reach around $9.21 trillion by 2029, exhibiting growth at a <a href="https://www.thebusinessresearchcompany.com/report/utilities-global-market-report">CAGR of 6%</a>. The market growth over the coming years is attributable to faster economic growth, changing trends toward renewable energy, and increasing population.
Thus, investors could lean towards sound utility stocks offering consistent dividend payouts to benefit from the blossoming utility industry. Investors will have the advantage of regular income along with a high potential for capital appreciation over the years.
Given the promising prospects of the <a href="https://stocknews.com/category/utilities-domestic/">Utilities - Domestic</a> industry, let's look at the fundamentals, starting with the third stock.
Stock #3: Duke Energy Corporation (<a href="https://stocknews.com/stock/DUK/">DUK</a>)
DUK, together with its subsidiaries, operates as an energy company. It operates in the Electric Utilities and Infrastructure (EU&amp;I) and Gas Utilities and Infrastructure (GU&amp;I) segments. The company generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.
DUK's annual dividend payout of $4.18 translates to a yield of 3.86% at the current share price. Its four-year average dividend yield is 3.99%. Moreover, the company's dividends have increased at a CAGR of 2% over the past three years. DUK has raised its dividends for 13 consecutive years.
On November 21, DUK launched the Duke Energy + Electrada Fleet Mobility Microgrid in Mount Holly, a first-of-its-kind electrification center for commercial and public electric fleet vehicles. This first-of-its-kind project in the U.S. aims to offer a zero-emission, carbon-free microgrid option for fleet charging.
During the third quarter that ended September 30, 2024, DUK reported total operating revenues of $8.15 billion, representing growth of 2% year-over-year. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> grew 1.6% year-over-year to $2.14 billion. Also, net income available to DUK common shareholders stood at $1.23 billion and $1.60 per share, up 1.1% and 0.6% year-over-year, respectively.
For the fourth quarter (ended December 2024), analysts expect DUK's revenue to grow 1.3% year-over-year to $7.30 billion. For the same quarter, the company's EPS is expected to increase 9.9% year-over-year to $1.66. Furthermore, DUK has surpassed the consensus revenue estimate in each of the trailing four quarters.
DUK's stock has gained 7.5% over the past six months and 8.9% over the past year to close the last trading session at $108.23.
DUK's robust outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Stability. Within the <a href="https://stocknews.com/category/utilities-domestic/">Utilities - Domestic</a> industry, DUK is ranked #21 of 58 stocks.
<a href="https://stocknews.com/stock/DUK/">Click here</a> to access additional ratings of DUK for Value, Momentum, Growth, Sentiment, and Quality.
Stock #2: Consolidated Edison, Inc. (<a href="https://stocknews.com/stock/ED/">ED</a>)
ED engages in the regulated electric, gas, and steam delivery businesses. The company provides electric services to approximately 3.7 million customers in New York City and Westchester County, gas to around 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County, and steam to approximately 1,530 customers in parts of Manhattan.
On October 17, ED declared a quarterly dividend of $0.83 a share on its common stock. The dividend payment was made on December 16, 2024, to stockholders of record as of November 13, 2024.
The company pays an annual dividend of $3.32, which translates to a yield of 3.73% at the current share price. Its four-year average dividend yield is 3.64%. Moreover, the company's dividend payouts have increased at a CAGR of 2.3% over the past three years. ED has raised its dividends for 50 consecutive years.
In the third quarter that ended on September 30, 2024, ED's total operating revenues increased 5.7% year-over-year to $4.09 billion. The company's operating income grew 19.4% from the year-ago value to $862 million. Its adjusted earnings came in at $583 million or $1.68 per share, indicating increases of 3.9% and 3.7% from the prior year's quarter, respectively.
Analysts expect ED's revenue and EPS for the second quarter (ending June 2025) to increase 8.7% and 15.3% year-over-year to $3.50 billion and $0.68, respectively. Also, the company has topped the consensus EPS estimate in all four trailing quarters, which is remarkable.
Shares of ED have surged marginally over the past six months to close the last trading session at $89.01.
ED's POWR Ratings reflect its sound fundamentals. The stock is ranked #9 out of 58 stocks within the same industry.
<a href="https://stocknews.com/stock/ED/">Click here</a> to access all the ED ratings.
Stock #1: American Electric Power Company, Inc. (<a href="https://stocknews.com/stock/AEP/">AEP</a>)
AEP is an electric public utility holding company engaged in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers. The company operates in Vertically Integrated Utilities; Transmission and Distribution Utilities; AEP Transmission Holdco; and Generation &amp; Marketing segments.
On December 18, AEP's subsidiary Southwestern Electric Power Co. announced the ongoing development of several new generation projects. These initiatives are designed to enhance SWEPCO's diverse energy portfolio by adding natural gas facilities with wind and solar farms, addressing the growing capacity demands of its customers in a cost-effective manner.
On October 22, AEP's Board of Directors declared a regular quarterly cash dividend of $0.93 per share on its common stock, reflecting an increase of $0.05 per share. The dividend was paid on December 10, 2024, to shareholders of record as of November 8, 2024, and marked AEP's 458th consecutive quarterly common stock cash dividend.
AEP pays a $3.72 annual dividend yielding 4.03% at the current share price. Its four-year average dividend yield is 3.63%. Its dividends have increased at a 6% CAGR over the past three years and a 5.7% CAGR over the past five years.
During the third quarter that ended September 30, 2024, AEP's total revenues increased 1.5% year-over-year to $5.42 billion, and its operating income amounted to $1.35 billion for the same quarter. The company's non-GAAP total operating earnings came in at $985.40 million and $1.85 per share, up 6.7% and 4.5% year-over-year, respectively.
Street expects AEP's EPS and revenue to grow 2.7% and 4.9% year-over-year to $1.26 and $4.87 billion for the fourth quarter (ended December 2024). Moreover, the company has topped the consensus EPS estimates in three of the trailing four quarters.
Over the past six months, the stock has gained 5.9% and 9.2% over the past year to close the last trading session at $92.26.
AEP's bright prospects are reflected in its POWR Ratings. AEP has a B grade for Stability and Growth. It is ranked #2 among 58 stocks within the Utilities - Domestic industry.
To see the other ratings of AEP for Value, Quality, Momentum, and Sentiment, <a href="https://stocknews.com/stock/AEP/">click here</a>.
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DUK shares were trading at $108.23 per share on Thursday afternoon, up $1.42 (+1.33%). Year-to-date, DUK has gained 0.45%, versus a 0.58% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/duk-aep-ed-3-electric-utility-stocks-powering-up-consistent-dividends/>3 Electric Utility Stocks Powering Up Consistent Dividends</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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