ED Consolidated Edison Co Of New York Inc

Consolidated Edison Inc. (Con Edison) incorporated in New York State in 1997, is a holding company that owns all of the outstanding common stock of Consolidated Edison Company of New York Inc. (CECONY), Orange and Rockland Utilities Inc. (O&R), Con Edison Clean Energy Businesses Inc. and Con Edison Transmission Inc. As used in this report, the term the “Companies” refers to Con Edison and CECONY.

Company profile

Ticker

Website

Incorporated

Location

Fiscal year end

Industry (SIC)

Electric & Other Services Combined

Duke Energy • PG&E • Consolidated Edison • Public Service Enterprise • Xcel Energy • Ameren • NiSource • CMS Energy • Pacific Gas & Electric • Public Service Electric & Gas ...

SEC CIK

0000023632

Corporate docs

Articles of Incorporation & Bylaws

Company financial data Financial data

Chart ED financial data

Quarter (USD)	Mar 20	Dec 19	Sep 19	Jun 19
Revenue	3.23B	2.95B	3.37B	2.74B
Net income	392M	313M	503M	179M
Diluted EPS	1.12	0.89	1.42	0.46
Net profit margin	12.12%	10.61%	14.95%	6.52%
Operating income	808M	565M	867M	458M
Net change in cash	414M	903M	-753M	425M
Cash on hand	1.4B	981M	78M	831M

Annual (USD)	Dec 19	Dec 18	Dec 17	Dec 16
Revenue	12.57B	12.34B	12.03B	12.08B
Net income	1.44B	1.38B	1.53B	1.25B
Diluted EPS	4.08	4.42	4.94	4.12
Net profit margin	11.45%	11.20%	12.67%	10.31%
Operating income	2.68B	2.66B	2.77B	2.78B
Net change in cash	86M	98M	21M	-168M
Cash on hand	981M	895M	797M	776M

Financial data from company earnings reports

Institutional ownership Q1 2020

ED institutional ownership history Ownership history

59.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	908	963	-5.7%
Opened positions	79	111	-28.8%
Closed positions	134	83	+61.4%
Increased positions	294	311	-5.5%
Reduced positions	347	303	+14.5%

13F shares	Current	Prev Q	Change
Total value	250.24B	291.94B	-14.3%
Total shares	199.91M	202.09M	-1.1%
Total puts	804.39K	521.81K	+54.2%
Total calls	1.09M	937.57K	+16.6%
Total put/call ratio	0.7	0.6	+32.2%

Largest owners	Shares	Value	Change
BLK BlackRock	33.42M	$2.61B	+2.0%
Vanguard	28.76M	$2.24B	+2.5%
STT State Street	23M	$1.79B	+2.1%
IVZ Invesco	5.87M	$458.03M	-0.7%
Geode Capital Management	5.63M	$438.13M	+2.0%
Renaissance Technologies	4.77M	$372.37M	+19.2%
LGEN Legal & General	4.62M	$360.56M	+3.3%
Capital Research Global Investors	4.48M	$349.37M	NEW
NTRS Northern Trust	4.27M	$333M	+0.1%
APG Asset Management	3.42M	$267.03M	+5.5%

Largest transactions	Shares	Bought/sold	Change
Capital Research Global Investors	4.48M	+4.48M	NEW
Norges Bank	0	-3.3M	EXIT
Aqr Capital Management	3M	-2.22M	-42.5%
DB Deutsche Bank	2.7M	+1.61M	+148.6%
Citadel Advisors	1.43M	+1.41M	+5505.3%
WFC Wells Fargo & Company	1.11M	-978.95K	-46.8%
Panagora Asset Management	214.94K	-971.84K	-81.9%
ExodusPoint Capital Management	20.42K	-907.36K	-97.8%
Renaissance Technologies	4.77M	+767.3K	+19.2%
Vanguard	28.76M	+702.61K	+2.5%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

We face risks related to health epidemics and other outbreaks, including the COVID-19 pandemic.

Management Discussion

Con Edison’s principal business segments are CECONY’s regulated utility activities, O&R’s regulated utility activities, the Clean Energy Businesses and Con Edison Transmission. CECONY’s principal business segments are its regulated electric, gas and steam utility activities. A discussion of the results of operations by principal business segment for the years ended December 31, 2019, 2018 and 2017 follows. For additional business segment financial information, see Note N to the financial statements in Item 8.
(a) Includes parent company and consolidation adjustments.
(b) Represents the consolidated results of operations of Con Edison and its businesses.

Content analysis ?

Positive
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Legalese
Litigous
Readability	H.S. junior Avg

New words: air, bargaining, battery, bearing, catastrophic, complied, consultant, cooling, East, electrification, employ, enable, Fitch, foregone, formal, found, geographic, grace, healthcare, heating, importation, inventory, legislation, lift, lifted, likelihood, partially, partnership, PAUSE, phased, prepay, prohibiting, prohibition, reached, reopen, resumed, running, scope, space, surcharge, symptom, Tennessee, tree, trimming, Tropical, union, usage

Removed: abrogation, agree, approve, challenging, concurrent, conditioned, confirmation, consistent, debtor, determination, exercising, foreclose, impaired, implementation, intentional, interconnection, jurisdiction, misconduct, modification, negotiate, possession, reflecting, reject, rejected, rejection, remain, research, resolution, ruled, ruling, secure, terminate, tested, written

From filing 10-Q 2020 Q2