Consolidated Edison Co Of New York (ED)

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 • Louisville Gas & Electric • LG&E & KU Energy • Consolidated Edison • San Diego Gas & Electric • Public Service Enterprise • Xcel Energy • Public Service Electric & Gas • Ameren ...

SEC CIK

0000023632

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

News

From Benzinga Pro

Earnings Scheduled For May 5, 2022

5 May 22

Companies Reporting Before The Bell • Mirum Pharmaceuticals (NASDAQ:MIRM) is expected to report quarterly loss at $1.34 per share on revenue of $8.46 million.

A Preview Of Consolidated Edison's Earnings

4 May 22

Consolidated Edison (NYSE:ED) is set to give its latest quarterly earnings report on Thursday, 2022-05-05. Here's what investors need to know before the announcement. Analysts estimate that Consolidated Edison will report an earnings per share (EPS) of $1.48.

Benzinga's Top Ratings Upgrades, Downgrades For May 3, 2022

3 May 22

Upgrades

Wells Fargo Downgrades Consolidated Edison to Underweight

3 May 22

US Solar Industry Warns Against Slowdown Due To Tariffs On Solar Panel Imports

29 Apr 22

Press releases

From Benzinga Pro

CON EDISON DECLARES COMMON STOCK DIVIDEND

21 Apr 22

NEW YORK, April 21, 2022 /PRNewswire/ -- Consolidated Edison, Inc. (Con Edison) (NYSE:ED) declared a quarterly dividend of 79 cents a share on its common stock, payable June 15, 2022 to stockholders of record as of May

Con Edison Selects S&P Global KY3P® for Third Party Risk Management Due Diligence Questionnaires

21 Apr 22

S&P Global Market Intelligence adds NATF standard for utilities to KY3P® solution NEW YORK, April 21, 2022 /PRNewswire/ -- S&P Global today announced Con Edison, one of the nation's largest

MYR Group Inc. Subsidiary Awarded Timberland Solar Project with ConEdison

14 Apr 22

HENDERSON, Colo., April 14, 2022 (GLOBE NEWSWIRE) -- MYR Group Inc. ("MYR Group") (NASDAQ:MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial

CON EDISON TO REPORT 1ST QUARTER 2022 EARNINGS ON MAY 5

7 Apr 22

Analyst ratings and price targets

Last 3 months

Average target

$84.67

Low target

$72.00

High target

$100.00

Financial summary

Financial statements Chart ED financial data

Quarter (USD)	Sep 21	Jun 21	Mar 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	215M	215M	215M	215M	215M	215M
Cash burn (monthly)	321M	8.25M	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	2.92B	75.08M	n/a	n/a	n/a	n/a
Cash remaining	-2.71B	139.92M	n/a	n/a	n/a	n/a
Runway (months of cash)	-8.4	17.0	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2022

ED institutional ownership history Ownership history

63.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1044	1003	+4.1%
Opened positions	123	167	-26.3%
Closed positions	82	82	–
Increased positions	354	330	+7.3%
Reduced positions	335	303	+10.6%

13F shares	Current	Prev Q	Change
Total value	21.4B	19.41B	+10.2%
Total shares	226.38M	227.64M	-0.6%
Total puts	1.16M	5.29M	-78.1%
Total calls	1.41M	5.18M	-72.7%
Total put/call ratio	0.8	1.0	-19.8%

Largest owners	Shares	Value	Change
Vanguard	41.69M	$3.95B	+18.0%
BLK Blackrock	41.58M	$3.94B	-8.4%
STT State Street	28.57M	$2.71B	+4.4%
Geode Capital Management	7.22M	$682.56M	+5.0%
LGEN Legal & General	6.41M	$606.7M	+0.9%
Lazard Asset Management	6.33M	$599.77M	-26.7%
IVZ Invesco	4.54M	$429.9M	-2.6%
NTRS Northern Trust	4.04M	$382.15M	-0.8%
Ubs Global Asset Management Americas	3.99M	$378.1M	+9.6%
APG Asset Management	3.27M	$309.06M	-4.8%

Largest transactions	Shares	Bought/sold	Change
Vanguard	41.69M	+6.35M	+18.0%
BLK Blackrock	41.58M	-3.84M	-8.4%
Wolverine Trading	2.47K	-3.75M	-99.9%
Norges Bank	0	-2.91M	EXIT
Lazard Asset Management	6.33M	-2.31M	-26.7%
Electron Capital Partners	0	-1.27M	EXIT
STT State Street	28.57M	+1.21M	+4.4%
JPM JPMorgan Chase & Co.	1.97M	+831.25K	+72.7%
Citadel Advisors	1.2M	+746.93K	+165.9%
Wellington Management	1.28M	-724.44K	-36.1%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

(a)Net income for common stock and earnings per share from the Clean Energy Businesses for the three months ended March 31, 2022 and 2021 includes $51 million or $0.15 a share and $49 million or $0.14 a share of net after-tax mark-to-market effects, respectively. Net income for common stock and earnings per share from the Clean Energy Businesses for the three months ended March 31, 2022 and 2021 also includes $36 million or $0.10 a share (after-tax) and ($1) million or $0.00 a share (after-tax), respectively, of the effects of HLBV accounting for tax equity investments in certain renewable and sustainable electric projects.
(b)Net income for common stock from Con Edison Transmission for the three months ended March 31, 2021 includes $(125) million or $(0.36)
a share of net after-tax goodwill impairment loss related to its investment in Stagecoach. See "Investments - 2021 Partial Impairment of Investment in Stagecoach Gas Services LLC (Stagecoach) in Note A to the First Quarter Financial Statements.

Content analysis

Positive
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Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

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Removed: accumulate, acted, acting, adequate, AFUDC, allege, amend, apparent, ATI, back, billion, bulk, California, carried, catastrophic, charged, civil, colder, comment, compliance, complied, computing, confirmed, construct, deduct, deductibility, deduction, demonstrating, dirt, discrete, downstate, establish, estimation, evaluate, evidence, exercise, expectation, failed, Finally, foregoing, formal, generic, green, hypothetical, ii, improper, imprudent, increasing, injunctive, install, interrupted, inventory, invested, involve, justified, LTP, Marin, MCE, misapplied, misrepresented, modify, mud, nature, Nebraska, noncompliance, NorthWestern, NOx, NPPD, NWE, older, ordering, outage, ozone, Pacific, peaking, penalty, Pennsylvania, periodically, planned, prudence, prudency, published, ratepayer, RCC, receipt, refinance, remedy, removing, repeated, repower, resolution, retire, revoke, Sacramento, SCE, SCPPA, season, seasonal, show, SMUD, solve, spending, statute, strict, thereof, unavailability, unexpected, WAPA, Western

From filing 10-Q 2022 Q1

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