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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.

Analyst ratings and price targets

Last 3 months

Calendar

5 May 22
2 Jul 22
31 Dec 22
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

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%

Financial report summary

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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

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