Consolidated Edison: Potential High-Single-Digit Returns With Low Risk
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Consolidated Edison, a utility monopoly in NYC, is rated a Buy due to expected earnings growth and its status as a Dividend King. Despite a recent 5% share price dip, Q3 earnings beat estimates, and 2024 EPS guidance was revised upward. Its dividend yield remains competitive.
November 13, 2024 | 1:45 pm
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Consolidated Edison is rated a Buy due to expected earnings growth and its status as a Dividend King. Despite a recent 5% share price dip, Q3 earnings beat estimates, and 2024 EPS guidance was revised upward. Its dividend yield remains competitive.
Consolidated Edison is expected to have high-single-digit returns with low risk due to its earnings growth and strong dividend yield. The recent 5% share price dip is offset by Q3 earnings beating estimates and an upward revision of 2024 EPS guidance, making it attractive for income investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100