CONSOL EDISON (ED)
 
Quote Price $59.10
Price change for today in $ 0.07
Price change for today in % 0.11
Open Price $59.00
Previous Close $59.03
Daily Range $58.98 - $59.52
52-Week Range $49.18 - $62.74
Volume 1,406,766
 
 
Brokerage Analyst Recommendations 
12 Brokerage Firms Covering ED
 
   
Strong Buy
0 		Buy
0 		Hold
9		 Sell
2		 Strong Sell
1
Average Broker Recommendation (ABR):3.31 
 
Description
Consolidated Edison, Inc. is one of the nation's largest investor-owned energy companies. The company provides a wide range of energy- related products and services to its customers through regulated utility subsidiaries and competitive energy and telecommunications businesses.
 
4 IRVING PLACE ROOM 1618 S
NEW YORK, NY
10003, USA
Phone: 2124604600
Fax: 212-475-0734
Web: http://www.conedison.com
Email: dl-investorrelations@coned.com		 Industry:UTIL-ELEC PWR
Sector: Utilities
Fiscal Year End:December
Last Reported Quarter:03/31/12
Next EPS Date:08/09/12
 
Capital Structure Solvency and Cash Flow

Capital and Financing Update

At the end of 2Q10, cash and temporary cash investments were $178.0 million versus $311.0 million in 2Q09. Accounts receivable, customers, less allowance for uncollectible accounts were $1,075.0 million versus $938.0 million in 2Q09. Net utility plant was $23,072.0 million versus $21,585.0 million in 2Q09. Accounts payable were $1,094.0 million versus $939.0 million in 2Q09. Long-term debt was $10,552.0 million versus $9,664.0 million in 2Q09. Total shareholders’ equity was $10,593.0 million versus $9,748.0 million in 2Q09.

The company plans to issue approximately $300.0-$500.0 million of equity and $600.0–$900.0 million of debt in 2010.

Dividend Update

On December 15, 2010, the company is expected to pay a quarterly dividend of $0.5950 to stockholders of record as of November 17, 2010, as announced by the Board of Directors on October 21, 2010.
 




 
Last edited Fri Nov 12, 2010 12:35 AM
by PushpanjaliBanerjee (Zacks Investment Research)		6make a comment about Capital Structure Solvency and Cash Flow
 
Governance Social Responsibility and Employee Relations
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Acquisitions Divestitures and Joint Ventures

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Recent and Upcoming Events

 
Major Risks

Capital Markets: The company may need to raise equity and debt to fund its capex program at Con Edison, New York, and if cost of debt increases, its earnings will be affected.

Uncertain Regulatory Environment: Given the company’s general rate case filings, the uncertain regulatory environment remains the primary concern for the company.
 


Last edited Fri Nov 12, 2010 12:42 AM
by PushpanjaliBanerjee (Zacks Investment Research)		make a comment about Major Risks
 


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