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Stock impact report

How Consolidated Edison's (ED) US$776 Million Equity Raise Has Changed Its Investment Story [Yahoo! Finance]

Consolidated Edison, Inc. (ED) 
Last consolidated edison, inc. earnings: 2/20 04:55 pm Check Earnings Report
Company Research Source: Yahoo! Finance
This fresh equity capital, coming alongside brighter analyst earnings estimates and sentiment, highlights how investors appear to support the utility's funding approach for its regulated operations. With improving analyst sentiment around its recent equity raise, we'll explore how this financing shapes Consolidated Edison's investment narrative for shareholders. Uncover the next big thing with 32 elite penny stocks that balance risk and reward. What Is Consolidated Edison's Investment Narrative? To own Consolidated Edison, you have to be comfortable with a slow-and-steady, regulated utility that funds heavy infrastructure needs with a mix of rate-regulated earnings and periodic equity raises. The latest US$775.67 million follow-on offering at about US$110.81 per share slightly dilutes existing holders, but it also shores up the balance sheet for ongoing grid, gas, and steam investments. Given the stock's double-digit year-to-date gain and analyst earnings estimates that have Show less Read more
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