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Stock impact report

A Look At Consolidated Edison (ED) Valuation After US$775.67m Follow On Equity Offering [Yahoo! Finance]

Consolidated Edison, Inc. (ED) 
Last consolidated edison, inc. earnings: 2/20 04:55 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Consolidated Edison (ED) has just raised about US$775.67m through a follow on equity offering of 7,000,000 common shares at roughly US$110.81 each, a move that directly affects shareholder dilution and funding capacity. See our latest analysis for Consolidated Edison. The follow on offering and forward sale agreement come after a period of stronger momentum, with a 30 day share price return of 5.52% and a 90 day share price return of 14.96%. The 5 year total shareholder return of 96.48% highlights how dividends and reinvestment have added meaningfully to price gains. If news around utilities and grid upgrades has your attention, it could be a good moment to look at 23 power grid technology and infrastructure stocks as another way to find potential opportunities in this theme. With ED now trading around US$112.52, slightly above some analyst targets and with fresh equity just issued, the key question is whether the recent run up leaves much potential upside, or if the market i Show less Read more
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