Consolidated Edison Inc (ED)

Consolidated Edison Inc (ED)

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Consolidated Edison Inc (ED) Profile

Consolidated Edison, Inc. operates regulated electric, gas, and steam distribution industries in the United States throughout its subsidiaries. Electric service is provided to roughly 3.5 million consumers in New York City and Westchester County; gas service is provided to approximately 1.1 million people in Manhattan, the Bronx, and portions of Queens and Westchester County with gas service; and roughly 1,576 customers with steam service in parts of Manhattan. Additionally, it serves around 0.3 million consumers in southeastern New York and northern New Jersey with electricity and about 0.1 million customers with natural gas in southern New York.

The corporation owns and runs 533 circuit miles of power lines, 15 transmission substations, 64 redistribution substations, 89,673-line transformers in service, and 3,729 pole miles of overhead distribution network. And 2,210 miles of an underground distribution system, in addition to 4,341 miles of mains and 377,490 service lines for natural gas distribution. Additionally, it owns, operates, and develops renewable energy and energy infrastructure projects; provides energy-related products and services to wholesale and retail clients; and participates in electric and natural gas transmission projects. The company's primary business is the sale of power to industrial, commercial, domestic, and public sector consumers. Edison, Inc. is headquartered in New York.

Full-Time Employees: 14,071. Latest Stock price 83.52-0.42 (-0.50%. )At close: January 14 04:05 PM EST. Consolidated Edison Inc total assets for the quarter ending September 30, 2021 were $62.938B. Market cap 29.545B USD.

Consolidated Edison Inc (ED.xnys) News
Gateway Investment Advisers Llc (Current Portfolio), based in Cincinnati, OH, acquired Danaher Corp, Consolidated Edison Inc, Exxon Mobil Corp, Moderna Inc, and Match Group Inc, and sold AT&T Inc, Allstate Corp, Fidelity National Information Services Inc, Phillips 66, and Simon Property Group Inc during the three months ended 2021Q4, according to the investment company's most last several filings. Gateway Investment Advisers Llc holds 530 stocks worth a total of $10.5 billion as of 2021Q4.

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

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