Should You Buy Consolidated Edison Stock Before Feb. 19?

Those eyeing an concern successful Consolidated Edison (NYSE: ED) should people Feb. 19th connected their calendar. That's erstwhile the electrical inferior volition study its fourth-quarter and full-year fiscal results. It's besides the time aft the grounds day for the company's adjacent dividend payment, meaning investors indispensable ain shares earlier that day to person the upcoming payment.

Here's a look astatine whether it would marque consciousness to buy the electrical inferior stock earlier Feb. 19.

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Consolidated Edison, which focuses connected providing energy and earthy state services to customers successful the New York City metro area, past reported net successful aboriginal November. The institution posted adjusted net of $1.90 per share, which was up from $1.68 per stock successful the year-ago period. The inferior besides narrowed and revised its full-year guidance to the precocious fractional of its archetypal range.

Despite the beardown effect and upwardly revised guidance, shares of the electrical inferior hardly budged close aft it reported earnings. However, they person rallied much than 17% implicit the past fewer months. That's owed to falling involvement rates (utilities are highly rate-sensitive) and the increasing anticipation that AI volition thrust a surge successful energy request successful the coming years, fueling accelerated maturation for utilities.

Consolidated Edison has present generated $4.82 per stock of adjusted net done the 3rd quarter. With it revising its guidance scope to $5.60 to $5.70 per share, it implies the inferior volition study betwixt $0.78 and $0.88 per stock of adjusted net successful the 4th quarter. As agelong arsenic its results don't autumn abbreviated of the debased end, the banal astir apt won't determination overmuch aft earnings.

In summation to reporting net this week, Consolidated Edison's dividend grounds day is rapidly approaching. The institution declared its latest dividend connected Jan. 27, payable connected March 16. However, investors request to ain the utility stock by the marketplace adjacent connected Feb. 18 to person this dividend payment.

The upcoming dividend is noteworthy. Consolidated Edison conscionable raised its outgo to $0.8875 per stock ($3.40 annualized), a 4.6% summation from the erstwhile level. That extended the company's maturation streak to 52 years successful a row, maintaining its spot connected the Dividend Kings database arsenic a institution with 50 oregon much years of consecutive dividend increases. At its caller rate, the inferior yields 3.1%, much than treble the S&P 500's level (1.2%)