Consolidated Edison, Inc. Buyback
OLI recorded this information on 3/7/2023
Company:
Consolidated Edison, Inc.
Buyback:
ED buyback
$Amount Authorized:
$1,000,000,000
Buyback Details:
Consolidated Edison, Inc. ("Con Edison") (NYSE: ED) today announced that it has entered into accelerated share repurchase agreements with two dealers to repurchase $1 billion in aggregate of its common shares. Con Edison is funding the repurchases under the accelerated share repurchase agreements from a portion of the proceeds from the sale of Con Edison Clean Energy Businesses, Inc.
Consolidated Edison is a holding company. Through its subsidiaries, Co. is engaged in provision of energy services. Co.'s subsidiaries include: Consolidated Edison Company of New York, Inc., which operates regulated electric, gas and steam delivery businesses; Orange & Rockland Utilities, Inc., which operates regulated electric and gas delivery businesses; Con Edison Clean Energy Businesses, Inc., which develops, owns and operates renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which invests in electric and gas transmission projects.
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Avg. Broker Rec.
  
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Hold (1.65 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: ED Stock Forecast Based on Zacks ABR data; powered by Xignite |
