10 Best Dividend Stocks To Invest In Right Now

10 Best Dividend Stocks To Invest In Right Now: Consolidated Edison Company of New York Inc. (ED)

Consolidated Edison, Inc., through its subsidiaries, provides electric, gas, and steam utility services in the United States. It provides electric service to approximately 3.3 million customers and gas service to approximately 1.1 million customers in New York City and Westchester County, as well as provides steam service to office buildings and apartment houses in parts of Manhattan. The company also provides electric service to approximately 0.3 million customers in southeastern New York and in adjacent areas of northern New Jersey, and northeastern Pennsylvania; and gas service to approximately 0.1 million customers in southeastern New York and adjacent areas of northeastern Pennsylvania. In addition, Consolidated Edison involves in the sale and related hedging of electricity to wholesale and retail customers; operation of generating plants; participation in other infrastructure projects; and provision of energy-efficiency services, including the design and installation of lighting retrofits, high-efficiency heating, ventilating and air conditioning equipment, and other energy saving technologies to government and commercial customers. It serves residential, industrial, and large commercial customers. The company was founded in 1884 and is based in New York, New York.

Advisors' Opinion:

• [By Shauna O'Brien]

  On Wednesday, Jefferies reported that it has downgraded energy company Consolidated Edison, Inc. (ED) to “Hold.”

  The firm has cut its rating on ED from “Buy” to “Hold,” and has slashed its price target from $67 to $58. This price target suggests a 4% upside from the stock’s current price of $55.90.

  Analyst Paul B. Fremont noted: “We are downgrading Con Edison to Hold from Buy due to lower estimates that are predicated on a reduction in retail margins at the company’s unregulated business! (Con Ed Solutions).”

  “Additionally we believe parties involved in the current electric, gas and steam rate filing will be unable to reach a settlement agreement, which could put further downward pressure on the company’s earnings,” added the analyst.

  Looking ahead, analysts have lowered third quarter earnings estimates on ED from $1.45 to $1.35 per share. For FY2013, estimates have been cut from $3.80 to $3.65 per share. FY2014 estimates have been reduced from $3.90 to $3.75 per share.

  Consolidated Edison shares were down 40 cents, or 0.72%, during pre-market trading Wednesday. The stock has been mostly flat YTD.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/10-best-dividend-stocks-to-invest-in-right-now-2.html