Stock of the Day

Consolidated Edison (ED)

$109.79

+$0.19 (+0.2%)

Market Cap: $40.53B

About Consolidated Edison

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1

million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.2 million customers in southeastern New York. In addition, it operates 545 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 90,051 in-service line transformers; 3,788 pole miles of overhead distribution lines; and 2,314 miles of underground distribution lines, as well as 4,363 miles of mains and 380,870 service lines for natural gas distribution. Further, the company invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.

Consolidated Edison Bull Case

Here are some ways that investors could benefit from investing in Consolidated Edison, Inc.:

• Consolidated Edison, Inc. recently declared a quarterly dividend of 88.75 cents per share, payable on December 15, 2026, which supports a dividend yield of 3.24% based on the current stock price of $109.79, offering a steady income stream for investors.
• The company demonstrated strong financial performance in its most recent earnings report on August 6, 2026, where it reported earnings per share of $0.83, exceeding the consensus estimate of $0.76, and generated revenue of $4.07 billion, surpassing the expected $3.60 billion.
• Consolidated Edison, Inc. is expanding its grid capacity in New York, including a $47.3 million capacity upgrade to a Bronx facility, which supports reliability and enables long-term rate-base growth, a key driver for utility valuation.
• The stock exhibits low volatility with a beta of 0.26, indicating that it is less sensitive to overall market movements, which can provide stability in a diversified portfolio during periods of market uncertainty.
• Institutional investors have shown confidence in the company, with BlackRock Inc. buying a new stake worth approximately $4.6 billion in the second quarter and Lazard Asset Management LLC increasing its position by 14.8% in the first quarter.

Consolidated Edison Bear Case

Investors should be bearish about investing in Consolidated Edison, Inc. for these reasons:

• Analyst sentiment is largely negative, with a consensus rating of "Reduce" and a consensus price target of $107.73, which is below the current stock price of $109.79, suggesting limited near-term upside potential.
• KeyCorp lowered its third-quarter 2026 earnings per share forecast to $2.05 from $2.24 and maintains an "Underweight" rating with a price target of $87.00, reflecting concerns about the company's near-term earnings trajectory.
• New York City officials are challenging Consolidated Edison, Inc.'s bill and rate plans, which raises regulatory and political risks that could impact future revenue and allowed returns for the utility.
• Several major financial institutions have recently cut their price targets, including Goldman Sachs reducing its target to $102 from $106 and KeyBanc cutting its target to $87 from $94, indicating a bearish outlook from key market participants.
• The company's debt-to-equity ratio stands at 1.04, which, while manageable, indicates a significant level of leverage that could constrain financial flexibility in a rising interest rate environment.

Recent News

• Consolidated Edison declares $0.8875 dividend (seekingalpha.com)
• CON EDISON DECLARES COMMON STOCK DIVIDEND (prnewswire.com)
• Goldman Sachs Adjusts Price Target on Consolidated Edison to $102 From $106 (marketscreener.com)
• Con Edison to Report 3rd Quarter 2026 Earnings on November 5 (prnewswire.com)
• New Yorkers are now footing Con Ed’s property tax bill thanks to NYC’s dysfunctional system (nypost.com)
• Mamdani takes on Con Edison: Can he bring down New York’s soaring power bills? (msn.com)
• 5 Utility Stocks With Yields High Enough to Matter and Coverage Strong Enough to Trust (247wallst.com)
• Consolidated Edison Stock And 2 Utilities With Inflation Linked Revenue (finance.yahoo.com)
• KeyBanc Adjusts Consolidated Edison Price Target to $87 From $94 (marketscreener.com)