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Consolidated Edison
(NYSE:ED)
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Rating:65Neutral
Price Target:
$117.00
â–²(3.53% Upside)
Action:Reiterated
Date:08/07/26
ED scores as a steady, mid-range regulated utility: solid profitability and improving TTM free cash flow support the fundamentals, while elevated leverage and historically uneven cash-flow conversion limit financial flexibility. Technical signals are slightly negative (below 20/50/100DMA with negative MACD), partially offset by reasonable valuation and a ~3.19% dividend yield. Recent financing and governance events are mildly supportive but not transformational.
Positive Factors
Regulated rate-base business
Con Edison’s core revenue comes from regulated electric, gas and steam delivery where rates are set to recover costs plus an allowed return. This produces predictable, long-duration cash flows tied to capital investment and rate-base growth, supporting durable earnings over multi-year horizons.
Negative Factors
Meaningful leverage
Debt levels are typical for capital-intensive utilities but limit balance-sheet flexibility. Elevated leverage constrains the company’s ability to absorb higher interest rates, unexpected cost overruns or accelerated capex without more dilutive or costly financing, complicating long-term financial resiliency.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated rate-base business
Con Edison’s core revenue comes from regulated electric, gas and steam delivery where rates are set to recover costs plus an allowed return. This produces predictable, long-duration cash flows tied to capital investment and rate-base growth, supporting durable earnings over multi-year horizons.
Read all positive factors
Consolidated Edison Key Performance Indicators (KPIs)
Any
Operating Income By Segment
Shows the profitability of each business segment, helping investors understand which parts of the company are most financially successful and where there might be challenges or opportunities.
Shows the profitability of each business segment, helping investors understand which parts of the company are most financially successful and where there might be challenges or opportunities.
Data provided by:
The Fly
The FlyConsolidated Edison (ED) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$40.23B
Dividend Yield3.25%
Average Volume (3M)2.23M
Price to Earnings (P/E)17.7
Beta (1Y)-0.25
Revenue Growth9.50%
EPS Growth10.40%
CountryUS
Employees15,407
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)6.11
Shares Outstanding368,529,700
10 Day Avg. Volume2,057,788
30 Day Avg. Volume2,227,323
Financial Highlights & Ratios
PEG Ratio2.31
Price to Book (P/B)1.47
Price to Sales (P/S)2.10
P/FCF Ratio986.03
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$108.33Price Target Upside-4.14% Downside
Rating ConsensusHold
Number of Analyst Covering10
EPS Forecast (FY)6.1
Revenue Forecast (FY)$17.58B
Consolidated Edison Business Overview & Revenue Model
Company Description
Consolidated Edison, Inc., through its various subsidiaries, primarily operates in the regulated sectors of electricity, natural gas, and steam distribution across the United States. The company supplies electric power to approximately 3.5 million...
How the Company Makes Money
Con Edison makes most of its money through regulated utility operations. Its primary revenue streams come from (1) electricity delivery: charging regulated rates for distributing electricity over its wires network to end customers; (2) natural gas...
Consolidated Edison Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.69B | 16.92B | 15.26B | 14.65B | 15.66B | 13.67B |
| Gross Profit | 13.44B | 10.49B | 9.76B | 8.96B | 9.55B | 8.89B |
| EBITDA | 6.53B | 6.15B | 5.48B | 6.06B | 5.17B | 4.37B |
| Net Income | 2.22B | 2.02B | 1.82B | 2.52B | 1.66B | 1.35B |
Balance Sheet | ||||||
| Total Assets | 76.46B | 74.60B | 70.56B | 66.33B | 69.06B | 63.12B |
| Cash, Cash Equivalents and Short-Term Investments | 1.47B | 1.63B | 1.32B | 1.19B | 1.28B | 992.00M |
| Total Debt | 28.32B | 28.75B | 27.82B | 25.01B | 24.41B | 25.36B |
| Total Liabilities | 50.74B | 50.41B | 48.60B | 45.17B | 48.18B | 42.78B |
| Stockholders Equity | 25.72B | 24.19B | 21.96B | 21.16B | 20.69B | 20.04B |
Cash Flow | ||||||
| Free Cash Flow | 5.07B | 36.00M | -1.16B | -2.34B | -233.00M | -1.22B |
| Operating Cash Flow | 3.96B | 4.80B | 3.61B | 2.16B | 3.94B | 2.73B |
| Investing Cash Flow | -4.95B | -5.25B | -5.27B | -1.00B | -4.57B | -3.48B |
| Financing Cash Flow | 956.00M | 746.00M | 1.80B | -1.49B | 1.01B | 461.00M |
Consolidated Edison Technical Analysis
Neutral
113.01
Price Trends
108.96
Negative
108.23
Negative
105.00
Positive
Market Momentum
-0.48
Negative
48.01
Neutral
51.73
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ED, the sentiment is Neutral. The current price of 113.01 is above the 20-day moving average (MA) of 108.48, above the 50-day MA of 108.96, and above the 200-day MA of 105.00, indicating a neutral trend. The MACD of -0.48 indicates Negative momentum. The RSI at 48.01 is Neutral, neither overbought nor oversold. The STOCH value of 51.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ED.
Consolidated Edison Risk Analysis
Consolidated Edison disclosed 17 risk factors in its most recent earnings report. Consolidated Edison reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Consolidated Edison Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $36.19B | 21.03 | 12.19% | 3.19% | 8.93% | -0.59% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | $40.23B | 17.68 | 8.90% | 3.07% | 9.50% | 10.40% | |
64 Neutral | $37.68B | 18.65 | 11.73% | 3.28% | 17.78% | 1.50% | |
63 Neutral | $46.77B | 16.53 | 9.61% | 3.45% | 6.56% | 3.72% | |
60 Neutral | $49.45B | 21.64 | 9.64% | 2.85% | 4.57% | 1.46% | |
59 Neutral | $50.43B | 27.26 | 10.41% | 2.17% | 10.19% | -2.59% |
* Utilities Sector Average
ED
Consolidated Edison
108.00
9.76
9.93%
ETR
Entergy
107.96
20.91
24.02%
EXC
Exelon
45.30
1.83
4.21%
PEG
Public Service Enterprise
75.33
-5.29
-6.57%
WEC
WEC Energy Group
109.34
4.45
4.24%
XEL
Xcel Energy
79.41
8.44
11.89%
Consolidated Edison Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Consolidated Edison Issues New Long-Term Registered Debentures
Positive
Jun 3, 2026
On June 1, 2026, Consolidated Edison Company of New York, Inc. entered into an underwriting agreement with a syndicate led by J.P. Morgan Securities, Mizuho Securities USA, PNC Capital Markets and Wells Fargo Securities to issue two new series of ...
Executive/Board ChangesShareholder Meetings
Consolidated Edison Shareholders Back Directors, Pay and Auditor
Positive
May 20, 2026
At its May 18, 2026 annual meeting, Consolidated Edison stockholders elected the company’s slate of directors, with all nominees, including CEO Timothy P. Cawley and other board members, receiving majority support despite some notable opposi...
Business Operations and StrategyPrivate Placements and Financing
Con Edison Launches $2 Billion At-The-Market Equity Program
Neutral
May 8, 2026
On May 8, 2026, Con Edison entered into an equity distribution agreement with a syndicate of major financial institutions to establish an at-the-market equity program for up to $2 billion of its common shares. The program allows the utility to iss...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.