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Consolidated Edison, Inc. (ED)
NYSE:ED
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Consolidated Edison
(NYSE:ED)
Rating:65Neutral
Price Target:
$111.00
▲(9.24%Upside)
Positive Factors
Earnings
Consolidated Edison, Inc. reported Q1 adjusted operating EPS of $2.26, which is higher than Consensus and BofA estimates.
Financial Performance
ConEd's guidance of EPS growth at 6-7% through 2029 is based on a solid rate base growth and authorized ROE, indicating a strong long-term outlook.
Investment Opportunities
The potential sale of ED’s stake in Mountain Valley Pipeline (MVP) could provide funding for capital investment in the short-term.
Negative Factors
Affordability Concerns
Growing affordability issues and opposition to rate increases create headwinds for the rate case.
Market Uncertainty
Investors may focus on the ongoing rate case and the stop work order at the Empire Wind 1 site, which suggests uncertainty around these projects.
Regulatory Challenges
The proposed 2026 rate base is $2.4 billion lower than the request, representing a significant adjustment compared to previous cases.
Consolidated Edison (ED) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$36.61B
Dividend Yield3.31%
Average Volume (3M)2.85M
Price to Earnings (P/E)18.8
Beta (1Y)-0.06
Revenue Growth8.52%
EPS Growth3.91%
CountryUS
Employees15,097
SectorUtilities
Sector Strength79
IndustryRegulated Electric
Share Statistics
EPS (TTM)2.26
Shares Outstanding360,296,100
10 Day Avg. Volume2,462,969
30 Day Avg. Volume2,848,965
Financial Highlights & Ratios
PEG Ratio6.01
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio-49.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$106.45Price Target Upside4.76% Upside
Rating ConsensusHold
Number of Analyst Covering11
Consolidated Edison Business Overview & Revenue Model
Company DescriptionConsolidated Edison, Inc. (ED), commonly known as Con Edison, is a major investor-owned energy company based in New York City. It primarily operates in the utility sector, focusing on the regulated distribution, transmission, and generation of electricity, gas, and steam. Con Edison serves millions of customers in New York City and Westchester County, and it is committed to providing reliable and sustainable energy solutions.
How the Company Makes MoneyConsolidated Edison generates revenue through its regulated utility operations, which involve the distribution of electricity, natural gas, and steam to residential, commercial, and industrial customers. The company earns money by charging customers for the energy consumed, which includes the costs of generation, transmission, and delivery. Additionally, Con Edison invests in infrastructure improvements and maintenance to ensure reliable service, which can also contribute to rate adjustments approved by regulatory bodies. The company may also engage in energy-related projects and partnerships that support renewable energy initiatives and grid modernization, further impacting its revenue streams.
Consolidated Edison Financial Statement Overview
Summary
Consolidated Edison exhibits a solid financial foundation with strong income-generating capabilities. The balance sheet shows a reliance on debt, which, while common in the utilities sector, requires careful management. Cash flow improvements are noteworthy, although further enhancements in liquidity would benefit the company's financial flexibility.Income Statement
Consolidated Edison has shown consistent revenue generation with a slight decline recently. The gross profit margin is robust, indicating efficient cost management. However, the net profit margin has fluctuated, partly due to variable operating expenses. The EBIT and EBITDA margins remain healthy, reflecting strong operational performance.75
Positive
Balance Sheet
The company's balance sheet suggests solid equity backing, with a commendable equity ratio. However, the debt-to-equity ratio highlights a significant level of leverage, which might pose risks if not managed properly. Return on equity has been reasonable, showcasing decent profitability relative to shareholder investment.68
Positive
Cash Flow
Operating cash flow is strong, supporting robust free cash flow generation in the latest year. The company has managed to turn around its free cash flow from negative to positive, indicating improvements in cash management. Nonetheless, the free cash flow to net income ratio suggests room for enhancement in converting earnings to cash.70
Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 15.78B | 15.26B | 14.66B | 15.67B | 13.68B | 12.25B | Gross Profit |
| 8.87B | 8.17B | 7.41B | 7.68B | 7.67B | 7.15B | EBIT |
| 2.78B | 2.67B | 3.20B | 2.62B | 2.83B | 2.65B | EBITDA |
| 5.66B | 5.48B | 6.06B | 5.03B | 4.72B | 4.37B | Net Income Common Stockholders |
| 1.89B | 1.82B | 2.52B | 1.66B | 1.35B | 1.10B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.27B | 1.32B | 1.19B | 1.28B | 992.00M | 1.27B | Total Assets |
| 62.68B | 70.56B | 66.33B | 69.06B | 63.12B | 62.90B | Total Debt |
| 25.08B | 27.82B | 25.01B | 24.41B | 25.36B | 25.08B | Net Debt |
| 23.81B | 26.50B | 23.82B | 23.13B | 24.37B | 23.81B | Total Liabilities |
| 43.83B | 48.60B | 45.17B | 48.18B | 42.78B | 43.83B | Stockholders Equity |
| 18.85B | 21.96B | 21.16B | 20.69B | 20.04B | 18.85B |
| Cash Flow | Free Cash Flow | ||||
| -811.00M | -1.16B | -2.34B | -233.00M | -1.22B | -1.71B | Operating Cash Flow |
| 3.88B | 3.61B | 2.16B | 3.94B | 2.73B | 2.20B | Investing Cash Flow |
| -5.16B | -5.27B | -1.00B | -4.57B | -3.48B | -4.22B | Financing Cash Flow |
| 1.47B | 1.80B | -1.49B | 1.01B | 461.00M | 2.25B |
Consolidated Edison Technical Analysis
Negative
101.61
Price Trends
106.91
Negative
102.21
Negative
99.51
Positive
Market Momentum
-1.21
Positive
39.82
Neutral
19.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ED, the sentiment is Negative. The current price of 101.61 is below the 20-day moving average (MA) of 103.28, below the 50-day MA of 106.91, and above the 200-day MA of 99.51, indicating a neutral trend. The MACD of -1.21 indicates Positive momentum. The RSI at 39.82 is Neutral, neither overbought nor oversold. The STOCH value of 19.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ED.
Consolidated Edison Risk Analysis
Consolidated Edison disclosed 15 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
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $33.70B | 20.61 | 12.96% | 3.27% | 4.42% | 11.98% | |
71 Outperform | $35.39B | 26.66 | 8.96% | 2.88% | -0.84% | -37.59% | |
69 Neutral | $40.02B | 21.92 | 11.40% | 3.03% | 11.24% | 1.15% | |
68 Neutral | $34.37B | 14.38 | 8.55% | 0.45% | 1.91% | -4.40% | |
65 Neutral | $36.61B | 18.76 | 8.33% | 3.31% | 8.52% | 3.91% | |
65 Neutral | $39.51B | 20.20 | 10.26% | 3.23% | -0.44% | 2.14% | |
64 Neutral | $8.54B | 10.30 | 4.69% | 4.37% | 4.14% | -13.04% |
* Utilities Sector Average
Performance Comparison
ED
Consolidated Edison
101.61
12.39
13.89%
ETR
Entergy
82.15
29.46
55.91%
PCG
PG&E
15.64
-2.73
-14.86%
PEG
Public Service Enterprise
80.20
8.39
11.68%
WEC
WEC Energy Group
105.60
28.91
37.70%
XEL
Xcel Energy
68.51
15.19
28.49%
Consolidated Edison Corporate Events
Executive/Board ChangesShareholder Meetings
Consolidated Edison Holds Annual Shareholder Meeting
Positive
May 21, 2025
At the Annual Meeting, Consolidated Edison, Inc. stockholders elected board members, ratified PricewaterhouseCoopers LLP as independent accountants for 2025, and approved executive compensation. These decisions reflect continued shareholder support for the company’s leadership and strategic direction, potentially reinforcing its stability and market position.
The most recent analyst rating on (ED) stock is a Hold with a $97.00 price target. To see the full list of analyst forecasts on Consolidated Edison stock, see the ED Stock Forecast page.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.