Consolidated Edison, Inc. (ED) AI Stock Analysis

Consolidated Edison, Inc., along with its subsidiaries, operates as a regulated electric, gas, and steam utility. It delivers electric service to approximately 3.5 million customers in New York City and Westchester County, supplies gas to about 1.1 million customers, and provides steam to 1,555 customers in parts of Manhattan. Additionally, it serves roughly 0.3 million electricity customers in southeastern New York and northern New Jersey and approximately 0.1 million gas customers in southeastern New York. Its network includes transmission lines, substations, distribution lines, and transformers. The company also engages in renewable energy and infrastructure projects.

Revenue expanded from $13.67B in FY2021 to $16.92B in FY2025, recording a 5-year revenue CAGR of 6.7%. Growth was 11.7% in FY2021, 14.6% in FY2022, dropped 6.5% in FY2023, and rebounded with 4.2% in FY2024 and 10.9% in FY2025. Operating margin shifted from 20.5% in FY2021 to 17.3% in FY2025, while net margin moved from 9.8% to 12.0%. Net income increased from $1.35B in FY2021 to $2.02B in FY2025, alongside EPS rising from $4.38 to $5.72. For the quarter ending June 30, 2026, quarterly revenue grew 13.2% year-over-year, and quarterly earnings grew 22.1%.

As of June 30, 2026, Consolidated Edison held $1.47B in cash and short-term investments against $28.32B in total debt, leading to net debt of $26.85B. Shareholders' equity stood at $25.72B, yielding a debt-to-equity ratio of 1.10 and a current ratio of 1.27. In FY2025, the business generated $4.80B in operating cash flow and $36.0M in free cash flow after funding $4.76B in capital expenditures. That same fiscal year, the company paid $1.17B in dividends and raised $1.37B through share issuance.

At a last close of $112.26, Consolidated Edison trades at a trailing P/E of 18.2x, lower than the median of its S&P 500 Utilities peers at 21.0x. Its forward P/E of 16.1x is close to the peer median of 16.0x. The company's EV/EBITDA of 10.1x is below the peer median of 12.2x, and its price-to-sales of 2.3x compares to 2.9x for the peer group. Over the past year, the stock returned 14.8%, trailing the S&P 500 return of 16.8%, and over five years it returned 79.2% versus 83.0% for the index.

Consolidated Edison offers a forward annual dividend of $3.55, representing a dividend yield of 3.16% and a payout ratio of 60.6%. The company has paid dividends for 57 consecutive years, with a 5-year annualized dividend growth rate of 2.1%. The last ex-dividend date shown is November 18, 2026.

Consolidated Edison is covered by analysts with 3 Strong Buy, 0 Buy, 8 Hold, 4 Sell, and 3 Strong Sell recommendations. The consensus mean price target is $108.66, which is 3.2% below the last close of $112.26. For the fiscal year ending December 31, 2026, analysts estimate EPS of $6.11 and revenue of $17.57B. The company beat EPS estimates in 3 of the last 4 quarters, and the next earnings date is November 5, 2026.

This page is an AI-written research summary of Consolidated Edison, Inc. (ED). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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