Consolidated Edison/$ED
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Capital at risk
About Consolidated Edison
Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities generate nearly all of Con Ed's earnings following the sale of its clean energy business to RWE in early 2023.
- Ticker
- $ED
- Sector
- Utilities
- Primary listing
- NYSE
- Employees
- 15,407
- Headquarters
- New York, United States
- Website
- www.conedison.com
ED Metrics
BasicAdvanced
$38B
16.94
$6.09
0.26
$3.51
3.44%
Price and volume
Market cap
$38B
Beta
0.26
52-week high
$116.23
52-week low
$94.96
Average daily volume
2.1M
Dividend rate
$3.51
Financial strength
Current ratio
1.268
Quick ratio
0.967
Long term debt to equity
1.059
Total debt to equity
1.101
Dividend payout ratio (TTM)
54.76%
Interest coverage (TTM)
2.93%
Profitability
EBITDA (TTM)
6,162
Gross margin (TTM)
53.37%
Net profit margin (TTM)
12.53%
Operating margin (TTM)
21.66%
Effective tax rate (TTM)
23.60%
Revenue per employee (TTM)
$1,150,000
Management effectiveness
Return on assets (TTM)
3.24%
Return on equity (TTM)
8.96%
Valuation
Price to earnings (TTM)
16.94
Price to revenue (TTM)
2.115
Price to book
1.48
Price to tangible book (TTM)
1.51
Price to free cash flow (TTM)
-43.411
Free cash flow yield (TTM)
-2.30%
Free cash flow per share (TTM)
-2.375
Dividend yield (TTM)
3.41%
Forward dividend yield
3.44%
Growth
Revenue change (TTM)
9.50%
Earnings per share change (TTM)
10.58%
3-year revenue growth (CAGR)
4.41%
10-year revenue growth (CAGR)
3.87%
3-year earnings per share growth (CAGR)
-4.34%
10-year earnings per share growth (CAGR)
4.66%
3-year dividend per share growth (CAGR)
2.79%
10-year dividend per share growth (CAGR)
2.79%
What the Analysts think about ED
Analyst ratings (Buy, Hold, Sell) for Consolidated Edison stock.
Analyst projections of the future price of Consolidated Edison stock.
Bulls say / Bears say
Second-quarter 2026 net income rose to $308 million from $246 million, while adjusted EPS increased to $0.83 from $0.67; management reaffirmed full-year adjusted EPS guidance of $6.00-$6.20. This suggests rate-base growth and recent rate increases are translating into earnings. (PR Newswire)
Electrification of buildings and transport is creating a steady demand pipeline: new buildings in CECONY’s territory are requesting up to 25% more electric load, while Con Edison plans 28 substations by 2035. That supports a long runway for regulated grid investment and rate-base growth. (Utility Dive)
The proposed three-year steam plan through October 2029 would provide a framework for capital spending, cost recovery and a 9.5% authorised return on equity, with the steam rate base rising from $2.118 billion to $2.311 billion. Even if returns are not generous, the structure would improve visibility for a regulated earnings stream. (StockTitan)
Con Edison is funding a heavy investment cycle while relying on external capital: recent share issuance reduced first-half 2026 EPS by $0.09, and higher long-term debt costs already hurt Orange & Rockland’s earnings. Further issuance or borrowing-cost increases could dilute shareholders and constrain per-share growth. (TradingKey)
Affordability is becoming a regulatory constraint: commercial and small-business bills rose nearly 10% last summer, while a new state law requires utilities to propose rate plans that keep costs below inflation. That may make it harder to pass through the full cost of Con Edison’s grid build-out. (Utility Dive)
The growth plan brings execution risk as well as opportunity: Con Edison expects 28 new substations and tens of billions of dollars of investment, while delays, cost increases or infrastructure problems could affect reliability and financial returns. Delivering this construction programme on time and within budget is therefore central to the investment case. (TradingKey, Utility Dive)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.
ED Financial Performance
Revenues and expenses
ED Earnings Performance
Company profitability
Upcoming events
No upcoming events
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Funds containing ED
AllEURGBPUSD
Fund name | Fund size | $ED weighting |
|---|---|---|
iShares S&P 500 Utilities Sector€2B7A | €1.2B | 3.06% |
iShares S&P 500 Utilities Sector£IUSU | £1B | 3.06% |
SPDR MSCI World Utilities€WUTI | €72M | 1.82% |
SPDR S&P US Dividend Aristocrats€SPYD | €3.3B | 1.33% |
SPDR S&P US Dividend Aristocrats£USDV | £2.8B | 1.33% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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