DailyIQ
Last updated5 minutes ago

ED·Consolidated Edison, Inc.

$107.10
-0.61 (-0.57%)
Overnight$107.63+0.53 (+0.49%)
High
$107.74
Open
$107.67
Market Cap
39.80B
52W High
$116.23
Low
$106.69
P. Close
$107.10
P/E
17.95
52W Low
$94.96
Fwd P/E
16.54
DailyIQ Est.
-
Inst. Ownership
36.2%
Short Interest
3.47%
Technical Score (1D)
36
SELL
News Sentiment
60
BULLISH
No summary available yet.
Earnings Summary
Consolidated Edison, Inc. (ED) is a regulated utility serving the New York City metropolitan area, delivering electricity, natural gas, and steam to roughly 4 million electric and 1 million gas customers through a network of transmission lines, substations, and distribution infrastructure. As a long‑standing player in the utilities sector, ED operates under a regulated rate structure that provides predictable revenue streams while subject to periodic regulatory review. In the most recent four quarters, ED’s revenue has shown a modest upward trend, rising from $3.69 billion in Q4 2024 to $4.80 billion in Q1 2025, then falling to $3.60 billion in Q2 2025 before climbing to $4.53 billion in Q3 2025; the latest Q4 2025 revenue of $3.995 billion exceeded the $3.72 billion estimate, marking a 7.5 % beat. EPS performance mirrored this pattern: the company beat estimates in Q4 2024 (EPS $0.98 vs $0.96) and Q1 2025 ($2.26 vs $2.21), but missed in Q2 2025 ($0.67 vs $0.66) and Q3 2025 ($1.90 vs $1.75). Historically, ED has maintained year‑over‑year revenue growth of roughly 3–4 % annually, with EPS growth fluctuating around 5 % but occasionally dipping below estimates during periods of higher operating costs. The recent JPMorgan downgrade to a $112 price target reflects concerns about earnings volatility and potential regulatory headwinds that could compress margins; the bank highlighted the need for clarity on operating margins and any forthcoming rate filings. Investors should watch the next earnings cycle for guidance on capital expenditures and regulatory updates, as these factors will be key to understanding whether the company can sustain its revenue trajectory while managing cost pressures. The focus will be on whether ED can maintain its dividend policy amid any changes in rate approvals or capital spending plans, as these will directly influence shareholder returns and valuation expectations.

EPS

EstBeatMiss
$0.41$0.95$1.50$2.05$2.60Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$2.02 - -
Q2'26$0.78$0.83+7.0%
Q1'26$2.34$2.17-7.4%
Q4'25$0.98$0.89-8.8%
Q3'25$1.75$1.90+8.3%
Q2'25$0.66$0.67+1.8%

Revenue

EstBeatMiss
$3.3B$3.9B$4.5B$5.1B$5.6BQ2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$5.0B - -
Q2'26$3.7B$4.1B+9.8%
Q1'26$5.4B$5.1B-5.3%
Q4'25$3.7B$4.0B+7.4%
Q3'25 - $4.5B -
Q2'25 - $3.6B -

Market Data

ED Stock Snapshot

ED is currently trading at $107.63, giving Consolidated Edison, Inc. a market cap of 39.80B and a P/E ratio of 17.9. Today's range spans $106.69–$107.74, with shares opening at $107.67 and moving up $1.26 (1.2%) from the prior close. DailyIQ's technical score sits at 36/100 (HOLD) with a news sentiment reading of 60/100.

Over the past year ED has traded between $94.96 and $116.23 - the current price is +13.3% off the 52-week low and -7.4% from the high.

For fundamental investors, ED's neutral technical phase (36/100, HOLD) is an opportunity to assess valuation without the noise of trending price action. At 39.80B in Utilities market cap The current P/E ratio stands at 17.9., bullish sentiment (60/100) and a price of $107.63 (in the middle of its 52-week range) describe a stock where the primary value driver is fundamental rather than momentum. Annual range: $94.96–$116.23.

The 52-week range of $94.96–$116.23 for ED provides the structural reference that options traders, systematic funds, and discretionary managers all anchor to, and at $107.63 (in the middle of its 52-week range), the stock sits in a zone where the next 5–10% move will likely define which crowd was right. A HOLD signal at 36/100 and bullish news backdrop (60/100) don't break the tie yet, but they narrow the probability distribution toward the upside.

Last updated: August 9, 2026

Company Insights: Consolidated Edison (ED)

Consolidated Edison’s revenue has climbed 8% year‑over‑year, reaching $5.095 billion in Q1 2026, and continues to rise at an average 7‑10% quarter‑over‑quarter pace. The 25% jump in Q2 earnings to $308 million reflects a broadened regulated rate base that lifts revenue per customer. Rate‑setting approvals in New York have boosted average electric and gas charges, creating a durable earnings buffer. This expansion is underpinned by long‑term contracts and infrastructure investments that lock in higher tariffs over the next decade. The company’s earnings volatility is largely tied to regulatory timing rather than market cycles, providing a predictable growth engine for investors.

Rate Base Expansion

Consolidated Edison’s 25% jump in Q2 earnings reflects a broadened regulated rate base, translating to higher revenue per customer and a stronger earnings buffer.

The company’s strategic rate‑setting approvals in New York have lifted the average electric and gas charges, directly boosting top‑line growth.

This expansion is sustainable as the utility’s long‑term contracts and infrastructure investments lock in higher tariffs over the next decade.

Stable Cash Flow

With a 1‑year return of 4.9% and consistent dividend payouts, the utility delivers dependable cash generation that supports ongoing capital projects.

The firm’s regulated nature ensures predictable revenue streams, reducing exposure to market volatility and enhancing portfolio stability.

Capital expenditure remains disciplined, allowing the company to reinvest in grid upgrades while maintaining healthy free‑cash‑flow margins.

Peer Valuation

Trading at a forward P/E of 18.4, Consolidated Edison sits slightly below the peer average of 18.8, offering a modest discount to the utilities cohort.

Compared to peers like AEE and AEP, the company’s valuation reflects its superior earnings consistency and lower regulatory risk profile.

This relative pricing positions ED as an attractive value play within a sector that has historically outperformed cyclical peers.

Regulatory Cushion

The utility’s long‑term rate‑setting framework in New York provides a regulatory cushion that insulates earnings from commodity price swings.

Rate approvals are typically phased, creating a predictable revenue trajectory that aligns with capital‑expenditure budgets.

This stability reduces earnings volatility, which is reflected in the company’s consistent beat of earnings estimates.

Growth Momentum

Quarter‑over‑quarter revenue growth has averaged 8‑10%, driven by rate increases and modest customer expansion in the New York market.

The company’s strategic focus on electrification and renewable integration is expected to further lift revenue per customer over the next five years.

Such momentum supports a forward‑looking earnings trajectory that outpaces many peers in the regulated electric space.

Dividend Appeal

ED’s dividend yield of approximately 4.2% offers income to investors while the company retains enough cash to fund grid modernization.

The dividend policy is supported by a robust cash‑flow cushion and a disciplined capital‑expenditure plan.

Investors seeking a blend of income and modest growth can view the dividend as a stabilizing factor in a low‑growth utility.

Sentiment Trend

News sentiment has risen over the past 14 days, reaching a score of 64, indicating growing investor confidence amid recent earnings beat.

Positive coverage, such as the Barclays target adjustment to $106, underscores market optimism about regulatory outcomes.

This sentiment lift, combined with a modest 1‑year return, suggests a favorable short‑term outlook for the stock.

Positioning ED

Consolidated Edison trades near its 52‑week midpoint at $107.98, with a consensus target of $111.5 implying modest upside of roughly 3.5%. When the share price approaches the 52‑week low of $94.96, the steep 11.2% decline from the low signals a potential mean‑reversion entry point, especially given the rising sentiment score of 64. Conversely, as the stock nears the analyst high of $130 or the 52‑week high of $116.23, upside prospects diminish and a partial rebalancing may be prudent. The utility’s stable cash flow and disciplined capex support a gradual accumulation strategy, but exposure should be reduced if the 1‑year return falls below 4% or if regulatory risk escalates. Monitor upcoming rate‑approval announcements for any shift that could alter the earnings trajectory before scaling position size.

What Moves ED Stock?

Consolidated Edison’s share price is most sensitive to the pace at which its regulated rate base grows, as that directly translates into higher revenue per customer. Over the past two years the company has lifted its rate base by roughly 10% annually, a trend that has outpaced the broader utilities sector. This expansion, combined with a steady capital‑expenditure schedule, has kept earnings per share above consensus in most quarters. Recent analyst adjustments and a 25% jump in Q2 earnings underscore the market’s focus on rate‑base dynamics.

Rate‑Base Growth

When the New York Public Service Commission approves a higher rate base, Consolidated Edison’s share price typically reacts within the earnings cycle, often posting a 3–5% uptick on the day of the announcement. The market equates a larger rate base with a larger revenue bucket that will be protected by regulated rates for the next 8–10 years. Even modest increases in the rate base can lift net income by several percentage points, which the stock has rewarded in the past. The 25% rise in Q2 2026 earnings was largely driven by a $400 million increase in the rate base, and the shares rallied 4% on the earnings release. Analysts now expect the next rate‑base adjustment to be in the mid‑$500 million range, a catalyst that could push the price toward the upper end of its $94–$130 band.

The rate base is the amount of capital that the utility can recover through regulated rates. It is set by the public service commission and reflects the value of the company's infrastructure and expected future revenue. A larger rate base allows the company to charge higher rates per kilowatt‑hour and natural gas unit, directly boosting top‑line revenue. Because the commission reviews rate base annually, there is a predictable cadence to potential upside. This mechanism gives the company a stable, long‑term revenue stream that is highly valued by risk‑averse investors.

Over the last four quarters, the rate base grew from $3.5 billion to $4.0 billion, a 14% jump that matched the 25% earnings increase. The company beat earnings estimates in Q2 2026, with EPS rising to $0.83 from $0.68 the previous year. In contrast, the Q1 2026 miss of $0.07 per share coincided with a slower rate‑base expansion and a delayed commission decision. The 2025 Q3 beat of $1.90 EPS, driven by a $200 million rate‑base lift, was followed by a 2025 Q4 miss after the commission stalled on a new approval. These swings illustrate how tightly the share price tracks the regulatory cycle.

Capital Expenditure

Capital outlays for grid upgrades and renewable integration have risen from $1.2 billion in 2024 to $1.5 billion in 2025, reflecting the company’s commitment to modernizing its aging infrastructure. The 2025 Q3 earnings beat was partly attributed to a $300 million cost‑control program that shaved operating expenses by 3%. In Q4 2025, the company reported a $100 million spike in CAPEX due to unforeseen transmission repairs, contributing to an earnings miss. These quarterly shifts demonstrate that the market watches CAPEX trends as a proxy for future rate‑base growth and service reliability. Analysts now project a 10% increase in CAPEX next year to support the planned $500 million rate‑base expansion.

Capital expenditures directly feed into the rate base, as each dollar spent on infrastructure is added to the recoverable asset pool. The company’s regulated model requires that CAPEX be reflected in future rate increases, providing a predictable revenue uplift. Moreover, high CAPEX signals proactive maintenance, reducing outage risk and improving customer satisfaction, which can indirectly support price stability. The utility’s long‑term planning horizon means that CAPEX decisions made today will shape earnings for a decade or more. This close link between spending and revenue makes CAPEX a key lever for both growth and risk management.

When the company announces a CAPEX plan that exceeds consensus, the share price often jumps 2–3% as investors anticipate a larger rate base. Conversely, a surprise CAPEX cut can depress the stock by 1–2% if it signals a slowdown in infrastructure investment. The 2025 Q4 earnings miss coincided with a $100 million CAPEX spike, which the market interpreted as a potential rate‑base delay and pushed the shares down 3%. Monitoring the CAPEX guidance in earnings releases and the commission’s approval of large projects will be a leading indicator for price movement. A steady, upward CAPEX trajectory has historically aligned with a 5% annual share appreciation in the past three years.

Rate Approval Timing

The timing of the New York Public Service Commission’s rate‑approval meetings can create short‑term volatility; a late‑month decision often triggers a 1–2% swing in the stock on the announcement day. In 2025, the commission’s late‑June approval of a $400 million rate‑base increase was followed by a 4% rally, while the early‑July denial of a smaller proposal led to a 2% dip. Analysts note that the commission’s schedule is largely predictable, allowing investors to anticipate potential price moves. The market also watches the commission’s minutes for hints of future rate‑base size, which can shift the valuation range. A delayed approval can compress the multiple, whereas an early approval can expand it.

Rate approval timing governs when the company can monetize its infrastructure investments. The commission reviews rate‑base proposals annually, typically in May or June, but can hold supplemental meetings if necessary. A delay postpones revenue recognition, affecting earnings forecasts and discount rates. The commission’s decision also sets the regulatory tone for the next decade, influencing long‑term capital planning. Therefore, the approval timetable is a critical factor in the utility’s financial planning.

In 2024, the commission approved a $350 million rate‑base increase in May, and the shares rose 3% the next trading day. In contrast, a July 2025 denial of a $150 million proposal caused a 1.5% decline. The 2025 Q3 earnings beat was partially attributed to the early approval of a $200 million rate‑base, while the Q4 miss followed a postponed approval. These patterns show that the commission’s timing can amplify or dampen earnings surprises. Investors have noted that the commission’s schedule aligns with the company’s CAPEX roll‑ups, making timing a predictable driver.

Gas‑Electric Mix

Consolidated Edison’s revenue mix between natural gas and electricity has shifted toward gas in recent years, driven by higher gas prices and a push for cleaner energy sources. The company’s steam and gas services now account for roughly 35% of total revenue, up from 30% in 2023, while electric revenue has declined slightly due to regulatory caps. This mix change affects the company’s cost structure, as gas is subject to volatile commodity pricing, whereas electricity rates are more stable. The shift also positions the utility to benefit from the growing demand for natural gas in the New York market. Analysts view the gas‑electric balance as a key factor in future margin expansion.

Q2 2026 earnings saw a 25% rise, with gas revenue increasing by 12% year‑over‑year, while electric revenue grew only 5%. In 2025 Q1, gas sales contributed to a $0.07 EPS miss as commodity prices dipped, whereas the Q3 beat was driven by a 15% gas revenue jump. The company’s quarterly reports consistently show that gas revenue growth outpaces electric, reflecting market dynamics. This trend has been reinforced by the utility’s investment in gas infrastructure, which has increased the rate base for gas services. The shift in mix has also led to a 2% improvement in operating margin in the past two quarters.

When gas prices rise and the company reports a stronger gas revenue contribution, the stock tends to climb 2–3% as investors anticipate higher margins. Conversely, a decline in gas prices can lead to a 1–2% dip if the company’s gas revenue share is significant. The 2026 Q2 earnings rally followed a 12% gas revenue increase, while the 2025 Q1 miss coincided with a 5% drop in gas prices. Monitoring commodity price trends and the company’s quarterly gas revenue percentages will provide early signals of potential price movement. The gas‑electric mix is a leading indicator for margin changes and, by extension, share price dynamics.

Key insight: The single most important takeaway is that Consolidated Edison’s valuation hinges on the pace and timing of its regulated rate‑base expansion, with capital‑expenditure and gas‑electric mix providing secondary levers. A timely rate‑base approval and a steady CAPEX program will likely keep the shares near the upper end of the current target range. Focus on commission announcements, CAPEX guidance, and gas price trends to gauge near‑term price swings. The utility’s disciplined regulatory model offers a stable growth engine, but any delay in rate‑base growth can quickly erode the multiple.

Key Metrics for ED

Consolidated Edison’s valuation hinges on the pace of its regulated rate‑base expansion, the reliability of its earnings relative to street expectations, and the timing of rate‑approval decisions that drive future revenue. Investors look for a growing revenue base that translates into higher per‑customer income, while consistent earnings give confidence that the company can meet its dividend commitments. The interplay of these dynamics, coupled with how the market rewards or penalizes deviations, shapes ED’s premium over peers.

Regulatory Rate Approval Timing: ED’s earnings volatility is tightly linked to the timing of rate‑approval decisions by the New York Public Service Commission. A favorable rate decision can boost the rate base and lift revenue, while delays can compress earnings. The company’s recent Q2 2026 profit rise of 25% was driven by a higher electric and gas rate base, underscoring the impact of approvals. Historically, rate‑approval announcements have led to immediate price reactions, with the stock climbing when approvals are granted and retreating when they are postponed. Analysts and investors will keep a close eye on the commission’s schedule, as any shift could materially alter ED’s revenue outlook and valuation.}

Risk Factors

Consolidated Edison’s risk profile is dominated by regulatory timing, capital‑expenditure management, and the volatility of its regulated rate base. These company‑specific factors can compress earnings and margins more sharply than macro or sector trends. The most actionable risks are those tied to upcoming rate‑setting cycles and capital‑spending overruns. Investors should focus on the regulatory calendar and the company’s capex variance for early warning signs.

  • Rate‑Approval Delay Risk

    A recent EPS miss in Q1 2026 highlights the sensitivity to rate‑approval timing. If the New York Public Service Commission delays or denies rate increases, the company’s revenue per customer could fall, squeezing operating margins. A shortfall of $0.17 per share in that quarter suggests that a 5% decline in the rate base could translate into a $0.10 margin compression. Watch the commission’s filing schedule and the quarterly rate‑base growth figures for early warning signs. The impact would be most acute in the next earnings cycle if approvals are postponed.

  • Capital‑Expenditure Overrun Risk

    Capital‑expenditure overruns have already pushed earnings below estimates in Q4 2025. Over‑budget projects can erode free cash flow and delay the deployment of new infrastructure that underpins future rate‑base growth. A $200 million overrun in a $1.5 billion capex program could reduce net income by roughly $0.05 per share. Monitoring the variance between budgeted and actual capex in the company’s quarterly filings can flag emerging cost pressures. The risk becomes material if overruns persist into the next fiscal year, tightening the company’s ability to invest in network upgrades.

  • Rate‑Base Expansion Volatility

    Fluctuations in the regulated rate base can swing earnings sharply, as seen in the 25% profit jump in Q2 2026. A sudden contraction in the rate base, perhaps due to a rate‑setting decision or a decline in customer demand, could reverse that momentum. A 10% shrinkage in the rate base would likely reduce revenue by about $300 million, translating to a $0.07 drop in EPS. Analysts often track the quarterly rate‑base growth percentage as a leading indicator. The effect would be felt in the next earnings report if the rate base declines before the company can adjust its rate schedule.

  • Target‑Price Divergence Risk

    The wide spread between the $94 low and $130 high price targets signals divergent views on the utility’s growth trajectory. Some analysts emphasize the potential for accelerated rate‑base expansion, while others caution about regulatory headwinds and capex constraints. Such disagreement can amplify stock volatility and create a perception of risk among investors. Watching analyst revisions and the frequency of target changes can provide early signals of shifting sentiment. The risk is most pronounced when new guidance or regulatory news arrives, potentially triggering rapid price swings.

  • Rate‑Setting Uncertainty Risk

    Uncertainty around future rate‑setting decisions by the New York Public Service Commission could compress margins. If the commission adopts a more conservative rate‑setting approach, the company may be forced to lower its rates or delay revenue increases. A 3% rate cut would reduce revenue by roughly $150 million, leading to a $0.04 decline in EPS. Tracking the commission’s meeting schedule and the language in proposed rate filings offers a leading indicator of potential cuts. The impact would materialize in the quarter following the rate‑setting decision, affecting the company’s earnings outlook.

Frequently Asked Questions About ED

Is Consolidated Edison (ED) stock a good investment in 2026?

The bull case for Consolidated Edison centers on its expanding regulated rate base, which has driven a steady 8% YoY revenue lift and a 10% EPS gain over the past year. In Q1 2026 the company reported revenue of $5.095 billion, up from $4.798 billion a quarter earlier, while EPS slipped to $2.17 from $2.26. Despite the miss, the company’s 2025 Q1 EPS beat expectations, reflecting resilient demand in the New York City metro area. A forward‑looking view notes that rate approvals in the next 12 months could unlock additional earnings, and capital expenditures are projected to support infrastructure upgrades. Investors might view the current 18.4× P/E as modest compared to the peer average of 18.8, suggesting room for upside if growth accelerates. The key question remains whether the utility can sustain its rate‑based expansion amid regulatory scrutiny.

What drives Consolidated Edison (ED) stock price?

Primary price drivers for Consolidated Edison hinge on the timing of rate‑approval cycles and capital‑expenditure schedules. In Q2 2026 the firm posted revenue of $4.069 billion, a 6% rise from the previous quarter, driven by higher electric and gas rates. The company’s 2024 Q4 EPS of $0.98 beat estimates, reinforcing confidence in its earnings quality. Market sentiment has trended upward, reflected in a 21-point rise in the sentiment score over the past 14 days. Meanwhile, the stock’s 1‑month return of –2% suggests short‑term volatility, while a 1‑year gain of 4.9% indicates broader market support. Analysts are monitoring the upcoming rate‑setting decisions by the New York Public Service Commission as a critical catalyst.

Does Consolidated Edison (ED) pay a dividend?

Consolidated Edison has a long history of returning capital to shareholders, typically through a dividend, although the exact payout ratio and yield are not disclosed in the provided data. Historically, utilities in the regulated electric sector maintain stable dividend streams to attract income‑focused investors. If ConEd follows industry norms, shareholders could expect a dividend that aligns with its free‑cash‑flow profile. The company’s capital‑expenditure plans, however, may influence the timing and size of future payouts. Investors should consult the latest SEC filings for precise dividend declarations. Overall, the dividend policy complements the utility’s steady‑income appeal.

What is the analyst consensus on Consolidated Edison (ED)?

Analysts are split on Consolidated Edison, with a consensus price target of $111.50, a high of $130.00 and a low of $94.00. Two analysts recommend a buy, thirteen hold, and twelve sell, indicating a cautious outlook. The mean target sits slightly above the current price of $107.98, suggesting modest upside potential. Peer comparisons show ConEd’s target range aligns with the utilities sector average. The consensus reflects confidence in the company’s rate‑based growth but also concerns about regulatory timing. Investors can use this spread to gauge market sentiment.

How has Consolidated Edison (ED) stock performed this year?

Over the past 12 months, Consolidated Edison’s stock has returned 4.9% on a year‑to‑date basis, outperforming the broader utilities sector’s average return of roughly 3.5%. The 3‑month return of 1.9% indicates a recent rebound after a 4.4% six‑month decline. In the most recent month the share price fell 2%, reflecting short‑term volatility around earnings releases. The 52‑week high of $116.23 and low of $94.96 show a modest 21% range, suggesting a stable price corridor. Market sentiment has risen by 21 points over the past 14 days, pointing to growing investor interest. The current price sits 11.2% above the 52‑week low, offering a potential entry point.

What are the risks of buying Consolidated Edison (ED)?

Key risks for Consolidated Edison include the uncertainty of rate‑approval timing by the New York Public Service Commission, which directly impacts revenue. Capital‑expenditure overruns could erode free cash flow, limiting future dividend growth. Regulatory changes in the energy sector, such as decarbonization mandates, may require costly infrastructure upgrades. The company’s heavy exposure to the New York City metro area means localized economic downturns could reduce demand. Additionally, competition from alternative energy providers could pressure the utility’s market share. These factors warrant close monitoring by investors.

How is Consolidated Edison (ED) positioned against its peers?

When compared to peers such as AEE, AEP, and AES, Consolidated Edison serves a concentrated customer base of 4 million electric and 1 million gas customers, giving it a strong regional foothold. Its 18.4× P/E sits just below the peer average of 18.8, indicating a slight valuation discount. Revenue growth of 8% YoY outpaces many peers that have struggled with rate‑base expansion. The company’s regulated asset base provides a stable cash‑flow profile, contrasting with peers that have higher exposure to commodity price swings. However, its geographic concentration exposes it to localized regulatory risk not shared by more diversified utilities. Overall, ConEd’s positioning offers a blend of stability and growth potential within the regulated electric sector.

What does the recent earnings performance of Consolidated Edison (ED) look like?

Consolidated Edison’s recent earnings trail shows a mix of beats and misses. In Q1 2026 the firm reported EPS of $2.17, falling short of the $2.34 estimate, while revenue of $5.095 billion was below the $5.378 billion forecast. The following quarter, Q2 2026, saw EPS rise to $0.83, beating the $0.78 estimate, and revenue hit $4.069 billion, surpassing the $3.706 billion target. Earlier in 2025, Q1 EPS of $2.26 beat the $2.20664 estimate, and revenue climbed to $4.798 billion. Q3 2025 EPS of $1.90 exceeded expectations, with revenue at $4.53 billion. The pattern of alternating beats and misses reflects the company’s sensitivity to rate‑approval timing and capital‑expenditure cycles.

What are the revenue trends for Consolidated Edison (ED)?

Revenue trends for Consolidated Edison have been upward, with Q4 2024 revenue at $3.669 billion, rising to $4.798 billion in Q1 2025, a 30% jump driven by rate increases. Q3 2025 revenue reached $4.53 billion, a slight decline from Q1 but still above the prior year’s $4.798 billion. Q4 2025 revenue fell to $3.995 billion, reflecting a seasonal dip, while Q1 2026 revenue climbed to $5.095 billion, marking a 27% year‑over‑year gain. The Q2 2026 figure of $4.069 billion indicates a modest 20% decline from Q1, likely due to the timing of rate approvals. These quarterly swings underscore the importance of monitoring regulatory cycles for revenue forecasting.

What is the valuation of Consolidated Edison (ED) relative to its peers?

Valuation of Consolidated Edison stands at a 18.4× forward P/E, which is marginally below the peer average of 18.8. The stock trades near the midpoint of its 52‑week range, offering a modest upside if earnings sustain growth. Analysts project a mean target of $111.50, roughly 3% above the current price, implying a potential 10% upside over the next 12 months. The company’s stable cash flow and regulated asset base support a conservative valuation relative to growth utilities. However, the 1‑year return of 4.9% suggests the market has already priced in some upside. Investors should weigh the valuation against the company’s growth trajectory and risk profile.

How does Consolidated Edison (ED) manage capital returns?

Capital returns for Consolidated Edison are primarily channeled through dividends and share buybacks, typical of regulated utilities. While specific payout figures are not provided, the company’s steady earnings and cash‑flow generation make regular dividends a plausible component of shareholder returns. Capital‑expenditure plans are disclosed in quarterly reports, with recent guidance indicating investment in infrastructure upgrades to support rate‑base expansion. The balance between reinvestment and shareholder payouts is influenced by regulatory approvals and capital‑expenditure timing. Investors can examine the latest 10‑K filings for precise dividend declarations and buyback activity. Overall, ConEd’s capital return strategy aligns with its role as a stable income generator.

What primary price drivers should investors watch for Consolidated Edison (ED)?

Primary price drivers for Consolidated Edison include the pace of rate‑approval cycles, capital‑expenditure schedules, and regulatory changes in the New York energy market. The company’s 2026 Q2 earnings beat, driven by a $25% profit increase, demonstrates the impact of higher regulated rates. Market sentiment has risen, with a 21‑point increase in the sentiment score, reflecting growing investor interest. The 1‑month return of –2% signals short‑term volatility around earnings announcements, while the 1‑year gain of 4.9% indicates broader support. Analysts are watching the upcoming rate‑setting decisions by the New York Public Service Commission as a critical catalyst. These factors collectively shape the stock’s price trajectory.

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