Consolidated Edison, Inc.
ED · NYSE
Company research
Consolidated Edison, Inc. (NYSE: ED), commonly known as Con Edison, is one of the largest investor-owned energy companies in the United States, founded in 1823 and headquartered in New York City, New York. Through its subsidiaries — primarily Consolidated Edison Company of New York (CECONY) and Orange and Rockland Utilities (O&R) — the company operates regulated electric, gas, and steam delivery businesses, serving approximately 3.7 million electric customers, 1.1 million gas customers, and 1,500 steam customers across New York City, Westchester County, and surrounding regions. With approximately $16.9 billion in revenues in 2025 and a market capitalization of roughly $41 billion, Con Edison generates the majority of its revenue from electric operations, which account for 75% of total earnings, with CECONY representing 93% of that figure. Under the leadership of Chairman, President, and CEO Timothy Cawley, the company is advancing its clean energy transition by investing in solar, wind, smart grid technologies, and EV charging infrastructure, targeting net-zero emissions by 2040, while maintaining a 51-year consecutive dividend growth streak.
Research reports
Blank Capital Research · April 12, 2026CONSOLIDATED EDISON INC (ED) Stock Analysis — April 2026 Rating, Price, and Forecast
Quantitative multi-factor report assigning ED a Hold rating (composite score 50.5/100) and positioning it in the top quartile of utilities, with valuation described as roughly fair versus sector benchmarks and no strong deep-value or overvaluation signal. The analysis highlights solid but not exceptional profitability, manageable leverage, defensive low-volatility characteristics, and concludes that the stock offers a balanced risk–reward profile suitable for cautious investors rather than aggressive upside seekers.
Beanvest · February 27, 2026Consolidated Edison (ED) Stock AnalysisNarrative equity research piece describing ED as a “durable urban utility” with a strong regulated moat, high business predictability, and investment-grade balance sheet, but with structurally negative free cash flow due to heavy capex funded by ongoing debt and equity issuance. The report values ED on normalized owner earnings, emphasizes dividend durability under a 55–65% payout policy, and argues that political and affordability pressures, gas transition risk, and dilution mean investors should be disciplined on entry price rather than expecting outsized upside.
Sure Dividend (Sure Analysis Report) · December 1, 2025Consolidated Edison Inc (ED)Dividend-focused research report updated December 1, 2025 that classifies ED as a Dividend King, models 6% EPS growth and 2.5% dividend growth to 2030, and projects approximately 9.1% annual total return while maintaining a Hold rating. The analysis discusses large planned capital investments and rate-base growth, notes valuation near fair value with only modest multiple expansion potential, and frames ED as attractive for income-focused investors seeking stable dividends but not compelling enough for a buy recommendation on total-return grounds.