Consolidated Edison Inc

Consolidated Edison delivers electricity, natural gas, and steam to New York City and Westchester County—one of the most densely populated and economically vital utility service territories in the world. Its subsidiary Orange & Rockland serves parts of New York and New Jersey. The steam distribution system in Manhattan, which heats and cools buildings through underground pipes, is unique in the US. ConEd also owns clean energy infrastructure through its competitive subsidiaries, including solar generation and transmission assets outside its regulated territory.

ConEd's New York City service territory provides an exceptionally stable demand base—the city's economic activity is among the most resilient in the country. The New York Public Service Commission's regulatory framework, while sometimes challenging, generally allows recovery of infrastructure investment. Aging underground infrastructure in Manhattan requires billions in ongoing capital spending, which translates into rate base growth that supports earnings. The stock serves primarily as an income investment given limited growth expectations for a mature urban utility.

ConEd has no competition for customers within its regulated NYC territory. For investment comparison, National Grid serves upstate New York and provides the closest geographic peer. Eversource Energy serves New England with a similar urban-heavy regulated utility profile. Among Dividend Aristocrat utilities, American Electric Power and Southern Company are commonly cited alongside ConEd in income-focused utility portfolios.

Consolidated Edison has increased its dividend every year for more than 50 consecutive years, making it one of the longest-running Dividend Aristocrats and a Dividend King by some classifications. The company has prioritized dividend consistency above almost all other capital allocation considerations. The yield is among the higher in the regulated utility sector, reflecting both the stock's mature growth profile and ConEd's deliberate commitment to income investors as its primary shareholder base.

ED last closed at $109.88, up 0.71% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $94.50 and a high of $115.25. The current price represents 74% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

Among 27 analysts covering ED, the consensus rating is Strong Sell — 3 rate it a buy, 12 hold, and 12 sell. The average price target sits at $127.62, implying 16% upside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

Consolidated Edison Inc generated $16.48B in revenue during fiscal year 2026, with $1.97B reaching the bottom line as net income. The net profit margin of 11.9% is solid for its sector.

ED trades at a P/E ratio of 19.79 on trailing earnings of $5.72 per share. That's roughly in line with the broader market average of ~20-25x. Comparing this multiple against Utilities sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: +10.65% (3M), +10.30% (6M), +4.10% (1Y), +9.89% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether ED is outperforming or lagging the broader market.