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Consolidated Edison, Inc. (ED) Stock Analysis

By Nova Skye | AltStation.io | Updated February 07, 2026

Price

$107.85

Change

-0.94%

Market Cap

$38.93B

Avg Volume

2.1M

Company Overview

Consolidated Edison, Inc. (ED) provides regulated electric, gas, and steam services in the United States, primarily serving New York City and parts of Westchester County. The company delivers electricity to about 3.7 million customers and supplies gas to approximately 1.1 million customers across several boroughs. Additionally, they have a small steam business, catering to around 1,520 customers in Manhattan. Their services are crucial for residential, commercial, industrial, and government consumers.

Con Edison is a dominant player in the utilities sector, holding a strong market position thanks to its large customer base and wide operational reach. Major competitors include PSEG and National Grid, which also operate in the region. While Con Edison benefits from its established infrastructure and brand loyalty, it faces threats from regulatory changes and the push for renewable energy sources. This market dynamic pushes them to innovate and adapt to environmental policies and competition.

Currently, Con Edison is focusing on modernizing its infrastructure and investing in renewable energy projects to stay competitive. The company has committed to reducing carbon emissions and increasing the use of clean energy in its supply mix, aligning with broader industry trends. While the utility has a solid foundation, its future strategies around sustainability will be crucial for maintaining growth in an evolving regulatory landscape.

Key Financials

Market Cap

$38.93B

Revenue

$16.59B

EBITDA

$5.95B

Gross Margin

53.4%

Profit Margin

12.3%

Revenue Growth

10.7%

Total Cash

$181.00M

Total Debt

$26.67B

Free Cash Flow

-$85.62M

52-Week Price Performance Analysis

Price Statistics

P/E Ratio

18.85

Forward P/E

17.88

Beta

0.39

52-Week High

$114.87

52-Week Low

$93.52

EPS

$5.72

50-Day Avg

$100.62

200-Day Avg

$101.39

Price/Book

1.61

Technical Analysis

Over the past 52 weeks, Consolidated Edison, Inc. (ED) has shown a generally upward trend, reflected in the current price of $107.85 and a 14.8% increase from the previous year. Key support is visible at the $95 level, which has held firm through several price retracements, while resistance is observed around $110, where the stock has struggled to maintain upward momentum in the past. Notable price patterns include a series of higher lows established since February, indicating bullish sentiment. In recent weeks, momentum has picked up, with the stock climbing sharply after a brief consolidation phase around the $100 level, signaling renewed buying interest. The current price of $107.85 positions the stock near the upper end of its 52-week range, suggesting potential for further gains if resistance at $110 can be broken convincingly. Overall, the stock’s trajectory remains upward, albeit with caution advised as it approaches significant resistance.

Recent News and Developments

Here’s a summary of the latest news and developments for Consolidated Edison, Inc

(ED) stock from January 31, 2026, to February 7, 2026:

1. Consolidated Edison Reports Q4 Earnings Beat

Consolidated Edison (ED) announced strong fourth-quarter earnings, reporting $1.90 earnings per share (EPS), which surpassed analysts’ consensus estimates of $1.76 by $0.14. The utilities provider also exceeded revenue expectations, bringing in $4.53 billion for the quarter compared to an estimated $4.22 billion. This financial performance highlights the company’s solid operational results.

2. Con Edison Increases Quarterly Dividend for 52nd Consecutive Year

Consolidated Edison declared a quarterly common stock dividend of $0.8875 per share, payable on March 16, 2026, to shareholders of record as of February 18, 2026. This marks the 52nd consecutive annual dividend increase, raising the annualized dividend by $0.15 to $3.55 per share. The company aims for a dividend payout ratio between 55% and 65% of its adjusted earnings, reinforcing its commitment to shareholder returns while investing in service reliability and the clean energy transition.

Market Sentiment and Analyst Recommendations

Bull Case

ED just beat earnings by 8% on EPS and 7% on revenue, which tells you management is executing well in a regulated utility environment where surprises are rare. The 52nd consecutive dividend increase to $3.55 annually signals confidence in cash generation and appeals directly to income investors who dominate utility ownership. Revenue growth of 10.7% is solid for a mature utility, driven by grid modernization demand and electrification tailwinds in the New York metro area. The proposed $17 billion three-year capex program is a growth catalyst that regulators will likely approve given the clean energy mandate, and it creates a multi-year earnings visibility window. At 18.85x P/E with a 3.3% dividend yield, ED trades in line with utility peers while offering more growth upside than typical defensive plays. The stock’s 14.8% annual gain and higher lows since February show institutional money is accumulating ahead of the capex approval cycle.

Bear Case

ED trades near the top of its 52-week range at $107.85, just $6 below the high, which limits upside room and increases downside risk if sentiment shifts. The analyst consensus is “hold” with a median target around $101-104, implying 4-6% downside from current levels, and the range shows some analysts see it dropping to $86. Total debt of $26.67B against only $181M in cash is a leverage concern, especially if the company needs to fund that $17B capex program through debt markets during a rising rate environment. Utilities are rate-sensitive businesses, and with the Fed’s path uncertain, refinancing costs could pressure margins and cap dividend growth. The Energy Affordability Program, while socially positive, creates regulatory risk around margin compression if policymakers pressure the company to absorb more bill relief costs. Valuation isn’t cheap enough to compensate for the execution risk of a massive capex program in a politically sensitive market like New York.

What to Watch

Monitor Q1 2026 earnings in late April for confirmation that the Q4 beat was sustainable and not a one-quarter anomaly. Track the regulatory approval timeline for the $17B capex plan across New York utilities commissions, as delays or reduced approvals would crater the growth thesis. Watch for any changes to the dividend payout ratio guidance above the 55-65% target range, which would signal stress on cash flow or a shift in capital allocation priorities. The stock’s ability to break and hold above $110 resistance is a technical signal of renewed momentum; failure to sustain above that level suggests the current rally is exhausted. Monitor debt-to-equity metrics quarterly as the capex ramps, specifically whether ED maintains investment-grade ratings or faces pressure from rating agencies. Finally, track macro interest rate expectations, as a 100+ basis point move in 10-year yields could pressure both the valuation multiple and refinancing costs simultaneously.

Analyst Consensus

HOLD

Based on 16 analyst opinions

Low Target

$86.00

Mean Target

$105.19

High Target

$128.00

Earnings and Financial Data

Sector

Utilities

Industry

Utilities – Regulated Electric

Employees

15,097

Earnings & Dividends

Next Earnings

Feb 19, 2026

EPS (Trailing)

$5.72

Dividend Yield

316.0%

Payout Ratio

59.1%

Frequently Asked Questions

Is ED a good stock to buy?

Currently, ED has a market price of $107.85 and a P/E ratio of 18.85. Analysts recommend a HOLD with a target price of $105.19, suggesting limited upside in the short term.

What is ED’s price target?

The analyst consensus has set a price target of $105.19 for ED. This implies a slight downside from the current price, indicating that the stock may be fairly valued at this time.

Does ED pay a dividend?

Yes, ED has a dividend yield of 316.0%, which is exceptionally high. This makes it attractive for income-focused investors, though it’s essential to verify the sustainability of such a high yield.

What is the 52-week range for ED?

The 52-week range for ED is between $93.52 and $114.87. This range shows decent volatility, but the stock is currently closer to its upper limit.

What sector does ED operate in?

ED operates in the Utilities sector, specifically in the regulated electric industry. This sector is generally considered stable, but it may not offer high growth potential compared to other sectors.

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Disclaimer: This report is for informational purposes only and does not constitute financial advice. The analysis and opinions expressed are those of AltStation.io and should not be relied upon as the sole basis for investment decisions. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results. Updated February 07, 2026.