Consolidated Edison (ED) AI Stock Analysis

• Market Cap: $34.58B
• Dividend Yield: 3.55%
• Average Volume (3M): 2.38M
• Price to Earnings (P/E): 16.7
• Beta (1Y): -0.24
• Revenue Growth: 10.35%
• EPS Growth: 7.64%
• Country: US
• Employees: 15,097
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Electric
• EPS (TTM): 1.90
• Shares Outstanding: 360,935,600
• 10 Day Avg. Volume: 1,816,430
• 30 Day Avg. Volume: 2,376,214
• PEG Ratio: -0.62
• Price to Book (P/B): 1.41
• Price to Sales (P/S): 2.02
• P/FCF Ratio: -26.68
• Enterprise Value/Market Cap: 1.82
• Enterprise Value/Revenue: 3.79
• Enterprise Value/Gross Profit: 5.88
• Enterprise Value/Ebitda: 9.06
• 1Y Price Target: $103.73
• Price Target Upside: 8.46% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 11
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: $101.00 ▲(5.60% Upside)

Consolidated Edison has a stable financial performance and attractive valuation, but technical indicators suggest bearish momentum. The company's strategic financial planning through debenture sales is a positive sign, but high debt levels and weak cash flow generation remain concerns. Investors should weigh the stable income potential against the current bearish technical outlook.

Positive Factors

Stable Revenue Growth

Stable revenue growth indicates consistent demand for services and effective market positioning, supporting long-term business sustainability.

Strategic Financial Planning

Issuing debentures enhances financial flexibility, supporting growth initiatives and operational stability over the long term.

Regulatory Agreements

New rate plans provide revenue visibility and regulatory compliance, ensuring predictable cash flows and operational stability.

Negative Factors

High Debt Levels

High debt levels can strain financial resources and limit investment capacity, potentially impacting long-term financial health.

Weak Free Cash Flow

Negative free cash flow growth indicates potential liquidity issues, limiting the company's ability to invest in growth and innovation.

Decreasing EBITDA Margin

A declining EBITDA margin suggests rising costs or pricing pressures, which could erode profitability and competitive positioning.

Consolidated Edison Business Overview & Revenue Model

Company Description

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. In addition, it operates 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 87,564 in-service line transformers; 3,924 pole miles of overhead distribution lines; and 2,291 miles of underground distribution lines, as well as 4,350 miles of mains and 377,971 service lines for natural gas distribution. Further, the company owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. The company was founded in 1823 and is based in New York, New York.

How the Company Makes Money

Consolidated Edison generates revenue primarily through the regulated utility operations that provide electricity, natural gas, and steam services to residential, commercial, and industrial customers. The company operates under a cost-of-service model, where it earns a return on investments made in infrastructure and receives revenue based on the costs incurred to provide utilities, including a regulated profit margin. Key revenue streams include charges for electricity and gas usage, as well as fixed monthly service fees. Additionally, Con Edison invests in renewable energy projects, which may provide additional revenue through energy sales and incentives. The company also engages in energy efficiency programs, which can lead to cost savings for customers and additional revenue opportunities. Strategic partnerships with various energy providers and regulatory bodies further enhance its operational efficiency and market reach.

Consolidated Edison Financial Statement Overview

Summary

Consolidated Edison shows stable revenue growth and profitability with healthy margins. However, challenges in cash flow, particularly the significant decline in free cash flow, pose potential liquidity concerns.

Income Statement

Consolidated Edison shows a stable income statement with consistent revenue growth, evidenced by a 2.38% increase in TTM revenue. The company maintains healthy margins, with a gross profit margin of 56.21% and a net profit margin of 11.98% in the TTM period. However, the EBIT and EBITDA margins have slightly decreased compared to previous years, indicating some pressure on operational efficiency.

Balance Sheet

The balance sheet reflects a moderate financial position with a debt-to-equity ratio of 1.10, which is an improvement from previous years, indicating better leverage management. The return on equity stands at 8.48%, showing a stable return for shareholders. However, the equity ratio is relatively low, suggesting a higher reliance on debt financing.

Cash Flow

Cash flow analysis reveals challenges, with a significant decline in free cash flow growth at -65.72% in the TTM period. The operating cash flow to net income ratio is 0.81, indicating adequate cash generation relative to net income. However, the negative free cash flow to net income ratio highlights potential liquidity concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	16.59B	15.26B	14.65B	15.66B	13.67B	12.24B
Gross Profit	10.69B	9.76B	8.96B	9.55B	8.89B	8.06B
EBITDA	6.94B	5.48B	6.06B	5.17B	4.37B	4.11B
Net Income	2.04B	1.82B	2.52B	1.66B	1.35B	1.10B
Balance Sheet
Total Assets	71.84B	70.56B	66.33B	69.06B	63.12B	62.90B
Cash, Cash Equivalents and Short-Term Investments	181.00M	1.32B	1.19B	1.28B	992.00M	1.27B
Total Debt	26.68B	27.82B	25.01B	24.41B	25.36B	25.08B
Total Liabilities	47.68B	48.60B	45.17B	48.18B	42.78B	43.83B
Stockholders Equity	24.17B	21.96B	21.16B	20.69B	20.04B	18.85B
Cash Flow
Free Cash Flow	3.39B	-1.16B	-2.34B	-233.00M	-1.22B	-1.71B
Operating Cash Flow	4.63B	3.61B	2.16B	3.94B	2.73B	2.20B
Investing Cash Flow	-5.17B	-5.27B	-1.00B	-4.57B	-3.48B	-4.22B
Financing Cash Flow	620.00M	1.80B	-1.49B	1.01B	461.00M	2.25B

Consolidated Edison Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 95.64
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ED, the sentiment is Negative. The current price of 95.64 is below the 20-day moving average (MA) of 98.60, below the 50-day MA of 98.72, and below the 200-day MA of 100.84, indicating a bearish trend. The MACD of -0.93 indicates Positive momentum. The RSI at 39.40 is Neutral, neither overbought nor oversold. The STOCH value of 11.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ED.

Consolidated Edison Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EXC	67 Neutral	$44.21B	15.66	10.31%	3.71%	6.07%	15.20%
WEC	67 Neutral	$34.04B	19.78	13.19%	3.38%	11.88%	29.76%
ETR	66 Neutral	$41.64B	23.01	11.33%	2.61%	6.71%	-0.12%
PEG	66 Neutral	$39.28B	18.91	12.58%	3.19%	18.29%	2.40%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
ED	62 Neutral	$34.58B	16.74	8.84%	3.55%	10.35%	7.64%
XEL	60 Neutral	$44.14B	22.76	9.45%	3.02%	3.32%	-2.30%

Consolidated Edison Corporate Events

Consolidated Edison Sells Stake in Mountain Valley Pipeline

Consolidated Edison, Inc., through its subsidiary, has entered into an agreement to sell its 6.6 percent interest in Mountain Valley Pipeline, LLC to an Ares Management fund for $357.5 million. This transaction, expected to close in the first half of 2026, will help Con Edison offset its common equity needs for the year and support other corporate purposes, although it remains subject to customary closing conditions and potential preferential rights of MVP’s founding members.

Consolidated Edison Secures $500M Term Loan Agreement

On November 24, 2025, CECONY entered into a $500 million 364-Day Senior Unsecured Term Loan Credit Agreement to repay a portion of its unsecured term loan facility due November 2025. The agreement includes covenants and events of default that could impact CECONY’s financial stability and obligations, highlighting the company’s strategic financial management to maintain its operations and market positioning.

Consolidated Edison Sells $900M Debentures for Growth

On November 17, 2025, Consolidated Edison Company of New York, Inc. entered into an underwriting agreement for the sale of $900 million in debentures due in 2055. This financial move is part of the company’s strategy to strengthen its capital structure and support its long-term operational goals.

Consolidated Edison Agrees on New Rate Plans

On November 5, 2025, CECONY, the New York State Department of Public Service, and other parties agreed on a Joint Proposal for electric and gas rate plans from January 2026 to December 2028, pending approval by the New York State Public Service Commission. The proposal outlines base rate changes, capital expenditures, and potential incentives, impacting CECONY’s financial operations and regulatory compliance. The plan includes mechanisms for revenue decoupling, recoverable energy costs, and regulatory reconciliations, which could affect stakeholders depending on performance targets and regulatory outcomes.