NYSE: ED
Consolidated Edison, Inc.
Utilities · Regulated Electric
Market Cap
$39.20B
52w High
$116.23
52w Low
$94.96
P/E
17.98
Volume
1.80M
Outstanding Shares
368.53M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 5.59% over the last year. Revenue grew 9.1% over the trailing twelve months. Operating margin moved from 17.85% to 17.33%. Free cash flow grew 447.1% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 17.33%. A decisive move in revenue — currently up 9.1% — would be the clearest signal to resolve the ambiguity.
Company profile
Consolidated Edison, Inc., through its various subsidiaries, primarily operates in the regulated sectors of electricity, natural gas, and steam distribution across the United States.
Valuation
Stock splits
Every 1 shares became 2
Every 1 shares became 2
Every 1 shares became 2
Profitability & growth
Analyst consensus
2
Buy
18
Hold
7
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 6, 2026
Q3 FY26 · EPS est $0.75 · Revenue est $3.46B
View
Dividends
$3.47/shareQuarterlyDividend Aristocrat · 45yrAt RiskED pays a dividend with a 3.27% dividend yield, 45 consecutive years of growth, growing at 2.44% annually, covered 0.0× by free cash flow.
Dividend Yield
3.27%
Annual Div / Share
$3.47
5yr CAGR
+2.44%
Doubles every ~28.7yr
Payout Ratio
55.31%
At Risk
Dividend Growth Rate
3yr CAGR
+2.79%
5yr CAGR
+2.44%
10yr CAGR
+2.79%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$3/mo
In 5 yrs
$3/mo
In 10 yrs
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$33/yr $3/mo | $37/yr+13% $3/mo | $42/yr+27% $3/mo |
Yield-on-cost grows from 3.27% → 4.16% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
ED has raised its dividend for 45 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only 0.03× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.