Reading the tape
NYSE: ED
Consolidated Edison, Inc.
Utilities · Regulated Electric
Market Cap
$40.39B
52w High
$116.23
52w Low
$94.96
P/E
19.57
Volume
1.13M
Outstanding Shares
368.42M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 0.1%Revenue (TTM): 10.86%FCF (TTM): 402.16%P/E: 54th pct
What changed
The stock rose 0.1% over the last year. Revenue grew 10.86% over the trailing twelve months. Operating margin moved from 17.91% to 17.32%. Free cash flow grew 402.16% 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 17.32%. A decisive move in revenue — currently up 10.86% — would be the clearest signal to resolve the ambiguity.
Company profile
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.
CEOTimothy Cawley
SectorUtilities
IndustryRegulated Electric
Employees15,097
IPO dateFeb 15, 2001
Valuation
Forward P/E—
EV/EBITDA10.18
Enterprise value$62.62B
Stock splits
Jul 3, 1989↑ Forward
Every 1 shares became 2
Jul 1, 1982↑ Forward
Every 1 shares became 2
Mar 2, 1965↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth8.89%
Gross margin62.02%▼3.09%vs FY2024
Operating margin17.32%▼3.26%vs FY2024
ROE8.36%▲0.92%vs FY2024
Analyst consensus
RatingHold
Target price$108.78▼0.78%
3
Buy
17
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
May 7, 2026
Q2 FY26 · EPS est $2.28 · Revenue est $5.22B
View
Dividends
$3.48/shareQuarterlyDividend Aristocrat · 45yrEx-div May 13, 2026 · in 8dAt RiskED pays a dividend with a 3.17% declared yield, 45 consecutive years of growth, growing at 2.46% annually, covered 0.0× by free cash flow.
Declared Yield
3.17%
Annual Div / Share
$3.48
5yr CAGR
+2.46%
Doubles every ~28.6yr
Payout Ratio
57.67%
At Risk
Dividend Growth Rate
3yr CAGR
+2.81%
5yr CAGR
+2.46%
10yr CAGR
+2.79%
Dividend Safety
4/10At Risk
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$3.48+3.5%
2025$3.36+2.4%
2024$3.28+2.5%
2023$3.20+2.2%
2022$3.13+1.6%
2021$3.08+2.3%
2020$3.01+3.4%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$32/yr
$3/mo
In 5 yrs
$36/yr+13%
$3/mo
In 10 yrs
$40/yr+27%
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$32/yr $3/mo | $36/yr+13% $3/mo | $40/yr+27% $3/mo |
Yield-on-cost grows from 3.17% → 4.04% 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.