Consolidated Edison Inc

ED: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$26.00	Nbytk	Sdyrpwjqs

ConEd Overflowing With Growth Opportunities but Awaiting New York Regulatory Outcome

Travis Miller

Nov 4, 2022

We are reaffirming our $86 per share fair value estimate for ConEd after the company reported earning $1.63 per share on an adjusted basis in the third quarter and year-to-date results that are on track to meet our full-year forecast and management's $4.50-$4.60 guidance range. We are reaffirming our no-moat and stable moat trend ratings.

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