Consolidated Edison Inc
ED: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$55.00 | Bgzj | Ysrwxpppv |
Con Ed Earnings: Near-Term Growth Depends on Successful Regulatory Outcome in New York
We are reaffirming our $88 per share fair value estimate for Con Ed after the company reported earning $1.83 per share on an adjusted basis during the first quarter, up from $1.47 during the first quarter of 2022. The adjusted results exclude the $2.25 per share earnings benefit from the sale of the clean energy business during the quarter. We are reaffirming our no-moat and stable moat trend ratings.