Con Ed: Propel NY Project Approval Supports Earnings Growth Trajectory
The New York Public Service Commission on Sept. 17 approved the 90-mile, $3.3 billion Propel New York electric transmission project that Con Ed will help develop.
Consolidated Edison Inc ED
Bulls Say, Bears Say
Bulls
Maintaining and expanding Con Ed's electric distribution network is critical to support New York's clean energy targets.
Bears
New York regulators historically have set customer rates for Con Ed's utilities based on allowed returns on equity below industry averages.
News
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CON EDISON LEADERSHIP TO WEBCAST INVESTOR RELATIONS PRESENTATION ON OCTOBER 6
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CON EDISON TO WEBCAST INVESTOR PRESENTATION ON OCTOBER 6, 2026
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My mother, 91, has dementia. Every bank says I need her signature to unlock her $100,000 stock certificate. What can I do?
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CON EDISON REPORTS 2026 SECOND QUARTER EARNINGS
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CON EDISON DECLARES COMMON STOCK DIVIDEND
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Con Edison to Report 2nd Quarter 2026 Earnings on August 6
Trading Information
- Previous Close Price
- $102.21
- Day Range
- $102.08–104.06
- 52-Week Range
- $94.96–116.23
- Bid/Ask
- $103.40 / $104.48
- Shares Outstanding
- 369.83M
- Market Cap
- $38.28B
- Volume/Avg
- 3M / 2M
Key Statistics
- Price/Earnings (Normalized)
- 17.88
- Price/Sales
- 2.13
- Dividend Yield (Trailing)
- 3.39%
- Dividend Yield (Forward)
- 3.39%
- Dividend Payment Schedule
- Mar, Jun, Sep, Dec
- Total Yield
- 3.39%
Company Profile
Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities generate nearly all of Con Ed's earnings following the sale of its clean energy business to RWE in early 2023.
- Sector
- Utilities
- Industry
- Utilities - Regulated Electric
- Stock Style Box
- Mid Value
- Total Number of Employees
- 15,407
- Website
- https://www.conedison.com
Competitors
Valuation
|
Metric
|
ED
|
DTE
|
PEG
|
|---|---|---|---|
Price/Earnings (Normalized) | 17.88 | 17.19 | 15.94 |
Price/Book Value | 1.49 | 2.11 | 1.95 |
Price/Sales | 2.13 | 1.55 | 2.71 |
Price/Cash Flow | 7.50 | 7.52 | 9.37 |
Price/Earnings
ED
DTE
PEG
Financial Strength
|
Metric
|
ED
|
DTE
|
PEG
|
|---|---|---|---|
Quick Ratio | 0.75 | 0.39 | 0.49 |
Current Ratio | 1.19 | 0.80 | 0.88 |
Interest Coverage | 3.27 | 2.05 | 3.13 |
Quick Ratio
ED
DTE
PEG
Profitability
|
Metric
|
ED
|
DTE
|
PEG
|
|---|---|---|---|
Return on Assets (Normalized) | 2.80% | 2.51% | 3.68% |
Return on Equity (Normalized) | 8.38% | 11.09% | 12.40% |
Return on Invested Capital (Normalized) | 5.78% | 6.19% | 7.06% |
Return on Assets
ED
DTE
PEG
Utilities - Regulated Electric Industry Comparables
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United States