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Consolidated Edison Inc ED Stock Quote

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Morningstar‘s Stock Analysis ED

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Is it the right time to buy or sell?

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INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Inflation Reduction Act: Increasing Our Confidence in Utilities' Long-Term Growth

Travis Miller Strategist

Analyst Note

| Travis Miller |

Our initial analysis of the U.S. Inflation Reduction Act that President Joe Biden plans to sign on Aug. 16 has led us to reaffirm or make slight increases to our fair value estimates for U.S. utilities. We are reaffirming our moat and moat trend ratings.

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Key Statistics ED

Company Profile ED

Business Description

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 roughly 90% of Con Ed's earnings. The other 10% of earnings comes from investments in renewable energy projects and gas and electric transmission. Con Ed is the second-largest owner of utility-scale PV solar capacity in the U.S.

Contact
4 Irving Place, Room 700
New York, NY, 10003
T +1 212 460-4600
Industry Utilities - Regulated Electric
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type Slow Growth
Employees 13,871

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