Skip to Content

Consolidated Edison Inc ED

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Ambitious Clean Energy Targets in New York, New Jersey Drive Growth for Con Ed

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our $78 per share fair value estimate after developments in New York and New Jersey increase our confidence in our growth outlook for Con Ed as each state chases clean energy goals. We are reaffirming our no-moat and stable moat trend ratings.

Read Full Analysis

Company Profile

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. These investments have resulted in Con Ed becoming 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
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2020
Stock Type High Yield
Employees 14,071

Related