ED
UtilitiesConsolidated Edison, Inc. · Regulated Electric · $40B
What is Consolidated Edison, Inc.?
Consolidated Edison is one of the largest regulated utility companies in the United States, delivering electric, gas, and steam services across New York City and surrounding areas. The company has served the region for two centuries.
Consolidated Edison earns revenue primarily through regulated delivery of electricity, natural gas, and steam to millions of customers in New York City, Westchester County, and parts of New Jersey. Because its rates are set by regulators, revenue is relatively predictable but growth is constrained. The company also owns and develops renewable energy and energy infrastructure projects, and invests in electric and gas transmission assets, broadening its footprint beyond traditional utility delivery.
Consolidated Edison traces its roots to 1823 and is headquartered in New York City.
- Regulated electric delivery to New York City and Westchester County
- Natural gas distribution across Manhattan, the Bronx, and Queens
- Steam service to commercial customers in parts of Manhattan
- Renewable and clean energy infrastructure development
- Wholesale and retail energy-related products and services
Is ED a Good Stock to Buy?
UQS Score rates ED as Below Average overall, reflecting a mixed picture across its five quality pillars.
The Quality, Moat, and Growth pillars each land at Neutral, consistent with a regulated utility that benefits from a captive customer base and stable, government-overseen revenue streams. Valuation is also Neutral, suggesting the stock is neither deeply discounted nor obviously stretched relative to its fundamentals.
The Risk pillar is the clearest weak point in ED's profile, signaling above-average financial or operational risk factors that investors should weigh carefully before committing capital.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does ED pay dividends?
Yes — Consolidated Edison, Inc. pays a dividend.
Consolidated Edison pays a regular dividend, a hallmark of large regulated utilities that generate relatively stable cash flows. The company has a long history of returning income to shareholders, making it a common consideration for income-focused investors. That said, dividend sustainability depends on regulatory outcomes and capital spending demands, both of which carry meaningful uncertainty given ED's elevated Risk profile.
When does ED report earnings?
Consolidated Edison reports earnings on a quarterly cadence, typical for US-listed equities.
As a regulated utility, ED's quarterly results tend to reflect rate decisions, weather-driven demand, and infrastructure investment levels rather than dramatic revenue swings. Investors typically focus on allowed return on equity and capital expenditure guidance when evaluating each report.
For the most recent quarter's results, visit Consolidated Edison's investor relations page directly.
ED Price History
+65.4% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Consolidated Edison, Inc.?
Based on Consolidated Edison, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
ED Long-term Outlook
The Growth pillar sitting at Neutral reflects the structural reality of regulated utilities — expansion is incremental and tied to rate cases and infrastructure investment cycles. The Weak Risk pillar introduces uncertainty around the pace and cost of capital deployment, particularly as the company pursues renewable energy projects. Valuation at Neutral suggests the market is pricing in a moderate, steady-state scenario rather than a significant re-rating in either direction.
Growth drivers
- Ongoing investment in electric grid modernization and reliability upgrades
- Expansion into renewable energy and clean infrastructure projects
- Regulated rate base growth tied to New York's energy transition goals
Key risks
- Regulatory decisions that limit allowed returns or delay rate increases
- High capital expenditure requirements pressuring free cash flow
- Rising interest rates increasing the cost of financing long-duration utility debt
ED vs Peers
Consolidated Edison operates in a competitive landscape that includes other regulated and semi-regulated utility companies across North America.
Fortis is a Canadian-based regulated utility with a geographically diversified footprint spanning multiple provinces and US states, offering broader regional exposure than ED's concentrated New York market.
Entergy Louisiana focuses on regulated electric service in the Gulf South region, giving it a different regulatory environment and customer base compared to ED's dense urban New York territory.
PSEG serves New Jersey and the broader Mid-Atlantic region and has a notable nuclear generation portfolio, distinguishing its generation mix from ED's primarily delivery-focused model.
Frequently Asked Questions
What does Consolidated Edison do?
Consolidated Edison delivers regulated electricity, natural gas, and steam to millions of customers across New York City, Westchester County, and parts of New Jersey. The company also develops renewable energy infrastructure and invests in electric and gas transmission projects, making it one of the most prominent utility operators in the northeastern United States.
Does ED pay dividends?
Yes, Consolidated Edison pays a regular dividend. The company has a long track record of dividend payments, which is common among large regulated utilities. Income-focused investors often consider ED for this reason, though the Risk pillar's Weak rating is worth factoring into any dividend sustainability assessment.
When does ED report earnings?
Consolidated Edison reports on a quarterly cadence, as is standard for US-listed companies. Results typically reflect regulatory rate decisions, seasonal energy demand, and capital investment activity. For specific dates and the latest quarterly filings, check Consolidated Edison's investor relations page.
Is ED a good stock to buy?
UQS Score rates ED as Below Average overall. The Risk pillar is Weak, which is the most notable concern. Quality, Moat, Growth, and Valuation all sit at Neutral. Whether ED fits your portfolio depends on your income needs, risk tolerance, and view on the regulatory environment. The full pillar breakdown is available to Pro members.
Is ED overvalued?
ED's Valuation pillar is rated Neutral, suggesting the stock is not obviously cheap or expensive relative to its fundamentals at the time of scoring. Regulated utilities often trade at premium multiples due to their income characteristics, so context matters. View the complete valuation metrics with a UQS Pro account.
How does ED compare to its competitors?
Compared to peers like Fortis, Entergy Louisiana, and PSEG, Consolidated Edison's most distinctive feature is its dense urban service territory in New York City — one of the most complex and costly utility operating environments in the country. This creates both a durable customer base and significant capital and regulatory demands not faced by more geographically dispersed peers.
What is ED's market cap bracket?
Consolidated Edison is classified as a large-cap company, placing it among the more substantial publicly traded utilities in the United States. Large-cap utilities like ED typically attract institutional investors seeking regulated income streams and relative stability.
Who founded Consolidated Edison?
Consolidated Edison traces its origins to 1823, making it one of the oldest energy companies in the United States. The modern corporate entity evolved through decades of mergers and consolidations of earlier New York utility companies. Detailed founding history is widely available through the company's official historical records.
Is ED a long-term quality investment?
As a long-term quality indicator, ED's UQS profile is mixed. The Neutral readings across Quality, Moat, and Growth suggest a stable but not exceptional business, while the Weak Risk pillar warrants ongoing attention. Regulated utilities can offer durability over time, but the risk profile means investors should monitor regulatory and capital structure developments closely.
What is the main competitive advantage of Consolidated Edison?
ED's primary advantage is its regulated monopoly status in one of the world's most densely populated urban markets. Customers in its service territory have no alternative provider for electricity, gas, or steam delivery, creating a captive revenue base. However, this advantage is balanced by heavy regulatory oversight that limits pricing power and return potential.
What sector does ED belong to?
Consolidated Edison belongs to the Utilities sector. Utilities are generally characterized by regulated revenue, high capital intensity, and dividend-paying traditions. They tend to be less sensitive to economic cycles than other sectors, though they are sensitive to interest rate movements and regulatory policy changes.
Is ED a growth stock or value stock?
Based on its UQS profile, ED fits neither a pure growth nor a pure value label cleanly. The Growth pillar is Neutral, reflecting modest expansion typical of regulated utilities, while Valuation is also Neutral. ED is most commonly considered an income-oriented holding rather than a growth or deep-value play.
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Pro Analysis
ED — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 49.4 | 58.0 | 56.0 | 45.0 | 26.3 | 53.0 | +4.5 |
| May 8, 2026 | 44.9 | 23.1 | 56.0 | 45.3 | 39.2 | 68.0 | -4.4 |
| May 7, 2026 | 49.3 | 59.0 | 56.0 | 45.3 | 23.1 | 53.8 | 0.0 |
| May 3, 2026 | 49.3 | 59.0 | 56.0 | 45.3 | 23.1 | 53.3 | 0.0 |
| May 2, 2026 | 49.3 | 59.0 | 56.0 | 45.3 | 23.1 | 53.6 | -0.1 |
| Apr 28, 2026 | 49.4 | 59.0 | 56.0 | 45.5 | 23.1 | 53.7 | +0.2 |
| Apr 26, 2026 | 49.2 | 59.0 | 56.0 | 44.6 | 23.1 | 53.7 | +0.1 |
| Apr 25, 2026 | 49.1 | 59.0 | 56.0 | 44.6 | 23.1 | 53.4 | 0.0 |
| Apr 23, 2026 | 49.1 | 59.0 | 56.0 | 44.6 | 23.1 | 53.3 | +0.1 |
| Apr 19, 2026 | 49.0 | 59.0 | 56.0 | 44.1 | 23.1 | 53.5 | 0.0 |
ED — Pillar Breakdown
Quality
— 58.0/100 (25%)Consolidated Edison, Inc. shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 45.0/100 (20%)Consolidated Edison, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 26.3/100 (15%)Consolidated Edison, Inc. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 52.9/100 (15%)Consolidated Edison, Inc. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 56/100 (25%)Consolidated Edison, Inc. has meaningful competitive advantages that should protect its market position. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ED.
Score Composition
Financial Data
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How is the ED UQS Score Calculated?
The UQS (Unified Quality Score) for Consolidated Edison, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Consolidated Edison, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Consolidated Edison, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.