Consolidated Edison (ED)
Runs New York City-centered electric, gas, and steam utility networks.
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Delivers electricity, natural gas, and steam through regulated utilities serving New York City, Westchester County, southeastern New York, and northern New Jersey, with a small electric-transmission investment arm. Nearly all earnings come from utility rates approved by state regulators.
Delivers electricity, natural gas, and steam through regulated utilities centered on New York City. Consolidated Edison Company of New York serves the city and most of Westchester County, including Manhattan's district steam network; Orange & Rockland Utilities distributes electricity in southeastern New York and northern New Jersey and gas in southeastern New York.
Runs dense urban networks where reliability, storm response, system upgrades, and customer service drive execution. A much smaller Con Edison Transmission arm develops and invests in bulk electric transmission projects, principally through New York Transco.
Nearly all earnings come from the regulated utilities. State utility commissions approve rates and recovery of infrastructure spending, while federal regulators oversee electric transmission; demand, weather, affordability programs, and required capital investment shape results.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $101 | Target: $97 |
| Aug 21, 2026 | Morgan Stanley | Reiterate | Rating: —Target: $99 | Target: $101 |
| Aug 17, 2026 | Evercore ISI | Reiterate | Rating: —Target: $116 | Target: $112 |
| Aug 7, 2026 | Barclays | Reiterate | Rating: —Target: $110 | Target: $106 |
| Jul 27, 2026 | Mizuho Securities | Target | Target: $105 | Target: $114 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.47B · Total debt $28.32B · Total assets $76.46B · Shareholders' equity $25.72B
- Revenue
- $4.07B
- Operating income
- $552.0M
- Net income
- $308.0M
HistoryDividendAnnual yield
| Institutions | 77.46% | 286.47M shares | |
|---|---|---|---|
| 1,462 holders · as of Jun 30, 2026 | |||
| Insiders | 0.17% | 642.8K shares | |
| 21 holders · as of Sep 16, 2026 | |||
| Other | 22.37% | 82.71M shares | |
| remainder | |||
369.83M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.27% | 41.67M | as of Jun 30, 2026 |
State Street CorpInstitution | 6.79% | 25.09M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.51% | 24.09M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.17% | 19.12M | as of Jun 30, 2026 |
Geode Capital Management, LLCInstitution | 2.89% | 10.69M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Joseph Miller | officer: VP & Controller | +1 | $105.81 |
| Jun 15, 2026 | Joseph Miller | officer: VP & Controller | +1 | $106.87 |
| Mar 16, 2026 | Joseph Miller | officer: VP & Controller | +1 | $115.55 |
| Mar 12, 2026 | Deneen L. Donnley | officer: SVP and General Counsel | −1,922 | $113.94 |
| Feb 27, 2026 | William J. Mulrow | director | −7,912 | $112.81 |
- National Grid (ADR)
NYC gas territory neighbor; electric and gas delivery across NY and New England.
- Public Service Enterprise Group
NJ-adjacent regulated electric and gas delivery; O&R territory border overlap.
- Eversource Energy
Northeast multi-utility in CT/MA/NH; regional regulated peer to ED.
- Duke Energy
Largest regulated US electric utility; ED's top compensation benchmark peer.
- Southern Company
Top-revenue Southeast regulated utility with 23-year dividend growth streak.
- Dominion Energy
Refocused VA/NC regulated electric utility; comparable dividend profile to ED.
- American Electric Power
US transmission giant; ED's closest regulated capex-intensity benchmark peer.
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Consolidated Edison | $103.84 | −0.01% | $38.28B | 17.1 | 16.6 | 2.2 | +13.2% |
| National Grid (ADR) | $76.86 | 0.00% | $77.09B | 17.4 | — | 3.2 | +1.8% |
| Public Service Enterprise Group | $69.13 | +0.03% | $34.54B | 17.2 | 15.4 | 2.8 | −9.0% |
| Eversource Energy | $66.38 | −0.03% | $25.16B | 17.3 | 14.1 | 1.8 | +2.3% |
| Duke Energy | $116.40 | +0.08% | $91.01B | 17.5 | 17.2 | 2.7 | +1.1% |
| Southern Company | $85.15 | +0.01% | $98.31B | 20.6 | 18.2 | 3.3 | +0.1% |
| Dominion Energy | $62.49 | +0.10% | $55.25B | 21.8 | 16.2 | 3.0 | +17.6% |
| American Electric Power | $120.27 | +0.01% | $65.34B | 20.8 | 18.1 | 2.9 | +7.0% |
| Median | 17.5 | 16.7 | 2.9 | +1.8% |