Consolidated Edison, Inc. (ED) Stock Price & Analysis
Consolidated Edison, Inc. (ED) closed at USD 116.26 on Thursday, October 22, 2026, up 3.97% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 111.82; the Oct 22, 2026 session ranged USD 112.63–116.36 on volume of 2,331,365 shares. Market capitalization is $43.00B, with a 52-week range of USD 94.96–116.36 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 08:39 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ED.md
Key facts (ED)
- Last four reported quarters (through Jun 30, 2026): revenue $17.9B, net income $2.22B (12.4% margin) (SEC filings).
- Valuation: P/E 19.4x (avg 15.7x at the last 3 fiscal year-ends).
- Earnings quality: non-operating income $772M vs operating income $3.18B over the last four quarters; P/E excluding non-operating income ≈26.4x (estimate: non-operating income taxed at the company's 23.6% effective rate).
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $0K; 0 by opportunistic insiders, 2 by routine insiders.
- Analysts: Hold (mean 3.42 on a 1–5 scale) (19 analysts), mean target USD 107.44 (range 87–130).
- Total return with dividends: 1Y +19.2% vs S&P 500 +14.9%; 5Y +81.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 2.03, revenue estimate $4.76B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ED)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $13.7B | $15.7B | $14.7B | $15.5B | $17.0B | $17.9B |
| Operating income | $2.83B | $2.62B | $3.20B | $2.67B | $2.94B | $3.18B |
| Net income | $1.35B | $1.66B | $2.52B | $1.82B | $2.02B | $2.22B |
| EPS (diluted) | $3.85 | $4.66 | $7.21 | $5.24 | $5.64 | — |
| Free cash flow | -$1.23B | -$530M | — | — | — | — |
| Operating margin | 20.7% | 16.7% | 21.8% | 17.3% | 17.2% | 17.8% |
| Net margin | 9.8% | 10.6% | 17.2% | 11.8% | 11.9% | 12.4% |
| Revenue growth | +11.7% | +14.6% | -6.4% | +5.5% | +10.2% | — |
| Cash + short-term investments | $992M | $1.28B | $1.19B | $1.32B | $1.63B | — |
| Total debt | $23.0B | $23.4B | $22.2B | $24.7B | $25.8B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ED)
P/E 19.4x · P/E ex non-operating (est.) ≈26.4x · P/S 2.4x · P/B 1.7x · Earnings yield 5.16% · Dividend yield (paid, TTM) 2.82%
P/E at fiscal year-ends: Dec 2025 17.6x, Dec 2024 17.0x, Dec 2023 12.6x.
Insider purchases (SEC Form 4, open-market, last ~7 months) (ED)
2 purchases, $0K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-15 | Miller Joseph | VP & Controller | 1 | $0K | 105.81 | Routine (bought in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-06-15 | Miller Joseph | VP & Controller | 1 | $0K | 106.87 | Routine (bought in Mar & Jun & Sep & Dec each year 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (ED)
Consensus Hold (mean 3.42 on a 1–5 scale), 19 analysts; mean target USD 107.44 (low 87, high 130).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | HSBC | Initiated | Hold | $104 |
| 2026-10-13 | Keybanc | Target lowered | Underweight | $94 → $87 |
| 2026-10-01 | Wells Fargo | Upgrade | Equal-Weight → Overweight | $108 → $118 |
| 2026-09-18 | Morgan Stanley | Target lowered | Underweight | $101 → $97 |
| 2026-08-21 | Morgan Stanley | Target lowered | Underweight | $105 → $101 |
| 2026-08-17 | Evercore ISI Group | Target lowered | In-Line | $116 → $112 |
| 2026-08-07 | Wells Fargo | Target raised | Equal-Weight | $106 → $108 |
| 2026-08-07 | Barclays | Target lowered | Underweight | $112 → $106 |
| 2026-07-23 | Keybanc | Target lowered | Underweight | $97 → $94 |
Total return (dividends reinvested) (ED)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +19.2% | +81.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +19.3% | +12.6% |
| Volatility (annualized) | 17.8% | 18.6% |
| Max drawdown | -10.0% (Mar 2026→Sep 2026) | -19.1% (Sep 2022→Oct 2022) |
ED revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Electric | $3.14B | 77.1% | +13.0% |
| Gas | $811.0M | 19.9% | +14.1% |
| Steam | $118.0M | 2.9% | +11.3% |
| Non-utility | $1.0M | 0.0% | +0.0% |
| Total revenue | $4.07B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ED company outlook (results filed Aug 6, 2026)
- “We expect to have 28 new substations in service by 2035, along with tens of billions of dollars in other capital investments we plan to make to meet our customers' need for energy." - more- CON EDISON REPORTS 2026 SECOND QUARTER EARNINGS page 2 For the year of 2026, Con Edison reaffirmed its adjusted earnings per share (non-GAAP) to be in the range of $6.00 to $6.20 per share.”
- “Con Edison assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.”
- “(b) Other includes the parent company, Con Edison's tax equity investments, consolidation adjustments and Broken Bow II, the deferred project that was classified as held for sale at December 31, 2024, the sale and transfer of which was completed in January 2025.”
Quoted word-for-word from the SEC 8-K results press release.
ED analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $2.03 | $2.00 | +1.5% | $4.76B | 10 |
| Next quarter (ends Dec 2026) | $1.04 | $1.13 | -7.6% | $4.11B | 8 |
| Current fiscal year (ends Dec 2026) | $6.11 | $6.11 | -0.1% | $17.55B | 16 |
| Next fiscal year (ends Dec 2027) | $6.49 | $6.49 | +0.0% | $18.43B | 16 |
ED options: expected move
Options price a move of about ±4.4% (±$5.15) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±1.4% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 18.2% | ±4.4% |
| Dec 18, 2026 | 56 | 16.5% | ±5.3% |
| Jan 15, 2027 | 84 | 17.4% | ±6.8% |
| Feb 19, 2027 | 119 | 17.4% | ±8.1% |
| May 21, 2027 | 210 | 18.4% | ±11.2% |
30-day implied volatility 17.1% vs 20.5% realized over the last 30 trading days. Put/call ratio (volume) 0.4. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 08:39 UTC)
| Price | USD 116.26 |
|---|---|
| Change | ▲ 3.97% (up) |
| Previous Close | USD 111.82 |
| Open | USD 112.71 |
| Day Range | USD 112.63 – 116.36 |
| 52-Week Range | USD 94.96 – 116.36 |
| Volume | 2,331,365 shares |
| Market Cap | $43.00B |
| Exchange | NYQ |
Technical Analysis (ED)
Nexqual's technical model rates ED "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 08:39 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 73.83 (overbought) |
| vs SMA50 | Above (USD 106.89) |
| MACD | 2 (positive) |
Analyst Ratings (ED)
Wall Street analysts rate ED "Hold" based on 19 analysts, with a mean price target of USD 107.44 (range USD 87–130), per Nexqual as of October 23, 2026 at 08:39 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 19 |
| Mean Target | USD 107.44 |
| High Target | USD 130 |
| Low Target | USD 87 |
| Buy / Hold / Sell | 3 / 9 / 7 |
Earnings (ED)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 2.03 |
| Revenue Estimate | $4.76B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.83 vs est 0.77 ▲ beat |
| 2026-03-31 | USD 2.18 vs est 2.27 ▼ miss |
| 2025-12-31 | USD 0.89 vs est 0.86 ▲ beat |
| 2025-09-30 | USD 1.9 vs est 1.75 ▲ beat |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
Financials & Fundamentals (ED)
| Total Revenue | $17.69B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +13.20% |
| Gross Margin | +53.37% |
| Operating Margin | +16.54% |
| Profit Margin | +12.53% |
| ROE | +8.96% |
| Debt / Equity | 1.1 |
| Current Ratio | 1.27 |
| Total Cash | $1.47B |
| Total Debt | $28.32B |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
Financial Health Score (ED)
Nexqual rates Consolidated Edison, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 08:39 UTC.
| Growth | Solid — Revenue +11% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 53%, operating 17% (last 12 months) |
| Balance Sheet | Mixed — $1.63B cash and investments vs $25.8B debt (Dec 2025, SEC) |
| Cash Flow | Solid — Operating cash flow $4.80B (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 9%, ROA 3.2% |
Ownership (ED)
| Insider Ownership | +0.20% |
|---|---|
| Institutional Ownership | +78.63% |
| Shares Outstanding | 369.83M |
| Float | 369.31M |
| Short % of Float | +4.03% |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
Leadership (ED)
Consolidated Edison, Inc. is led by Timothy P. Cawley, Chairman, President & CEO, per Nexqual as of October 23, 2026 at 08:39 UTC.
| Chairman, President & CEO | Timothy P. Cawley |
|---|---|
| Senior VP & CFO | Kirkland B. Andrews |
| President of Consolidated Edison Company of New York, Inc. | Matthew Ketschke |
| President of Shared Services of Con Edison of New York | Robert Sanchez |
| President and Chief Executive Officer of Orange and Rockland Utilities, Inc. | Michele L. O'Connell |
Major Backers & Investors (ED)
Notable institutional backers of Consolidated Edison, Inc. include Lazard Asset Management LLC, SELECT SECTOR SPDR TRUST-State Street Utilities Select Sector SPDR ETF, Price (T.Rowe) Associates Inc, according to Nexqual as of October 23, 2026 at 08:39 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Lazard Asset Management LLC | 2.28% |
| SELECT SECTOR SPDR TRUST-State Street Utilities Select Sector SPDR ETF | 1.77% |
| Price (T.Rowe) Associates Inc | 1.52% |
| Morgan Stanley | 1.49% |
| LAZARD FUNDS INC-Lazard Global Listed Infrastructure Portfolio | 1.44% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.68% |
| BlackRock | 11.27% |
| State Street | 6.79% |
| Geode Capital | 2.89% |
| Deutsche Bank AG | 1.83% |
Source: Nexqual, October 23, 2026 at 08:39 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| EXC | Exelon Corporation | USD 44.85 | ▲ 4.18% |
| PCG | Pacific Gas & Electric Co. | USD 12.98 | ▼ 1.29% |
| XEL | Xcel Energy Inc. | USD 78.9 | ▲ 2.76% |
| WEC | WEC Energy Group, Inc. | USD 112.15 | ▲ 3.36% |
| PEG | Public Service Enterprise Group | USD 72.72 | ▲ 2.42% |
| ETR | Entergy Corporation | USD 108.19 | ▲ 1.99% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 08:39 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt