Overview Dividends

(ED) Consolidated Edison - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US2091151041

Electricity, Gas, Steam

Multi-Utilities
Market Cap in USD: 35,704m

IPO / Inception: 1970-01-02
Return 12m vs S&P 500: -10.1%

EPS (Earnings per Share)

EPS CAGR: 18.67%
EPS Trend: 17.1%

Last SUE: 1.92
Qual. Beats: 1

Revenue

Rev. CAGR: 7.83%
Rev. Trend: 25.0%

Last SUE: 1.39
Qual. Beats: 1

Dividends

Dividend Yield	3.39%
Yield on Cost 5y	5.34%
Yield CAGR 5y	2.06%
Payout Consistency	96.8%
Payout Ratio	58.4%

Risk via 10d forecast
Volatility	18.0%
Value at Risk 5%th	30.1%
Relative Tail Risk	1.91%

Reward TTM
Sharpe Ratio	-0.01
Alpha	1.69
CAGR/Max DD	0.27

Character TTM
Hurst Exponent	0.343
Beta	-0.131
Beta Downside	-0.203

Drawdowns 3y
Max DD	17.36%
Mean DD	6.64%
Median DD	7.13%

Description: ED Consolidated Edison September 29, 2025

Consolidated Edison (NYSE: ED) operates regulated electric, gas, and steam delivery networks primarily in New York City, Westchester County, southeastern New York, and northern New Jersey, serving roughly 3.7 million electric, 1.1 million gas, and 1,520 steam customers. Its infrastructure portfolio includes 549 circuit-miles of transmission lines, 15 transmission substations, 64 distribution substations, about 90,755 in-service line transformers, 3,877 pole miles and 2,405 miles of underground distribution lines, plus roughly 380 k miles of natural-gas mains and service lines.

In FY 2023 the company reported adjusted earnings per share of $9.02 and a dividend yield near 2.5 %, supported by a regulated rate base of roughly $70 billion and annual capital expenditures of $3.5 billion focused on grid modernization and renewable-energy integration. Key economic drivers include New York’s aggressive electrification targets, which are expected to lift electricity demand by 1–2 % per year, and the ongoing need for resilience upgrades after recent extreme weather events.

Given the utility sector’s sensitivity to interest-rate movements and regulatory decisions, analysts should monitor the New York Public Service Commission’s rate-case outcomes and the pace of state-mandated clean-energy investments. For a deeper quantitative dive into ED’s valuation metrics and scenario analysis, the ValueRay platform offers a useful toolkit.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (2.04b TTM) > 0 and > 6% of Revenue (6% = 995.5m TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA 6.92pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 2.30% (prev 0.35%; Δ 1.94pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 4.63b > Net Income 2.04b (YES >=105%, WARN >=100%)

Net Debt (26.49b) to EBITDA (6.94b) ratio: 3.82 <= 3.0 (WARN <= 3.5)

Current Ratio 1.08 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (361.9m) change vs 12m ago 4.14% (target <= -2.0% for YES)

Gross Margin 64.40% (prev 61.52%; Δ 2.88pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 23.62% (prev 21.90%; Δ 1.72pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 2.20 (EBITDA TTM 6.94b / Interest Expense TTM 2.12b) >= 6 (WARN >= 3)

Altman Z'' 1.48

(A) 0.01 = (Total Current Assets 5.46b - Total Current Liabilities 5.08b) / Total Assets 71.84b

(B) 0.21 = Retained Earnings (Balance) 14.87b / Total Assets 71.84b

(D) 0.31 = Book Value of Equity 14.92b / Total Liabilities 47.68b

Total Rating: 1.48 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 62.95

1. Piotroski 4.0pt

2. FCF Yield 5.45%

3. FCF Margin 20.44%

4. Debt/Equity 1.10

5. Debt/Ebitda 3.82

6. ROIC - WACC (= 2.57)%

7. RoE 8.69%

8. Rev. Trend 25.05%

9. EPS Trend 17.12%

What is the price of ED shares?

As of November 30, 2025, the stock is trading at USD 100.36 with a total of 1,063,335 shares traded.
Over the past week, the price has changed by +0.20%, over one month by +2.68%, over three months by +3.08% and over the past year by +3.21%.

Is ED a buy, sell or hold?

Consolidated Edison has received a consensus analysts rating of 2.89. Therefor, it is recommend to hold ED.

Strong Buy: 3
Buy: 0
Hold: 9
Sell: 4
Strong Sell: 2

What are the forecasts/targets for the ED price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	104.7	4.3%
Analysts Target Price	104.7	4.3%
ValueRay Target Price	107.3	6.9%

ED Fundamental Data Overview November 26, 2025

Market Cap USD = 35.70b (35.70b USD * 1.0 USD.USD)
P/E Trailing = 17.2937
P/E Forward = 16.6945
P/S = 2.1517
P/B = 1.4958
P/EG = 3.3387
Beta = 0.365
Revenue TTM = 16.59b USD
EBIT TTM = 4.66b USD
EBITDA TTM = 6.94b USD
Long Term Debt = 24.91b USD (from longTermDebt, last quarter)
Short Term Debt = 1.37b USD (from shortTermDebt, last quarter)
Debt = 26.68b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 26.49b USD (from netDebt column, last quarter)
Enterprise Value = 62.20b USD (35.70b + Debt 26.68b - CCE 181.0m)
Interest Coverage Ratio = 2.20 (Ebit TTM 4.66b / Interest Expense TTM 2.12b)
FCF Yield = 5.45% (FCF TTM 3.39b / Enterprise Value 62.20b)
FCF Margin = 20.44% (FCF TTM 3.39b / Revenue TTM 16.59b)
Net Margin = 12.26% (Net Income TTM 2.04b / Revenue TTM 16.59b)
Gross Margin = 64.40% ((Revenue TTM 16.59b - Cost of Revenue TTM 5.91b) / Revenue TTM)
Gross Margin QoQ = 79.14% (prev 50.76%)
Tobins Q-Ratio = 0.87 (Enterprise Value 62.20b / Total Assets 71.84b)
Interest Expense / Debt = 4.49% (Interest Expense 1.20b / Debt 26.68b)
Taxrate = 22.70% (202.0m / 890.0m)
NOPAT = 3.60b (EBIT 4.66b * (1 - 22.70%))
Current Ratio = 1.08 (Total Current Assets 5.46b / Total Current Liabilities 5.08b)
Debt / Equity = 1.10 (Debt 26.68b / totalStockholderEquity, last quarter 24.17b)
Debt / EBITDA = 3.82 (Net Debt 26.49b / EBITDA 6.94b)
Debt / FCF = 7.81 (Net Debt 26.49b / FCF TTM 3.39b)
Total Stockholder Equity = 23.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 2.83% (Net Income 2.04b / Total Assets 71.84b)
RoE = 8.69% (Net Income TTM 2.04b / Total Stockholder Equity 23.42b)
RoCE = 9.63% (EBIT 4.66b / Capital Employed (Equity 23.42b + L.T.Debt 24.91b))
RoIC = 7.22% (NOPAT 3.60b / Invested Capital 49.86b)
WACC = 4.65% (E(35.70b)/V(62.38b) * Re(5.53%) + D(26.68b)/V(62.38b) * Rd(4.49%) * (1-Tc(0.23)))
Discount Rate = 5.53% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 2.14%
[DCF Debug] Terminal Value 77.54% ; FCFE base≈3.39b ; Y1≈3.23b ; Y5≈3.10b
Fair Price DCF = 153.6 (DCF Value 55.44b / Shares Outstanding 360.9m; 5y FCF grow -6.30% → 3.0% )
EPS Correlation: 17.12 | EPS CAGR: 18.67% | SUE: 1.92 | # QB: 1
Revenue Correlation: 25.05 | Revenue CAGR: 7.83% | SUE: 1.39 | # QB: 1

Additional Sources for ED Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle