(ED) Consolidated Edison - Overview
Stock: Electric, Gas, Steam
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.42% |
| Yield on Cost 5y | 5.71% |
| Yield CAGR 5y | 2.34% |
| Payout Consistency | 98.3% |
| Payout Ratio | 71.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 18.2% |
| Relative Tail Risk | 2.38% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.76 |
| Alpha | 15.21 |
| Character TTM | |
|---|---|
| Beta | -0.171 |
| Beta Downside | -0.244 |
| Drawdowns 3y | |
|---|---|
| Max DD | 17.36% |
| CAGR/Max DD | 0.55 |
Description: ED Consolidated Edison January 29, 2026
Consolidated Edison (ED) operates regulated electric, gas, and steam delivery networks primarily in New York City, Westchester County, and surrounding regions, serving roughly 3.7 million electric customers, 1.1 million gas customers, and 1,520 steam customers, plus additional service territories in southeastern New York and northern New Jersey.
In its most recent FY 2023 filing, ED reported total revenue of $13.1 billion, adjusted earnings per share of $3.77, and a dividend yield near 2.8 %. The company announced a 2024 capital-expenditure plan of $5.5 billion, largely directed toward transmission upgrades, undergrounding projects, and renewable-integration assets, while its regulated rate base grew about 3 % year-over-year.
Key economic and sector drivers include New York’s Climate Leadership and Community Protection Act, which mandates a 70 % reduction in carbon emissions by 2030 and pushes utilities toward renewable generation and grid modernization; persistent inflation in construction and labor costs, which pressures capex budgets; and modest residential-commercial demand growth, offset by ongoing electrification of heating and transportation.
For a deeper quantitative dive into ED’s valuation assumptions, the ValueRay platform offers a transparent, data-driven model worth reviewing.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 2.04b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA 6.92 > 1.0 |
| NWC/Revenue: 2.30% < 20% (prev 0.35%; Δ 1.94% < -1%) |
| CFO/TA 0.06 > 3% & CFO 4.63b > Net Income 2.04b |
| Net Debt (26.49b) to EBITDA (6.94b): 3.82 < 3 |
| Current Ratio: 1.08 > 1.5 & < 3 |
| Outstanding Shares: last quarter (361.9m) vs 12m ago 4.14% < -2% |
| Gross Margin: 64.40% > 18% (prev 0.62%; Δ 6378 % > 0.5%) |
| Asset Turnover: 23.62% > 50% (prev 21.90%; Δ 1.72% > 0%) |
| Interest Coverage Ratio: 2.20 > 6 (EBITDA TTM 6.94b / Interest Expense TTM 2.12b) |
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 14.87b / Total Assets 71.84b) |
| C: 0.07 (EBIT TTM 4.66b / Avg Total Assets 70.24b) |
| D: 0.31 (Book Value of Equity 14.92b / Total Liabilities 47.68b) |
| Altman-Z'' Score: 1.48 = BB |
Beneish M -3.14
| DSRI: 0.84 (Receivables 3.35b/3.60b, Revenue 16.59b/15.04b) |
| GMI: 0.96 (GM 64.40% / 61.52%) |
| AQI: 1.03 (AQ_t 0.16 / AQ_t-1 0.16) |
| SGI: 1.10 (Revenue 16.59b / 15.04b) |
| TATA: -0.04 (NI 2.04b - CFO 4.63b) / TA 71.84b) |
| Beneish M-Score: -3.14 (Cap -4..+1) = AA |
What is the price of ED shares?
Over the past week, the price has changed by +3.04%, over one month by +10.03%, over three months by +11.56% and over the past year by +18.13%.
Is ED a buy, sell or hold?
- StrongBuy: 3
- Buy: 0
- Hold: 9
- Sell: 4
- StrongSell: 2
What are the forecasts/targets for the ED price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 105.2 | -2.9% |
| Analysts Target Price | 105.2 | -2.9% |
| ValueRay Target Price | 118.5 | 9.3% |
ED Fundamental Data Overview February 03, 2026
P/E Forward = 16.2602
P/S = 2.3194
P/B = 1.4823
P/EG = 3.2547
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 = 64.98b USD (38.49b + Debt 26.68b - CCE 181.0m)
Interest Coverage Ratio = 2.20 (Ebit TTM 4.66b / Interest Expense TTM 2.12b)
EV/FCF = 19.16x (Enterprise Value 64.98b / FCF TTM 3.39b)
FCF Yield = 5.22% (FCF TTM 3.39b / Enterprise Value 64.98b)
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 = 0.90 (Enterprise Value 64.98b / 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 = 2.90% (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 = 4.55% (E(38.49b)/V(65.16b) * Re(5.29%) + D(26.68b)/V(65.16b) * Rd(4.49%) * (1-Tc(0.23)))
Discount Rate = 5.29% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 2.14%
[DCF Debug] Terminal Value 85.83% ; FCFF base≈3.39b ; Y1≈3.23b ; Y5≈3.10b
Fair Price DCF = 184.0 (EV 92.91b - Net Debt 26.49b = Equity 66.42b / Shares 360.9m; r=5.90% [WACC]; 5y FCF grow -6.30% → 2.90% )
EPS Correlation: -13.31 | EPS CAGR: -49.44% | SUE: -4.0 | # QB: 0
Revenue Correlation: 24.84 | Revenue CAGR: 7.83% | SUE: 1.39 | # QB: 1
EPS next Quarter (2026-03-31): EPS=2.12 | Chg30d=-0.069 | Revisions Net=+0 | Analysts=2
EPS next Year (2026-12-31): EPS=6.03 | Chg30d=+0.010 | Revisions Net=+2 | Growth EPS=+6.5% | Growth Revenue=+4.2%