Consolidated Edison (ED)
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
$107.29-1.34%
Close 2026-09-04 · 1-day change
NYSEUtilitiesRegulated ElectricSnapshot 2026-09-04
QuarterlyIQ Insights · ED
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance dropped from the top half to the bottom half of its industry over the past month — the reason to own it has weakened.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 2.0% |
| Our one-year growth estimate | diamond | 2.9% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the opposite direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to real (inflation-adjusted) rates and long-term interest rates.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 0.9 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 31 industry peers · Company calendar date is not available
ED — dividend update
Dated 2026-05-08
Entry into a Material Definitive Agreement On May 8, 2026, Consolidated Edison, Inc. (“Con Edison” or the “Company”) entered into an equity distribution agreement (the “Equity Distribution Agreement”) with Barclays Capital Inc., BNY Mellon Capital Markets, LLC, BofA Securities, Inc., CIBC World Markets Corp., Jefferies LLC, J.P. Morgan Securities LLC, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC and Wells Fargo Securities, LLC, ea…
Why it matters: Approval lets Con Edison spend money on important projects for future growth.
Supportive ifPublic announcement of approval for the three-year rate plan by the commission.
Worry ifDenial or delay of the capital investment plans by the commission.
Why it matters: Investing in the grid is key for reliability and future energy needs. It shows long-term growth.
Supportive ifManagement says they will finish key investments worth $6,595 million in 2026.
Worry ifManagement delays or cuts planned investments to less than $6,000 million for 2026.
Why it matters: How well the company manages costs impacts profitability. A decline in cost discipline may hurt earnings.
Worry ifManagement says they are managing costs better. Their progress score is over 60.
Less concerning ifProgress score drops below 45, showing worse cost management.
Why it matters: A dividend increase would show the company is financially strong. It also shows a commitment to giving value back to shareholders.
Supportive ifAnnouncement of a higher dividend per share than the previous year.
Worry ifNo increase in the dividend or a decrease.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$78 on $10,000 · ±0.8% | How much price usually moves either way. |
| Bad day | $170 loss on $10,000 · 1.7% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,038 loss on $10,000 · 10.4% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Operating costs affect how much money a company makes. Good cost management helps keep earnings.
Worry ifOperating costs in Q3 are lower than in Q2. This shows good cost management.
Less concerning ifOperating costs in Q3 are higher than in Q2. This shows problems with cost management.
Why it matters: Investments in the grid are crucial for reliability and meeting future energy demands. This affects long-term growth.
Supportive ifManagement says they finished new substations. They also made big investments in the grid.
Worry ifManagement is slowing down or cutting back on planned investments for the grid.
Why it matters: Changes in the Producer Price Index can affect operating costs. Higher costs may pressure margins and earnings.
Worry ifProducer Price Index increases more than 0.5% month over month.
Less concerning ifProducer Price Index remains flat or decreases.
Why it matters: Changes in CPI can affect utility rates and how consumers act. It helps understand the economy's impact on Con Edison.
Watch forCPI data shows an increase above 0.5% month-over-month.
Also watch forCPI data shows a decrease below 0.2% month-over-month.
Why it matters: Keeping the EPS guidance shows trust in steady earnings and growth.
Supportive ifManagement confirms adjusted EPS guidance remains in the range of $6.00 to $6.20.
Worry ifManagement lowers the adjusted EPS guidance from the current range.
Why it matters: More dividend growth shows the company is doing well and cares about shareholders.
Supportive ifAnnouncement of an increase in the dividend payout ratio or amount.
Worry ifAnnouncement of a dividend freeze or cut.
Why it matters: Better cost control shows the company is running efficiently. This can improve profit margins.
Watch forCost metrics show improvement in Q2 2026 compared to Q1 2026.
Also watch forCost metrics worsen in Q2 2026 compared to Q1 2026.
Why it matters: Earnings that meet guidance show strong operations. This can help build investor confidence.
Supportive ifQ2 2026 earnings report shows results within the guided range.
Worry ifQ2 2026 earnings report falls below the guided range.
Why it matters: New investment plans will indicate the company's commitment to infrastructure and growth. This is key for long-term stability.
Supportive ifThere will be news of capital investments for 2027 over $6.7 billion.
Worry ifThere will be no news of major capital investments for 2027.
Why it matters: A new CEO can change company strategy and direction. This may affect investor confidence and stock performance.
Watch forNew CEO outlines a clear strategy that aligns with prior management goals.
Also watch forThe new CEO announces a big change in strategy away from current priorities.
Why it matters: The earnings report will show financial performance and any changes in guidance.
Watch forEarnings report shows adjusted EPS above $6.00.
Also watch forEarnings report shows adjusted EPS below $6.00.
Why it matters: Changes in sector performance can show trends that affect Con Edison’s business.
Worry ifSector revenue growth speeds up to over 4% year over year.
Less concerning ifSector revenue growth continues to decline or remains below 4%.
Why it matters: Reaffirming EPS guidance shows that management is confident in earnings. It shows ongoing strength.
Supportive ifManagement reaffirms adjusted EPS guidance within the range of $6.00 to $6.20.
Worry ifManagement cuts the EPS guidance to below $6.00.
Why it matters: Updates on capital investments show how well the company invests in its infrastructure. This affects future growth.
Watch forManagement plans to invest over $6,595 million in 2026.
Also watch forManagement plans to invest less than $6,595 million in 2026.