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Consolidated Edison Inc
🇺🇸 ED · NYSE/NASDAQ · US2091151041
Utilities
USD 112.47 price at analysis
Scores
Key Metrics
Powered by EODHDP/E (TTM)
18.9
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
Calculation: 112.47 ÷ 5.94 = 18.9
TTM period through: 2026-03-31
Forward P/E (estimated): 18.1
Based on analyst estimates
Reference: Provider P/E (Trailing): 19.2
Net Debt/EBITDA (TTM)
3.9x
Latest quarter: 14.7x
Net Debt / EBITDAA leverage ratio showing how many years of EBITDA (earnings before interest, taxes, depreciation, and amortization) it would take to repay net debt. EBITDA approximates operating cash generation. Lower ratios (e.g., <3x) are generally safer; higher (e.g., >5x) may indicate more financial risk.
TTM through: 2026-03-31
Latest quarter (2026-03-31): 14.7x
The quarterly value can spike when quarterly EBITDA is very low (e.g., one-time charges).
Quick guide: <2x manageable, >4x can be risky (sector-dependent).
ROE
8.7%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
EV/EBITDA
10.7x
EV/EBITDAA valuation ratio that compares total business value (including debt) to EBITDA. Lower can mean cheaper, but context matters.
Dividend Summary
Powered by EODHDDividend Yield (Fwd)
3.09%
TTM: 3.10%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Forward Yield (estimated): 3.09%
Trailing Yield (TTM, last 12 months): 3.10%
Payout Ratio (Fwd)
58.6%
TTM: 55.3%
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Announced dividend / actual earnings (TTM)
Payout (Fwd): 58.6%
Payout (TTM): 55.3%
Cash Flow Payout (TTM): 28.8%
FCF Coverage (TTM): 2.36x
Growth Streak
8 yrs
Consec. increases
Div. Growth (5Y)
2.1%
Dividend History
EODHD Dividends API| Status | Type | Decl. Date | Ex-Div Date | Pay Date | Currency | Amount |
|---|---|---|---|---|---|---|
| Forecast* | Quarterly | — | 13 May 2027 | — | USD | 0.888 |
| Forecast* | Quarterly | — | 18 Feb 2027 | — | USD | 0.888 |
| Forecast* | Quarterly | — | 19 Nov 2026 | — | USD | 0.85 |
| Forecast* | Quarterly | — | 13 Aug 2026 | — | USD | 0.85 |
| Paid | Quarterly | 16 Apr 2026 | 13 May 2026 | 15 Jun 2026 | USD | 0.888 |
| Paid | Quarterly | 27 Jan 2026 | 18 Feb 2026 | 16 Mar 2026 | USD | 0.888 |
| Paid | Quarterly | 16 Oct 2025 | 19 Nov 2025 | 15 Dec 2025 | USD | 0.85 |
| Paid | Quarterly | 17 Jul 2025 | 13 Aug 2025 | 15 Sep 2025 | USD | 0.85 |
* Extrapolated from past dividend history. Not an official announcement — treat as an estimate, not a confirmed date or amount.
Summary
Consolidated Edison is a premier regulated utility offering exceptional fundamental stability and an entrenched monopoly position in New York. While the underlying cash generation is strong, evidenced by an attractive P/FFO of 9.1, current valuation metrics including a P/E near 19 and a modest 3.1% yield offer limited upside for new investors. Existing shareholders should maintain positions given the secure dividend and recent rate approvals, but new investors may want to wait for a better entry point.
Sector Context
Consolidated Edison is a regulated utility holding company providing electric, gas, and steam services in New York City and surrounding areas. For dividend investors, regulated utilities offer stable, predictable earnings protected by monopoly status, though massive infrastructure capital expenditure requirements often result in negative free cash flow and require regular external financing.
📊 Strategy Analysis
- • Deeply entrenched regulated monopoly providing essential electricity and gas services, supported by a flawless dividend consistency record with 0 cuts in the last decade.
- • Trading at an attractive P/FFO of 9.1x (below the typical 12-15x fair value range for utilities), indicating strong underlying cash flow generation before accounting for heavy capital expenditures.
- • Recent New York Public Service Commission rate hike approvals (9% for electric, 6% for gas) provide strong revenue visibility.
- • Sustainable earnings payout ratio of 61.6%, offering a secure dividend despite capital-intensive operations.
⚠ What to Watch
- • Current P/E of 18.94 sits above the strategy's ideal 8-15x target range, and the 3.10% dividend yield is near the absolute minimum threshold, limiting income appeal.
- • Massive structural capital expenditure requirements (planned $72 billion over the next decade for grid modernization) drive negative free cash flow (-$999M), necessitating external financing like the recent $2 billion equity offering.
- • Long-term structural risk of stranded gas distribution assets driven by New York's aggressive CLCPA climate mandates and building electrification laws.
📊 Historical Trends (10 Years)
Powered by EODHDThese charts show how key metrics have evolved over the past decade, helping you identify if the company is improving or deteriorating.
Debt Evolution (Net Debt / EBITDA)
Lower values are better. A declining trend indicates the company is reducing its debt (deleveraging).
Revenue & Earnings Growth
Consistent growth in revenueRevenue
The money a company brings in from selling its products or services. It’s the top line before costs. (blue) and earningsEarnings (Profit)
What’s left after expenses. Positive earnings mean the business made a profit; negative means a loss. (green) indicates a healthy business. Look for upward trends and recoveries after temporary dips.
Dividend Sustainability (FCF vs Dividends Paid)
Free cash flowFree Cash Flow
Cash left after the company pays for running the business and maintaining it. Often used to fund dividends, pay debt, or buy back shares. (FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., blue) should cover dividends paidDividends Paid
Cash the company paid out to shareholders. It’s not guaranteed and can change over time. (green). If dividends consistently exceed FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., the dividend may be at risk.
Analysis date: 2026-07-04
Disclaimer: This information is for educational purposes only. Not financial advice.