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Consolidated Edison Inc
🇺🇸 ED · NYSE/NASDAQ
Utilities
Price at analysis: USD 111.06 Current price: USD 109.73 * updated every night
Scores
Key Metrics
Powered by EODHDP/E (TTM)
18.2
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: 111.06 ÷ 6.09 = 18.2
TTM period through: 2026-06-30
Forward P/E (estimated): 16.1
Based on analyst estimates
Reference: Provider P/E (Trailing): 18.1
Net Debt/EBITDA (TTM)
3.6x
Latest quarter: 20.6x
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: 2026-06-30
Latest quarter (2026-06-30): 20.6x
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
9.0%
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
10.1x
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)
3.27%
TTM: 3.17%
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): 3.27%
Trailing Yield (TTM, last 12 months): 3.17%
Payout Ratio (Fwd)
57.6%
TTM: 54.8%
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): 57.6%
Payout (TTM): 54.8%
Cash Flow Payout (TTM): 30.7%
FCF Coverage (TTM): 4.18x
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 | — | 19 Aug 2027 | — | USD | 0.888 |
| Forecast* | Quarterly | — | 13 May 2027 | — | USD | 0.888 |
| Forecast* | Quarterly | — | 18 Feb 2027 | — | USD | 0.888 |
| Forecast* | Quarterly | — | 19 Nov 2026 | — | USD | 0.85 |
| Paid | Quarterly | 16 Jul 2026 | 19 Aug 2026 | 15 Sep 2026 | USD | 0.888 |
| 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 |
* 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, highlighted by a secured 9.4% allowed ROE and over five decades of continuous dividend growth. However, an elevated 18.24x P/E valuation and substantial equity dilution make the current entry point less compelling. Existing holders should maintain, while new investors should wait for a market pullback to secure a more attractive yield.
Sector Context
Consolidated Edison operates as a regulated electric, gas, and steam utility in New York. The sector provides essential, monopolistic services with highly defensive cash flows, making it a cornerstone for DGI strategies. However, utilities face massive capital expenditure requirements for grid modernization and the clean energy transition, which are often funded through debt and equity issuance, capping dividend growth rates.
📊 Strategy Analysis
- • Over 50 consecutive years of dividend growth, currently offering a secure 3.17% yield supported by a sustainable ~60% payout ratio.
- • Operates as a pure-play regulated monopoly with a secured 9.4% allowed Return on Equity (ROE), providing excellent earnings visibility.
- • Eliminated merchant power price exposure following the divestiture of its non-regulated clean energy business, bolstering long-term stability.
⚠ What to Watch
- • Valuation remains elevated at an 18.24x TTM P/E, limiting total return upside and offering a relatively thin entry yield for a utility.
- • Severe ongoing equity dilution (Net Buyback Yield of -6.64%) as the company aggressively issues shares to fund capital-intensive grid modernization.
- • Long-term structural risk of stranded natural gas distribution assets driven by New York's aggressive CLCPA climate mandates and building electrification.
📊 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: 2026-10-17
Disclaimer: This information is for educational purposes only. Not financial advice.