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Consolidated Edison Inc
🇺🇸 ED · NYSE/NASDAQ · US2091151041
Utilities
USD 108.89 price at analysis
Scores
Key Metrics
Powered by EODHDP/E (TTM)
17.8
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: 108.89 ÷ 6.09 = 17.8
TTM period through: 2026-06-30
Forward P/E (estimated): 17.4
Based on analyst estimates
Reference: Provider P/E (Trailing): 17.9
Net Debt/EBITDA (TTM)
4.1x
Latest quarter: 37.2x
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): 37.2x
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
10.2x
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: 3.21%
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): 3.21%
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 | 0.89 |
| Forecast* | Quarterly | — | 13 May 2027 | — | USD | 0.888 |
| Forecast* | Quarterly | — | 18 Feb 2027 | — | USD | 0.888 |
| Forecast* | Quarterly | — | 19 Nov 2026 | — | USD | 0.85 |
| Declared | Quarterly | 16 Jul 2026 | 19 Aug 2026 | 15 Sep 2026 | USD | 0.89 |
| 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 and an entrenched monopoly position in New York, bolstered by recently approved rate hikes. While the underlying business quality remains elite, the current valuation at a P/E of 17.8x and significant ongoing share dilution limit the near-term upside. Existing holders should maintain, but the stock is optimal for the WATCH list until a more compelling entry point materializes.
Sector Context
Consolidated Edison operates as a regulated electric and gas utility in New York. For DGI investors, regulated utilities provide defensive stability, a legally enforced local monopoly, and highly predictable cash flows. However, they are highly sensitive to regulatory rate-case approvals, interest rates, and often must chronically issue new equity (diluting shareholders) to fund massive infrastructure upgrades.
📊 Strategy Analysis
- • Irreplaceable regulated utility monopoly operating essential electric and gas delivery services in New York.
- • Recently approved multi-year rate hikes (9% electric, 6% gas) provide strong revenue visibility and underpin the 3.21% dividend yield.
- • Positive deleveraging trend with Net Debt/EBITDA improving from 5.6x in 2019 to 4.1x currently.
- • Attractive P/FFO valuation of 9.08x, which is highly favorable for a regulated utility.
⚠ What to Watch
- • Substantial share dilution (Net Buyback Yield of -6.79%) stemming from a $2B at-the-market equity program used to fund massive capital requirements.
- • Current P/E of 17.8x sits above the strategy's ideal 8-15x target range, providing a relatively thin income buffer for new capital.
- • Long-term structural risk of stranded natural 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: 2026-08-15
Disclaimer: This information is for educational purposes only. Not financial advice.