Consolidated Edison, Inc. (ED)

Consolidated Edison's stock reached a 52-week low of $87.28 on January 13, 2025. On January 16, 2025, Con Edison declared a quarterly dividend of 85 cents per share. On January 27, 2025, ED stock trended up by 4.91% due to reports of its strategic expansion into renewable energy projects. Con Edison reported its Q4 2024 earnings, which topped estimates. On May 1, 2025, ED shares closed down marginally after the company reported its Q1 2025 results. On May 6, 2025, a BofA analyst maintained a "Buy" rating on ED but lowered the price target to $119. Mizuho upgraded Consolidated Edison Inc. (ED) from a Neutral rating to Outperform and raised its price target from $105 to $107. Con Edison announced a public offering of 7,000,000 common shares through a forward sale agreement. There has been significant public opposition and concern regarding Con Edison's proposed rate hikes for 2026.

Electricity demand typically increases with temperature, particularly during the summer months, due to higher air conditioning usage, leading to higher electricity rates during peak periods. Con Edison's winter steam rates are in effect from November 1 to April 30, indicating a seasonal demand for steam heating. The company encourages customers to conserve energy during both peak summer and winter seasons to manage costs.

Consolidated Edison, Inc. is an energy holding company in the United States, operating primarily as a regulated electric, gas, and steam delivery business. Through its main subsidiaries, CECONY and O&R, Con Edison provides electric, gas, and steam services. Following the sale of its clean energy business to RWE in early 2023, Con Edison became primarily an energy distributor, with its regulated utilities generating nearly all of its earnings. The company also provides energy-related products and services to wholesale and retail customers and customized energy-management services.

Con Edison's primary geographic footprint is concentrated in the New York metropolitan area, including all five boroughs of New York City and Westchester County, New York. Orange and Rockland Utilities extends the company's reach to southeastern New York and northern New Jersey, and historically, parts of Pennsylvania. 99.7% of its service territory is in New York City and Westchester County.

Consolidated Edison's brand reputation has been positively impacted by winning the 2024 National ReliabilityOne® Award for providing the most reliable electric service in the nation. However, the company's reputation has faced challenges due to proposed rate increases, generating public upset and opposition.

Consolidated Edison, Inc. is largely owned by institutional shareholders, holding 69.64% of the company. Individual investors hold 29.94% of the company, while Consolidated Edison insiders own 0.42%.