Consolidated Edison, Inc. (ED)

In the past six months, Consolidated Edison's stock has experienced several notable events. The company reported its earnings results on Thursday, November 6th, 2025, with earnings per share of $1.90, surpassing analysts' consensus estimates of $1.76, and revenue for the quarter was $4.53 billion, exceeding expectations of $4.22 billion. Consolidated Edison also announced a quarterly dividend of $0.8875, payable on Monday, March 16th, 2026, to investors of record on Wednesday, February 18th, 2026, marking the utility's 52nd consecutive annual dividend increase. A director of the company sold 38,661 shares of the company's stock at an average price of $96.89 on February 5th, 2026, reducing their position by 5.56%. Additionally, management finalized the sale of its stake in the Mountain Valley Pipeline for $358 million to concentrate capital on regulated grid projects. The stock's 52-week range has been between $93.52 and $114.87.

Demand for Consolidated Edison's products and services exhibits clear seasonality, largely driven by weather patterns. Electricity demand typically sees a significant increase during the summer months due to the widespread use of air conditioning. Conversely, demand for natural gas and steam services peaks during the colder winter months for heating purposes.

Consolidated Edison, Inc. is a New York City-based energy company and one of the largest investor-owned energy companies in the United States. The company's core business involves regulated electric, gas, and steam delivery services through its main subsidiaries: Consolidated Edison Company of New York, Inc. and Orange and Rockland Utilities, Inc. Con Edison provides electricity to approximately 3.6 million customers and gas service to about 1.1 million customers in New York City and Westchester County and manages one of the world's largest district steam systems, serving over 1,600 customers in Manhattan. Beyond its regulated utility operations, Con Edison also invests in electric and natural gas transmission projects. The company has also historically invested in solar and wind projects, with a renewable portfolio containing over 1.5 gigawatts of operating capacity, primarily from solar energy. However, it finalized the sale of its clean energy business to RWE in early 2023 to focus capital on regulated grid projects.

Consolidated Edison, Inc. primarily serves the New York metropolitan area. Its regulated utility subsidiaries, CECONY and O&R, provide electric, gas, and steam services across New York City and Westchester County in southeastern New York. Orange and Rockland Utilities also extends its electric and gas services to adjacent areas of northern New Jersey.

Consolidated Edison's brand reputation has seen a mix of positive and negative developments. Con Edison has been recognized as a reliability leader among New York State and U.S. energy companies. However, the company has faced significant criticism regarding customer service and billing practices. A major event impacting Con Edison's reputation was a settlement announced in March 2025, where the company agreed to pay $750,000 and implement anti-harassment reforms to resolve a lawsuit.

Institutional investors are the primary owners of Consolidated Edison, Inc., collectively owning approximately 72% of the company. The Vanguard Group, Inc. is the largest institutional shareholder, holding 12% ownership. Other major institutional shareholders include BlackRock, Inc., State Street Corp, Geode Capital Management, Llc, Lazard Asset Management Llc, and Morgan Stanley. Individual investors and public companies hold a significant portion as well, with approximately 51.21% owned by public companies and individual investors, and insiders owning about 0.17% of the company's stock.