Consolidated Edison, Inc. (ED) Stock Price & How to Invest
Last updated July 2026
Short answer
You can invest in Consolidated Edison (ED) by buying shares or fractional shares at any major US broker, through a utilities or dividend ETF that holds it, or as one holding in a thematic basket. Con Edison is a regulated electric, gas, and steam utility serving New York City and Westchester County, so its earnings come from rates that state and federal regulators approve rather than from open competition. The single most important thing to understand is that this is a slow, steady, rate-regulated business valued mostly for its dividend: it has raised its payout for more than 50 straight years, making it a Dividend Aristocrat, and its growth is tied to how much capital regulators let it invest in the grid.
ED stock price
As of 2026-08-24, Consolidated Edison, Inc. (ED) last closed at $107.71, up 7.8% over the past year. Over the past 52 weeks it has traded between $95.41 and $115.46.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Consolidated Edison, Inc.'s investor relations page. Walnut is informational, not investment advice.
What does Consolidated Edison, Inc. (ED) do?
Consolidated Edison, Inc. is a holding company whose main subsidiary, Consolidated Edison Company of New York, delivers regulated electricity, natural gas, and steam to New York City and Westchester County. A second utility, Orange and Rockland, serves nearby areas, and the company also holds FERC-regulated electric transmission investments. Because it operates as a regulated monopoly in its service territory, Con Edison does not compete for customers: instead, state and federal regulators set the rates it can charge and the return it can earn on the capital it invests, which makes its revenue and earnings unusually predictable compared with most companies.
The investment picture in mid-2026 centers on steady, regulator-driven growth. In January 2026 the New York Public Service Commission approved three-year electric and gas rate plans covering roughly $17 billion in capital investment, with an allowed return on equity of 9.40% and a 48% equity ratio. First-quarter 2026 revenue was about $5.1 billion, up roughly 6% year over year, and the company reaffirmed full-year adjusted earnings-per-share guidance of $6.00 to $6.20. To fund its infrastructure and electrification spending, Con Edison filed for a $2 billion at-the-market common stock program, and it raised its quarterly dividend about 4.4% in January 2026, extending a dividend-increase streak past five decades. The company is also exiting non-core assets, including the planned sale of its interest in the Mountain Valley Pipeline.
What's driving Consolidated Edison, Inc. (ED)?
1. Large approved rate-base investment plan
Con Edison's earnings grow mainly by investing capital that regulators allow it to recover in rates. The January 2026 New York rate plans authorize roughly $17 billion of capital investment over three years at a 9.40% allowed return on equity. That approved spending on grid upgrades, gas safety, and electrification gives the company a visible, low-risk path to grow its rate base and earnings, which is the core engine behind its steady dividend increases.
2. Electrification and clean-energy transition in New York
New York State has aggressive climate and electrification targets that require major upgrades to the electric grid, from EV charging to building electrification and interconnecting renewables. As the utility that delivers power in the nation's largest city, Con Edison is positioned to invest heavily in this buildout. More approved capital spending translates into a larger rate base, which supports long-term earnings and dividend growth if regulators keep authorizing the investment.
3. A 50-plus-year dividend growth streak
Con Edison is a Dividend Aristocrat that has raised its dividend for more than 50 consecutive years, one of the longest streaks in the S&P 500. In January 2026 it lifted the quarterly payout about 4.4%. For income-focused investors, this reliability is the central appeal: the regulated model produces steady cash flow that supports a durable, slowly rising dividend even when the broader economy weakens.
4. Portfolio simplification and defensive profile
The company has been shedding non-core assets, including selling its clean-energy business in prior years and, in 2026, planning to sell its stake in the Mountain Valley Pipeline. This sharpens the focus on the regulated New York utilities, which carry the most predictable earnings. Combined with essential-service demand that holds up in downturns, this defensive profile is why Con Edison often outperforms when markets are fearful and lags when they rally.
What are the risks to Consolidated Edison, Inc. (ED)?
The biggest risks are regulatory and interest-rate driven. Because rates and allowed returns are set by the New York Public Service Commission, an unfavorable rate case or a lower authorized return on equity can directly cap earnings growth. As a capital-intensive utility, Con Edison carries substantial debt and funds growth partly by issuing equity, such as the 2026 $2 billion at-the-market program, which can dilute existing shareholders. It is also interest-rate sensitive: when bond yields rise, income investors may sell utility shares in favor of safer yields, pressuring the stock even if the business is healthy. Extreme weather, storm-restoration costs, aging infrastructure, and the pace and cost of New York's electrification mandates add operational and execution risk on top of these financial pressures.
What is the Consolidated Edison, Inc. (ED) forecast?
17 analysts publish price targets on ED, averaging $111.85 against a $108.85 price as of August 2026, or +2.8%. The published targets run from $94.00 to $130.00, a moderate spread, and the ratings split 2 buy, 10 hold, 7 sell. Over the last six months there have been 4 raises and 3 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.
Read the full ED forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.
Is ED a buy or a sell?
We give no verdict on Consolidated Edison, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.
The case for buying. Large approved rate-base investment plan. Con Edison's earnings grow mainly by investing capital that regulators allow it to recover in rates. The most optimistic published target, $130.00, assumes this works close to its best case.
The case against. The biggest risks are regulatory and interest-rate driven. The most pessimistic target, $94.00, is roughly what ED is worth if this bites instead.
Read the full bull and bear case on ED, including what would have to change to break either one. Walnut is not an investment adviser.
How is Consolidated Edison, Inc. (ED) valued? (approximate, Jul 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Consolidated Edison, Inc.'s investor relations page or your broker.
- Revenue trend: Q1 2026 revenue ~$5.1 billion, up ~6% year over year; steady, regulator-driven growth rather than fast expansion
- Profitability: Q1 2026 net income for common stock ~$924 million (~$2.55 per share); adjusted EPS ~$2.17 came in below consensus
- Full-year guidance: Reaffirmed 2026 adjusted EPS guidance of ~$6.00 to $6.20
- Balance sheet / financing: Capital-intensive with significant debt; funding growth partly via a ~$2 billion at-the-market equity program, which can dilute holders
- Capital returns: Dividend Aristocrat with a 50-plus-year increase streak; quarterly dividend raised ~4.4% to ~$0.8875 in January 2026
- Analyst sentiment: Mixed; some Buy ratings (Argus target ~$112) alongside downgrades to Neutral (Mizuho ~$105) citing constrained growth and valuation
Figures are approximate and tied to the asOf date; verify live numbers before acting. Utilities like Con Edison are usually valued on dividend yield and price-to-earnings relative to peers rather than on rapid growth, so the key questions are whether regulators keep approving investment, where interest rates head, and how the yield compares with bonds. A below-consensus adjusted EPS quarter and a large equity raise are worth watching against the reaffirmed full-year guidance.
Who competes with Consolidated Edison, Inc. (ED)?
Large regulated utility peers
NextEra Energy (NEE), Duke Energy (DUK), Southern Company (SO), Exelon (EXC), and American Electric Power (AEP) are large regulated electric and gas utilities that compete for the same income-oriented investors. Like Con Edison, their earnings depend on approved rate bases and allowed returns, though several combine regulated operations with faster-growing renewables businesses.
Northeast and neighboring utilities
Public Service Enterprise Group (PEG), Eversource Energy (ES), and National Grid operate regulated utilities in the Northeast and face similar state-regulatory and storm-cost dynamics. They are the closest geographic peers and offer alternative ways to invest in the same electrification and grid-investment theme in a comparable regulatory climate.
Dividend-focused utility Aristocrats
Among utilities, Atmos Energy (ATO) and NextEra Energy (NEE) share Con Edison's Dividend Aristocrat status, with decades of consecutive payout increases. Investors seeking dependable, slowly rising utility income often compare these names directly on yield, dividend-growth streak, and rate-base growth outlook.
What stocks are similar to Consolidated Edison, Inc. (ED)?
Other names that sit close to ED: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.
How to invest in Consolidated Edison, Inc. (ED)
There are three common ways to get ED exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so ED sits alongside other stocks that express the same thesis.
Walnut takes the portfolio route. Describe a thesis where ED fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on Consolidated Edison, Inc. (ED)
Con Edison is a defensive, low-volatility regulated utility prized for a 50-plus-year dividend growth streak and a large approved capital plan. It trades like a bond proxy, so it can lag in strong markets and is sensitive to interest rates and regulatory outcomes, not a high-growth story.
More on Consolidated Edison, Inc. (ED)
Whether ED is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is ED a buy or a sell?, and where the stock could go from here in the ED stock forecast.
For income investors, whether ED pays a dividend and how the payout looks is covered in does ED pay a dividend? And to weigh ED against a peer, read the full side-by-side comparisons: ED vs NEE and ED vs DUK.
Wondering how ED fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in Consolidated Edison, Inc. with AI
Connect the broker you already use and ask Walnut's AI how ED fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
Is ED a good stock to buy right now?
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That depends on your goals, time horizon, and risk tolerance, and this is not investment advice. The bull case is a defensive, regulated utility with a 50-plus-year dividend growth streak and a large approved capital plan driving steady earnings. The bear case is limited growth, sensitivity to interest rates, an equity raise that can dilute holders, and a valuation some analysts call full. Weigh both against your own portfolio.
What does Consolidated Edison actually do?
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Con Edison is a regulated utility that delivers electricity, natural gas, and steam to New York City and Westchester County through its main subsidiary, plus nearby areas via Orange and Rockland. It also holds federally regulated electric transmission investments. Regulators set the rates it charges, so its earnings are unusually predictable compared with most companies.
Does Consolidated Edison pay a dividend?
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Yes. Con Edison is a Dividend Aristocrat with more than 50 consecutive years of dividend increases, one of the longest streaks in the S&P 500. In January 2026 it raised the quarterly payout about 4.4% to roughly $0.8875 per share. The dividend is the main reason many investors hold the stock. Always check the latest declared dividend and yield before assuming any payout.
Why is Con Edison considered a defensive stock?
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Electricity, gas, and steam are essential services that people use in good times and bad, so demand is stable through recessions. Con Edison also operates as a regulated monopoly with rates set by regulators, making revenue predictable. That steady cash flow and low volatility mean the stock often holds up better than the market in downturns, though it may lag during strong rallies.
How does regulation affect ED's earnings?
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The New York Public Service Commission approves the rates Con Edison charges and the return it can earn on invested capital. In January 2026 it approved three-year plans covering about $17 billion of capital investment at a 9.40% allowed return on equity. Favorable rate cases support earnings and dividend growth, while unfavorable ones can cap them, so regulation is central to the stock.
Why is the stock sensitive to interest rates?
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Utilities like Con Edison are often held for their dividend yield, similar to bonds. When interest rates rise, newly issued bonds offer higher safe yields, so some income investors sell utility shares, pressuring the price even if the business is fine. Utilities also carry a lot of debt, so higher rates raise their borrowing costs, adding another layer of rate sensitivity.
What is the $2 billion equity offering about?
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In 2026 Con Edison filed for a roughly $2 billion at-the-market common stock program to help fund its large infrastructure and electrification investments. Issuing new shares raises capital without adding debt, but it can dilute existing shareholders by increasing the share count. It is a common way for capital-intensive utilities to finance approved rate-base spending.
How can I get exposure to Con Edison through an ETF?
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ED appears in many utilities-sector, dividend, and broad-market ETFs, where it sits among large regulated utility names. Utilities and dividend-focused funds tend to weight it meaningfully. ETF exposure spreads single-stock risk across many holdings but dilutes how much any Con Edison move affects you. Always check a fund's holdings and weighting before assuming meaningful exposure to ED specifically.
What are the main risks of investing in ED?
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The central risks are regulatory and interest-rate driven: an unfavorable rate case or lower allowed return can cap earnings growth, and rising rates can pressure the yield-driven stock. Con Edison is capital-intensive with significant debt and funds growth partly through equity raises that can dilute holders. Extreme weather, storm-restoration costs, and the cost of New York's electrification mandates add operational risk.
Is Con Edison a growth stock or an income stock?
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It is firmly an income stock, not a growth stock. Its appeal is a dependable, slowly rising dividend backed by a 50-plus-year increase streak and predictable regulated earnings. Earnings grow at a modest, single-digit pace tied to approved capital investment, not the rapid expansion of a technology company. Investors typically hold it for stability and yield rather than share-price appreciation.
Guides that feature ED
ED is one of the names covered in these guides. Each one puts the stock next to its peers so you can see where it fits rather than judging it alone.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Consolidated Edison, Inc.'s investor relations page or your broker before making investment decisions.