Core Insights - Consolidated Edison, Inc. is recognized as one of the 10 Best Performing Electrical Infrastructure Stocks in 2025 [1] Analyst Ratings - Morgan Stanley has maintained an Underweight rating on Consolidated Edison, Inc., reducing its price target from $98 to $92, citing that data centers will significantly impact utility performance and growth in 2026 [2] - KeyBanc also reaffirmed its Underweight rating, lowering its price target from $90 to $86, attributing valuation pressure to the unfavorable political situation in New York, lack of growth prospects, and expected share shrinkage [3] Recent Transactions - Consolidated Edison, Inc.'s subsidiary signed a contract on November 24, 2025, to sell approximately 6.6% of its stake in Mountain Valley Pipeline, LLC for $357.5 million, with the deal expected to close in the first half of 2026 [4] Company Overview - Consolidated Edison, Inc. serves as a holding company for Orange & Rockland and Consolidated Edison of New York, providing electricity, natural gas, and steam to customers in southeastern New York, including New York City, and parts of New Jersey [5]

Group 1 - Consolidated Edison, Inc. (NYSE:ED) is recognized as one of the 11 Energy Stocks to consider for a retirement portfolio [1] - The company operates one of the largest energy delivery systems globally, serving 10 million customers in New York City and Westchester County [2] - Consolidated Edison has agreed to divest its approximately 6.6% interest in the Mountain Valley Pipeline for $357.5 million, with the transaction expected to close in the first half of 2026 [3] Group 2 - The proceeds from the divestment will be used to partially offset the company's common equity needs for the upcoming year and for general corporate purposes [3] - On November 21, Consolidated Edison faced pressure from President Trump and New York City Mayor-elect Zohran Mamdani to reduce its rates, citing that lower fuel prices have not been reflected in the utility's rates [4]

Group 1: Company Overview - Consolidated Edison, Inc. (NYSE:ED) is recognized as one of the 15 Best Boring Dividend Stocks to Buy, highlighting its stable dividend performance [1] - The company has a long-standing history of increasing its dividend for 51 consecutive years, the longest streak among utilities in the S&P 500 [4] - Consolidated Edison provides electricity, gas, and steam services to customers in the New York City area, contributing to its stable cash flow [4] Group 2: Recent Developments - Morgan Stanley has lowered its price target for Consolidated Edison from $97 to $93 while maintaining an Underweight rating, reflecting sector headwinds [2] - A subsidiary of Consolidated Edison has agreed to sell its approximately 6.6% stake in the Mountain Valley Pipeline to an Ares Management fund for $357.5 million, with the deal expected to close in the first half of 2026 [3] - The proceeds from the sale will be used to partially cover the company's common equity needs for 2026 and for general corporate purposes [4]

Core Insights - Consolidated Edison (ED) is divesting its renewable business to fund significant investments in its asset base, indicating a strategic shift in capital allocation [1]. Group 1: Company Strategy - The decision to sell the renewable business is aimed at addressing the massive investment needs within the company's asset base [1]. - The relative valuations of the company appeared favorable during the fall of 2022, suggesting potential for growth and investment opportunities [1]. Group 2: Investment Opportunities - The service "Value in Corporate Events" provides insights into major corporate events such as earnings reports, M&A, and IPOs, focusing on actionable investment ideas [1]. - The investment group covers approximately 10 major events monthly, aiming to identify the best opportunities for capitalizing on market movements [1].

Core Insights - Consolidated Edison (ED) is divesting its renewable business to fund significant investments in its asset base, indicating a strategic shift towards enhancing its core operations [1] Group 1: Company Strategy - The decision to sell the renewable business is aimed at generating capital for substantial investments required in the company's asset base [1] - The relative valuations of the company appeared favorable at the time of the analysis, suggesting potential for growth [1] Group 2: Investment Opportunities - The service "Value in Corporate Events" provides insights into major corporate events such as earnings reports, M&A, and IPOs, focusing on actionable investment ideas [1] - The investment group covers approximately 10 major events monthly, aiming to identify the best opportunities for investors [1]

Core Points - President Trump praised Mayor-elect Zohran Mamdani for his successful campaign and expressed hope for his tenure as mayor [1] - The meeting primarily addressed New York City's affordability crisis, impacting its 8.5 million residents, focusing on issues like rent, groceries, and utilities [2] - Both leaders agreed on the importance of housing development to alleviate affordability issues, with a shared goal of increasing construction to lower rents [3] - Despite political differences, the meeting emphasized collaboration for the benefit of New Yorkers, with Mamdani reaffirming his previous critical remarks about Trump [4] - Trump softened his stance on federal funding, indicating support for Mamdani despite earlier threats to cut funding if he was elected [4]

Core Insights - President Trump and New York City Mayor-elect Zohran Mamdani discussed affordability issues, particularly focusing on lowering electricity prices in New York City, which negatively impacted Consolidated Edison’s stock [1][2][4][9]. Company Overview - Consolidated Edison, known as Con Ed, is the primary utility provider in New York City, serving over 3 million customers [4]. - The company acknowledged the importance of affordability and expressed willingness to collaborate with the Mayor-elect on solutions to make New York more affordable [8]. Stock Performance - Following the comments made by Trump and Mamdani, Con Ed's stock experienced a decline, opening at $101.48, reaching a high of $103.28, but dropping to a low of $99.55, ultimately closing at $100.16, down 0.78% for the day [9]. - Despite the recent drop, Con Ed shares are up approximately 13% for the year [10]. Voter Sentiment - A Fox News Voter Poll indicated that 55% of New York City voters consider the cost of living the most pressing issue, with Mamdani receiving significant support from those concerned about affordability [13][14].

Core Insights - Consolidated Edison (ED) is implementing a systematic capital investment plan to enhance operations and service reliability, focusing on renewable energy to meet ESG objectives [1][4] - The company has a capital expenditure plan of $38 billion for 2025-2029 and aims to invest $72 billion over the next decade in energy infrastructure [2] - ED's investments include $2.9 billion for clean energy generation and $2.6 billion for climate resilience, supporting its net-zero carbon emission goal by 2050 [3] Factors Acting in Favor of ED - The systematic capital investment plan is designed to address the increasing electricity demand in the U.S. and improve the reliability of electric, gas, and steam delivery systems [2] - The focus on renewable energy development allows ED to capitalize on economic and ESG incentives in the utility-scale renewable energy market [4] Challenges Faced by ED - ED operates under state-approved rate plans that limit pricing flexibility and may restrict cost recovery, impacting financial performance [5][8] - Actual costs may exceed the amounts allowed in rate plans, and regulators may scrutinize the prudence of incurred costs, potentially affecting recovery [6] Share Price Performance - Over the past year, ED's shares have increased by 2.2%, while the industry has seen a growth of 17.2% [7]

Core Viewpoint - Consolidated Edison Inc. has shown mixed short-term performance with a slight decline in stock price, while demonstrating positive long-term growth, prompting a review of its price-to-earnings (P/E) ratio for potential investment insights [1]. Group 1: Stock Performance - As of the current session, Consolidated Edison Inc. shares are trading at $100.25, reflecting a 0.13% drop [1]. - Over the past month, the stock has decreased by 0.40%, but it has increased by 2.04% over the past year [1]. Group 2: P/E Ratio Analysis - The P/E ratio is a critical metric for evaluating the company's market performance relative to its earnings, historical data, and industry benchmarks like the S&P 500 [4]. - A higher P/E ratio may indicate that investors expect better future performance, potentially leading to overvaluation, while a lower P/E could suggest undervaluation or lack of expected growth [4][9]. Group 3: Industry Comparison - Consolidated Edison Inc. has a P/E ratio of 17.55, which is lower than the Multi-Utilities industry average of 26.46, suggesting that the stock may be perceived as underperforming compared to its peers or potentially undervalued [5]. - The P/E ratio should not be analyzed in isolation; it is essential to consider industry trends and business cycles for a comprehensive evaluation [9].

Key Takeaways Consolidated Edison's Q3 adjusted EPS rose 13.1% to $1.90, topping estimates by 7.9%.Total operating revenues climbed 10.7% to $4.53B, led by higher electric and gas sales.The company lifted its 2025 EPS outlook to $5.60-$5.70, narrowing to the upper half of guidance.Consolidated Edison, Inc. (ED) reported third-quarter 2025 adjusted earnings of $1.90 per share, which topped the Zacks Consensus Estimate of $1.76 by 7.9%. The bottom line also improved 13.1% from $1.68 recorded in the prior-year ...