Key Stats for Consolidated Edison Stock
- Price Change: +1.9%
- Current Price: $107
- Advanced Model Target: $137
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What Happened?
Shares of Consolidated Edison, Inc. (ED) gained 1.9% to close at $107 following the utility’s historic 52nd consecutive annual dividend increase.
The board declared a quarterly dividend of 88.75 cents per share, reinforcing its status as the longest-running dividend grower among utilities in the S&P 500.
Furthermore, management also recently finalized the sale of its stake in the Mountain Valley Pipeline for $358 million to focus capital on regulated grid projects.
Additionally, analysts at Zacks Investment Research have set a high price target of $128, citing clear earnings visibility from the new three-year rate plan.
While sector peers like Exelon (NASDAQ:EXC) and National Grid (NYSE:NGG) navigate shifting regulatory hurdles, Consolidated Edison has secured a constructive 9.4% allowed return on equity.
Moreover, the company continues to deploy nearly $5 billion annually into grid modernization to accommodate electric vehicle demand and building electrification.
Additionally, this massive capital plan is expected to support a long-term EPS growth rate of 6.5% through 2026 as the firm scales its renewable integration.
See analysts’ growth forecasts and price targets for Consolidated Edison stock (It’s free!) >>>
Is Consolidated Edison Undervalued Today?
During the latest strategic update, Chairman and CEO Tim Cawley emphasized the essential role the company plays in the clean energy transition.
He stated: “We continue to execute on our strategy with disciplined investments in our infrastructure to maintain our world-class reliability and strengthen grid resilience.”
Regarding the transition to a more sustainable grid, he noted that infrastructure requirements are creating massive new investment cycles.
Furthermore, he noted: “The trend of building electrification and electric vehicle adoption presents continuing opportunities to invest in our electric delivery system.”
Additionally, management remains optimistic that its proactive approach to the clean energy transition will deliver consistent, stable returns for shareholders through 2026.
Read the full Consolidated Edison Transcript on TIKR to see the clean energy roadmap >>>
According to TIKR’s Advanced Valuation Model, the stock is currently trading at a tactical discount as the market digests the full impact of its record dividend streak.
- Target Price: $137
- Current Price: $107
- Potential Upside: +27.8%
The investment case for Consolidated Edison centers on its role as a regulated utility with “toll booth” like cash flows and an accelerating investment base.
If Consolidated Edison continues to hit its reliability targets and successfully integrates its offshore wind transmission projects, the gap to $137 could close significantly.
Conclusion: The utility leader is engineered for a high-quality recovery. With a 27.8% upside potential and a model pointing to $137, Consolidated Edison stock offers a resilient mix of record dividend growth and clean energy infrastructure exposure through 2026.
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How Much Upside Does Consolidated Edison Stock Have From Here?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
