Several key points can be extracted from the recent news regarding Consolidated Edison. Morgan Stanley and UBS both maintained unfavorable ratings, while Wells Fargo initiated coverage with an equal weight rating. ConEd saw earnings growth in Q3 2025, despite a backlash over proposed rate increases. A settlement was reached to lower these hikes, while the company agreed to divest interest in the Mountain Valley Pipeline. The dividend has been declared again and the company maintains strong institutional backing, with a 72% ownership stake by institutions.
Community pushback led to reduced rate increases, with the latest hike cut to 2.8%. The company announced a public offering of shares and that VP & controller, Miller Joseph, bought shares. The company has performed well over the past 5 years with a 55.4% gain. Despite this, they have secured a $500 million term loan and released a $900 million debt offering. Meanwhile, both Donald Trump and NYC mayor Mamdani have called for rate cuts.
ConEd is also investing in infrastructure, starting construction of a transmission line in Western Queens to meet power needs. Despite price target downgrades and regulatory headwinds, the company remains a strong contender among electric utilities, with consistent payouts and steady growth.
Consolidated Edison ED News Analytics from Thu, 20 Feb 2025 08:00:00 GMT to Wed, 24 Dec 2025 16:01:33 GMT - Rating 2 - Innovation 6 - Information 7 - Rumor -4
