Key Takeaways Consolidated Edison plans $38B in capital spending through 2029 to strengthen electric, gas and steam systems.ED is building the Brooklyn Clean Energy Hub to support offshore wind and add 1,500 MW capacity.ED's earnings visibility depends on rate cases, which can pressure returns if costs aren't fully recovered.Consolidated Edison’s (ED) capital investment program is expected to strengthen its core infrastructure and operational capabilities, leading to improved service reliability for custome ...

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].