Why Consolidated Edison (ED) is a Top Value Stock for the Long-Term

Company Overview - Consolidated Edison, Inc. (ConEd) is a diversified utility holding company based in New York, incorporated in 1823, with subsidiaries involved in both regulated and unregulated businesses [11] - In March 2023, the company completed the sale of all shares of its Con Edison Clean Energy businesses, which focused on renewable and sustainable energy infrastructure projects [11] Investment Ratings - ConEd currently holds a 3 (Hold) rating on the Zacks Rank, with a VGM Score of B, indicating a solid position in the market [12] - The company has a Value Style Score of B, supported by attractive valuation metrics, including a forward P/E ratio of 18.43, which may appeal to value investors [12] Earnings Estimates - One analyst has revised their earnings estimate higher for fiscal 2025 over the last 60 days, with the Zacks Consensus Estimate increasing to $5.63 per share [12] - ConEd has demonstrated an average earnings surprise of +2%, indicating a positive trend in earnings performance [12] Investment Consideration - With a solid Zacks Rank and strong Value and VGM Style Scores, ConEd is recommended for investors looking for potential opportunities in the utility sector [13]