We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's Why Investors Should Add ED to Their Portfolio Right Now
Read MoreHide Full Article
Key Takeaways
Consolidated Edison cites rising electricity demand and grid modernization to support performance.
ED plans $6.6B spend in 2026 and nearly $38B for 2026-30, including clean energy and resilience.
ED raised its dividend to 88.75 cents, extending 52 years of increases; debt-to-capital is 50.20%.
Consolidated Edison (ED - Free Report) benefits from rising electricity demand, grid modernization and maintenance of its electric, gas and steam delivery systems, supporting service reliability and financial performance. The company invests systematically in renewable and storage expansion, boosting its long-term growth.
The Zacks Consensus Estimate for ED’s 2026 and 2027 earnings have moved up 0.33% and 0.47%, respectively, in the past 60 days. The Zacks Consensus Estimate for ED’s 2026 and 2027 sales is pinned at $17.45 billion and $18.38 billion, indicating year-over-year growth of 3.14% and 5.35%, respectively.
ED’s long-term (three to five years) earnings growth rate is 6.47%.
ED surpassed the Zacks Consensus Estimate in three of the last four reported quarters and missed it once, delivering an average positive earnings surprise 2.24%.
ED’s Stable Investments
The company undertakes systematic capital investment for renewable expansion while upgrading and modernizing its electric, gas and steam delivery infrastructure. This supports the company’s carbon neutrality plan, improves operational efficiency, enhances service reliability and supports long-term growth.
The company aims to invest $6.6 billion in 2026 and nearly $38 billion for 2026-2030. Consolidated Edison's 10-year investment plan includes $2.9 billion in clean energy generation and $2.6 billion to strengthen climate resilience.
ED’s Shareholder Return Program
The company has been rewarding its shareholders with continuous dividend increases for 52 years. It announced a dividend of 88.75 cents, resulting in an annualized dividend of $3.55, reflecting a 4.4% increase from 2025. Consolidated Edison has a dividend yield of 3.42% versus the Zacks S&P 500 composite’s average of 1.45 %.
ED’s Debt Position
The debt-to-capital ratio measures the extent to which a company relies on debt financing relative to its total capital, reflecting its financial leverage and long-term solvency. ED’s total debt-to-capital is 50.20%, which is lower than the industry’s 59.94%, indicating stronger financial stability and lower leverage risk.
ED’s time earned ratio (TIE) at the end of the first quarter of 2026 was 3.3. The TIE ratio reflects a company’s ability to meet long-term debt obligations by evaluating how effectively operating earnings cover interest expenses and serves as an indicator of long-term solvency and financial health.
Price Performance of ED
In the past six months, Consolidated Edison shares have risen 9.4% compared with the industry’s 2.3% growth.
Image Source: Zacks Investment Research
Other Stocks to Consider
Some other top-ranked stocks from the same industry are Duke Energy (DUK - Free Report) , Companhia Paranaense de Energia - Copel Unsponsored ADR (ELPC - Free Report) and PG&E (PCG - Free Report) , each carries a Zacks Rank #2 at present.
DUK, ELPC and PCG dividend yields are 3.52%, 5.01% and 1.21%, respectively.
The Zacks Consensus Estimate for Duke Energy, ELPC and PG&E 2026 EPS is pegged at $6.71, 74 cents and $1.65, suggesting year-over-year growth of 6.34%,45.10% and 10%, respectively.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Here's Why Investors Should Add ED to Their Portfolio Right Now
Key Takeaways
Consolidated Edison (ED - Free Report) benefits from rising electricity demand, grid modernization and maintenance of its electric, gas and steam delivery systems, supporting service reliability and financial performance. The company invests systematically in renewable and storage expansion, boosting its long-term growth.
Let’s focus on the factors that make this Zacks Rank #2 (Buy) stock a strong investment pick at the moment. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Projections for ED & Surprise History
The Zacks Consensus Estimate for ED’s 2026 and 2027 earnings have moved up 0.33% and 0.47%, respectively, in the past 60 days. The Zacks Consensus Estimate for ED’s 2026 and 2027 sales is pinned at $17.45 billion and $18.38 billion, indicating year-over-year growth of 3.14% and 5.35%, respectively.
ED’s long-term (three to five years) earnings growth rate is 6.47%.
ED surpassed the Zacks Consensus Estimate in three of the last four reported quarters and missed it once, delivering an average positive earnings surprise 2.24%.
ED’s Stable Investments
The company undertakes systematic capital investment for renewable expansion while upgrading and modernizing its electric, gas and steam delivery infrastructure. This supports the company’s carbon neutrality plan, improves operational efficiency, enhances service reliability and supports long-term growth.
The company aims to invest $6.6 billion in 2026 and nearly $38 billion for 2026-2030. Consolidated Edison's 10-year investment plan includes $2.9 billion in clean energy generation and $2.6 billion to strengthen climate resilience.
ED’s Shareholder Return Program
The company has been rewarding its shareholders with continuous dividend increases for 52 years. It announced a dividend of 88.75 cents, resulting in an annualized dividend of $3.55, reflecting a 4.4% increase from 2025. Consolidated Edison has a dividend yield of 3.42% versus the Zacks S&P 500 composite’s average of 1.45 %.
ED’s Debt Position
The debt-to-capital ratio measures the extent to which a company relies on debt financing relative to its total capital, reflecting its financial leverage and long-term solvency. ED’s total debt-to-capital is 50.20%, which is lower than the industry’s 59.94%, indicating stronger financial stability and lower leverage risk.
ED’s time earned ratio (TIE) at the end of the first quarter of 2026 was 3.3. The TIE ratio reflects a company’s ability to meet long-term debt obligations by evaluating how effectively operating earnings cover interest expenses and serves as an indicator of long-term solvency and financial health.
Price Performance of ED
In the past six months, Consolidated Edison shares have risen 9.4% compared with the industry’s 2.3% growth.
Image Source: Zacks Investment Research
Other Stocks to Consider
Some other top-ranked stocks from the same industry are Duke Energy (DUK - Free Report) , Companhia Paranaense de Energia - Copel Unsponsored ADR (ELPC - Free Report) and PG&E (PCG - Free Report) , each carries a Zacks Rank #2 at present.
DUK, ELPC and PCG dividend yields are 3.52%, 5.01% and 1.21%, respectively.
The Zacks Consensus Estimate for Duke Energy, ELPC and PG&E 2026 EPS is pegged at $6.71, 74 cents and $1.65, suggesting year-over-year growth of 6.34%,45.10% and 10%, respectively.