Consolidated Edison, IncNYSE: ED
Utilities · Multi-Utilities
$107.61
+0.19%
Vol: 260K
Research Digest
Monday, June 15, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Con Edison launches $2B ATM equity program after Q1 EPS beatNeutral▶
On May 7, 2026, Consolidated Edison reported Q1 net income of $924M ($2.55/share) vs $791M ($2.26) a year earlier; adjusted EPS was $2.18. The next day, May 8, the company announced a $2B at-the-market equity offering program. The board declared an $0.8875 quarterly dividend payable June 15. At the May 18 shareholder meeting, detailed director vote results were disclosed.
May 20No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18No significant overnight updatesNeutral▶
No material news in the last 48 hours. Recent context: Con Edison reported Q1 2026 net income of $2.55/share on May 7, announced a $2B ATM equity offering on May 12, and declared a $0.8875 quarterly dividend payable June 15.
May 15Consolidated Edison advances $2B at-the-market equity program as Goldman raises price target to $105 on financing progressMixed▶
Con Edison has launched a $2 billion at-the-market equity offering program to fund its capital needs, with the company completing approximately 70% of its 2026 equity financing during Q1. Goldman Sachs raised its price target to $105 citing financing progress, while Barclays trimmed its target to $107 from $110. Q1 2026 adjusted EPS came in at $2.18, down from $2.26 year-over-year, with management reaffirming FY2026 non-GAAP EPS guidance of $6.00 to $6.20. Trading volume surged to $0.35B on May 12 amid interest in the steady $3.55 annual dividend (3.34% yield). Among 19 analysts, consensus remains Hold based on three Strong Buys, ten Holds, one Moderate Sell and five Strong Sells. Key risk: regulatory and dilution pressure from the equity raise.
May 14Con Edison launches $2B ATM equity offering program on May 8 and announces second offering on May 12 to fund capital investments after Q1 EPS of $2.55Mixed▶
Consolidated Edison announced a $2 billion at-the-market (ATM) equity offering program on May 8, 2026, with agents including Barclays Capital and J.P. Morgan, to fund subsidiaries' capital requirements. Trading volume hit $0.35 billion on May 12 amid the announcement. The offering follows Q1 2026 GAAP EPS of $2.55 (vs $2.26 prior year), boosted by a gain on the Mountain Valley Pipeline sale completed for $357.5 million. Adjusted EPS came in at $2.18, slightly below the $2.26 prior year due to higher O&M costs and interest expense. The company reaffirmed 2026 adjusted EPS guidance of $6.00-$6.20. Con Edison also settled a forward sale agreement for 7 million shares generating $776 million in equity proceeds during Q1.
May 13Con Edison launched a $2 billion at-the-market equity offering program to fund infrastructure capex.Mixed▶
On May 12, 2026, Consolidated Edison announced a $2 billion ATM equity offering program, with shares to be sold through agents including Barclays Capital and J.P. Morgan. The program supports the company's sizable capital investment plan in New York energy infrastructure. This follows a Q1 2026 report where net income reached $924 million ($2.55/share GAAP), boosted by the Mountain Valley Pipeline divestiture, while adjusted EPS came in at $2.18. Con Edison reaffirmed full-year 2026 adjusted EPS guidance of $6.00 to $6.20. The ex-dividend date is May 13, 2026 at an annualized $3.55 dividend (~3.3% yield). The new equity issuance creates near-term dilution but funds long-term grid investment.
May 12Con Edison launches $2B at-the-market equity offering on May 8 to fund capital plan after Q1 EPS beatMixed▶
Con Edison disclosed a new $2 billion ATM equity offering program on May 8, 2026, with major investment banks including Barclays, BNY Mellon, BofA, CIBC, Jefferies and JPMorgan as agents. The capital raise follows Q1 2026 net income of $924M ($2.55/share), boosted by a $357.5M gain on the sale of its Mountain Valley Pipeline stake. Adjusted EPS of $2.18 actually missed estimates due to higher expenses. The company reaffirmed full-year adjusted EPS guidance of $6.00-$6.20. Barclays lowered the price target to $107 from $110. The equity offering risks dilution and signals heavy capex pressure on infrastructure investments.
May 11Con Edison launched a $2B at-the-market equity offering on May 8 after Q1 EPS beat GAAP but missed adjusted estimates.Mixed▶
Consolidated Edison announced a $2B ATM equity offering program on May 8, 2026, to fund subsidiary capital needs and general corporate purposes — a meaningful dilution event for a utility. Q1 2026 net income reached $924M ($2.55/share) vs. $791M ($2.26) a year earlier, beating GAAP but missing revenue and adjusted EPS estimates. The company declared a $0.8875/share quarterly dividend payable June 15. Management is reviewing strategic alternatives for stakes in Mountain Valley Pipeline and Honeoye Storage. Argus raised PT to $118 (Buy) on regulatory rate increases, while BofA raised to $104 (Underperform). Risks: equity dilution, regulatory rate outcomes.
May 8Con Edison Q1 EPS $2.55 beats estimates; reaffirms 2026 guidance on robust infrastructure investmentsPositive▶
Consolidated Edison reported Q1 2026 net income of $924 million or $2.55 per share, up from $2.26 in Q1 2025, beating expectations. The company reaffirmed 2026 adjusted EPS guidance of $6.00-$6.20 and raised dividend by 6.3% year-over-year. A $38 billion five-year investment plan focuses on reliability and clean energy, supported by rising EPS forecasts of $6.06 for 2026. However, analysts note political affordability concerns in New York, with 7 of 18 analysts rating it a sell, limiting upside despite strong operational performance.
May 7Consolidated Edison Q1 earnings due May 7 after market close; FY26 EPS guidance raised to $6.06Neutral▶
Consolidated Edison is scheduled to report Q1 2026 earnings after market close today with analyst expectations for $2.28 EPS and $5.22B revenue. Company raised FY26 EPS guidance to $6.06, signaling 6.3% YoY growth. Strong dividend stock with 3.09% yield and $2.3B 2025 net income. Recently announced $7B equity offering in February. BofA raised PT to $107 from $104; RBC Capital reaffirmed Hold rating. Benefits from infrastructure investments and data center demand.
May 6Consolidated Edison Q1 2026 earnings report scheduled May 7; quarterly dividend 88.75 cents declaredNeutral▶
Consolidated Edison declared quarterly dividend of 88.75 cents per share, payable June 15 to shareholders of record May 13. Company reports Q1 2026 earnings May 7 after market close. FY2026 guidance set at $6.00-$6.20 EPS with analysts predicting $6.06 (6.3% YoY growth). Stock up 11% YTD with 3.09% dividend yield. Analyst consensus is Hold with $107 target price. Company benefits from substantial infrastructure investments.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| NEENEXTERA | $85.63 | -4.53% | +0.7% | 20.4x | 0.72 | $187.1B |
| DDOMINION | $67.91 | -0.56% | +1.1% | 17.9x | 0.64 | $60.1B |
| SRESEMPRA | $91.59 | +0.04% | +1.5% | 16.5x | 0.60 | $59.8B |
| XELXCEL | $78.07 | -2.66% | +2.7% | 17.7x | 0.42 | $50.1B |
| EDCONSOLIDATED | $107.61 | +0.19% | +0.8% | 16.6x | 0.29 | $39.6B |
| PCGP | $16.47 | +0.16% | +3.7% | 9.1x | 0.29 | $36.2B |
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