ED
CONSOLIDATED EDISON INCEvidence as of 2026-10-15The desk's Snapshot
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Overview · CONSOLIDATED EDISON INC
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.6 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Man…
Management team
- Mr. Kirkland B. Andrews · Executive VP & CFOFind on LinkedIn
- Mr. Robert N. Hoglund · Senior Vice PresidentFind on LinkedIn
- Ms. Sylvia V. Dooley · VP & Corporate SecretaryFind on LinkedIn
- Mr. Matthew Ketschke · President of Consolidated Edison Company of New York, Inc.Find on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
−0.0 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is Mixed. Reported revenues were $4,798,000,000 in fiscal Q1 2025 (fiscal quarter ended 2025-04-30), $3,595,000,000 in fiscal Q2 2025 (fiscal quarter ended 2025-07-31), $4,530,000,000 in Q3 2025 (fiscal quarter ended 2025-10-31) and $5,095,000,000 in Q1 2026 (fiscal quarter ended 2026-04-30). Net income and operating income show the same lumpy pattern, with net income of $791,000,000, $246,000,000, $688,000,000 and $924,000,000 across those quarters and operating income of $1,125,000,000, $355,000,000, $968,000,000 and $1,177,000,000, respectively; diluted EPS ranged from $0.68 to $2.54 over the same sequence.
Filings and market data add texture: cash and cash equivalents fell from $1,629,000,000 as of 2025-12-31 to $147,000,000 as of 2026-03-31, long‑term debt was reported at $25,801,000,000 (debt as of 2025-12-31), the company disclosed an estimated $37,100 million of utility capital expenditures needed over the next five years, trailing twelve‑month dividend yield was +3.20% (82nd percentile), and valuation multiples include price‑to‑FCF (TTM) of 31.45 and P/E (TTM) of 14.87.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Revenues were $4,798,000,000 in fiscal Q1 2025 (2025-01-01 to 2025-03-31, 3mo), $3,595,000,000 in fiscal Q2 2025 (2025-04-01 to 2025-06-30, 3mo), $4,530,000,000 in fiscal Q3 2025 (2025-07-01 to 2025-09-30, 3mo) and $5,095,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo).
XBRL companyfacts · 0001047862-25-000045Net income was $791,000,000 in fiscal Q1 2025 (2025-01-01 to 2025-03-31, 3mo), $246,000,000 in fiscal Q2 2025 (2025-04-01 to 2025-06-30, 3mo), $688,000,000 in fiscal Q3 2025 (2025-07-01 to 2025-09-30, 3mo) and $924,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo).
XBRL companyfacts · 0001047862-26-000091Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
The company's Form 10-K filed February 19, 2026 includes multiple newly emphasized regulatory and operational risk disclosures, including risks related to extensive regulation and potential penalties, failure or damage to facilities, AI deployment risks, climate-change-related costs, access to capital markets to fund an estimated $37,100 million of utility capital expenditures over the next five years, and wholesale energy market disruptions.
10-K filed 2026-02-19Management reported that operating revenues increased $953 million in 2025 compared with 2024, 'primarily due to an increase in revenues from the electric rate plan ($584 million), higher purchased power expenses ($277 million) and higher fuel expenses ($47 million),' as stated in the Form 10-K filed February 19, 2026.
10-K filed 2026-02-19Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
The trailing twelve-month dividend yield is +3.20% and its dividend yield ranks in the 82th percentile of the 882-stock research universe on 2026-10-14.
Moneyta signal set · 2026-10-14Three-year dividend growth is +2.9% as of 2026-10-14.
Moneyta signal set · 2026-10-14Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional 13F-reported holdings totaled $30.46B as of 2026-06-30 (the 13F reporting quarter), with reported aggregate value up 5.8% quarter-over-quarter.
13F holdings · 1439 filers · as of 2026-06-30BlackRock, Inc. was the largest reported 13F holder with $4.61B, followed by STATE STREET CORP at $2.78B and VANGUARD CAPITAL MANAGEMENT LLC at $2.66B in the 13F for the period ended 2026-06-30.
13F holdings · 1439 filers · as of 2026-06-30Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Several outlets reported Consolidated Edison’s announcement of a five‑year, $38 billion infrastructure investment program centered on electrification, grid modernization, reliability upgrades, and climate resilience (coverage published 6–8 October 2026).
News · finance.yahoo.com · 2026-10-06Additional coverage of the same $38 billion grid plan and its possible valuation implications appeared in other outlets, including a 7 October 2026 article on investor response and an 8 October 2026 analysis framing the plan relative to fair value.
News · finance.yahoo.com · 2026-10-07Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Miller Joseph (VP & Controller) bought "1.05" shares for "$111" on 2026-09-15; the filing shows no trading-plan flag.
Form 4 · Miller Joseph (VP & Controller) · $111 bought · 2026-09-15RANGER MICHAEL W (Director) reported an acquisition (action "code A") of "476.959" shares for "$49k" on 2026-09-30; the filing shows no trading-plan flag.
Form 4 · RANGER MICHAEL W (Director) · $49k code A · 2026-09-30Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model calculates the implied free cash flow (FCF) growth rate that today's price would justify as 20.38%.
Valuation inputs · SEC XBRL + stored EOD closePrice-to-FCF (TTM) is 31.45 according to the filings and inputs provided.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
The evidence shows several favorable operating and market signals: revenues, operating income, net income and diluted EPS all climbed to stronger levels in fiscal Q1 2026 versus the comparable prior quarters, while trailing dividend yield ranks high in the research universe and short-term volatility is low. Institutional ownership and ETF inclusion are sizable, and multiple insiders reported purchases, which together indicate steady investor interest. The Form 10-K includes an auditor opinion that internal control over reporting was effective, and management has publicized a large multi-year infrastructure plan that aligns with the company’s revenue and operating scale. Counterpoints cited by bearish claims — elevated debt and low cash, receivables-driven liquidity pressure, and share-count increases — are factual but should be weighed alongside robust operating cash flow (positive TTM FCF) and management actions to address collections; likewise, EPS rose despite a modest increase in diluted shares, which mitigates dilution concerns as an explanatory factor for recent profitability gains.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.30
38 surviving claims rest on 19 distinct sources; the heaviest analyst carries 16% of them, and 99% of what the desk raised survived the debate.
The evidence set rests on a moderate breadth of sources but a relatively small number of distinct documents; one analyst contributed a meaningful share of surviving claims and nearly all claims survived internal challenge, which raises caution about overconfidence. In short, the read is informative but somewhat brittle: it carries useful, corroborated facts but limited independent overturning, so treat aggregate conclusions as evidence-weighted observations rather than definitive, broadly stress‑tested findings.
Peer context · computed, not argued
12-1 momentum ranks 4th of 16 in Utilities—Regulated Electric (as of 2026-10-14).
90-day volatility ranks 11th of 16 in Utilities—Regulated Electric (as of 2026-10-14).
dividend yield ranks 11th of 16 in Utilities—Regulated Electric (as of 2026-10-14).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
10 filings· 3 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+0.3 to the score
8 documents· 3 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes−0.2 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.4 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.8 to the score
6 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
5 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot+0.6 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on ED Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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