Consolidated Edison: Evercore ISI Group initiates coverage on In-Line, PT $106.
ByAinvest
Tuesday, Oct 7, 2025 8:03 am ET1min read
ED--
According to Evercore ISI, Consolidated Edison’s regulatory environment is supportive, with approximately 92% of its rate-base expansion being recoverable through forward-looking rate mechanisms. This stability is reflected in the stock’s low volatility and its history of maintaining dividend payments for 55 consecutive years, currently yielding 3.53% [1].
The firm expressed confidence in Consolidated Edison’s capital plan of approximately $38 billion through 2028 and its projected earnings per share compound annual growth rate of 5-7% over that period. Evercore ISI believes the stability and predictability of the company’s earnings growth profile support a relative multiple to the industry at or above its historical average. Currently trading at a P/E ratio of 17.26x and maintaining a GOOD financial health score, the stock appears overvalued according to InvestingPro’s Fair Value model [1].
Evercore ISI also noted Consolidated Edison’s large load pipeline of 17GW, with an additional 16GW of load expected to be formalized at the end of the year. The firm stated that the company has demonstrated its ability to successfully bid projects and translate them into financial benefits. This constructive view on Consolidated Edison’s ability to execute on its pipeline potential and realize financial benefits is based on its favorable regulatory environment and rate-making mechanisms [1].
In other recent news, Consolidated Edison Corporation reported its second-quarter 2025 earnings, revealing adjusted operating earnings of $0.39 per share, which did not meet the forecasted $0.41 per share. This resulted in a 4.88% negative surprise for investors. Additionally, Consolidated Edison’s revenue came in slightly below expectations at $5.43 billion, compared to the anticipated $5.45 billion [1].
These recent developments provide investors with insights into Consolidated Edison’s current financial performance and strategic initiatives.
Consolidated Edison: Evercore ISI Group initiates coverage on In-Line, PT $106.
Evercore ISI Group has initiated coverage on Consolidated Edison (NYSE: ED) with an In-Line rating and a price target of $106. The research firm highlighted the utility company’s favorable regulatory environment and its strong dividend history as key factors supporting its positive outlook.According to Evercore ISI, Consolidated Edison’s regulatory environment is supportive, with approximately 92% of its rate-base expansion being recoverable through forward-looking rate mechanisms. This stability is reflected in the stock’s low volatility and its history of maintaining dividend payments for 55 consecutive years, currently yielding 3.53% [1].
The firm expressed confidence in Consolidated Edison’s capital plan of approximately $38 billion through 2028 and its projected earnings per share compound annual growth rate of 5-7% over that period. Evercore ISI believes the stability and predictability of the company’s earnings growth profile support a relative multiple to the industry at or above its historical average. Currently trading at a P/E ratio of 17.26x and maintaining a GOOD financial health score, the stock appears overvalued according to InvestingPro’s Fair Value model [1].
Evercore ISI also noted Consolidated Edison’s large load pipeline of 17GW, with an additional 16GW of load expected to be formalized at the end of the year. The firm stated that the company has demonstrated its ability to successfully bid projects and translate them into financial benefits. This constructive view on Consolidated Edison’s ability to execute on its pipeline potential and realize financial benefits is based on its favorable regulatory environment and rate-making mechanisms [1].
In other recent news, Consolidated Edison Corporation reported its second-quarter 2025 earnings, revealing adjusted operating earnings of $0.39 per share, which did not meet the forecasted $0.41 per share. This resulted in a 4.88% negative surprise for investors. Additionally, Consolidated Edison’s revenue came in slightly below expectations at $5.43 billion, compared to the anticipated $5.45 billion [1].
These recent developments provide investors with insights into Consolidated Edison’s current financial performance and strategic initiatives.
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