Consolidated Edison Inc
ED: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$95.00 | Vdsgk | Zwxzlff |
Con Ed Reports Solid 2022 Earnings; New York Rate Settlement Supports Growth Plan
We plan to raise our $86 per share fair value estimate for Con Ed by about 5% after the company reported earning $4.57 per share on an adjusted basis in 2022, up from $4.39 in 2021 and above our estimate, as well as a constructive settlement in its 2023-25 gas and electric rate case. We are reaffirming our no-moat and stable moat trend ratings.