Consolidated Edison Inc

ED: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$35.00	Qxvf	Swcfhmgzs

Con Ed Earnings: Favorable Regulatory Outcomes Drive Earnings Growth

Travis Miller

Aug 4, 2023

We are reaffirming our $89 per share fair value estimate for Consolidated Edison after the company reported earning $0.61 per share on an adjusted basis during the second quarter, down from $0.64 during the second quarter of 2022 primarily due to the loss of earnings from the sale of its clean energy business in the first quarter. We are reaffirming our no-moat rating.

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