Consolidated Edison, Inc. (ED), headquartered in New York, engages in the regulated electric, gas, and steam delivery businesses. With a market cap of $33.4 billion, the company is committed to providing safe and reliable energy services to millions of customers across its service territories.
Shares of this leading utility have underperformed the broader market considerably over the past year. ED has gained 6.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 30.4%. In 2024, ED’s stock rose 6%, compared to the SPX’s 23.1% rise on a YTD basis.
