Consolidated Edison, Inc. (ED), with a market cap of $34.94 billion, is a prominent player in the utility sector. Headquartered in New York, Consolidated Edison is committed to providing safe and reliable energy services to millions of customers across its service territories. As one of the largest investor-owned energy companies in the U.S., Consolidated Edison delivers electric, gas, and steam services, focusing on sustainability and innovation to meet the evolving energy needs of its customers.
Consolidated Edison has significantly underperformed the broader market over the last year. The stock has gained 11.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 19.6%. Also, in 2024, the stock is up 11.1% compared to SPX's 12% gains on a YTD basis.
