CONSOLIDATED EDISON INC
ED · Electric & Other Services Combined · 368.5M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $947M (gross $1.0B, SBC $53M)
Reference price $106.87 · est. market cap ~$39.4B — last insider purchase, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C67Stable regulated electric/gas utility with low returns despite scale.
Strengths
- Strong liquidity (current/quick 90th pct) and large cash balance (100th pct); steady ~10% revenue and earnings growth
- Defensive regulated cash flows (ocf margin 71st pct)
Risks
- Low ROE 8.4% (31st pct) and ROA 2.7%; operating margin only 29th pct
- Thin interest coverage (2.4x) and significant capital/rate-case dependence
Notable findings
- Insider sellingInsider selling — 2 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$1M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
17.2%
Net margin
11.9%
Return on equity
8.4%
Return on assets
2.7%
ROIC
4.7%
Revenue growth (QoQ)
32.0%
Net-income growth
11.2%
Debt / equity
1.1×
Net debt / EBITDA
4.3×
Interest coverage
2.4×
Current ratio
1.0×
EBITDA
$5.3B
Tangible book value
$23.8B
Cash & investments
$2.8B
Stock comp / revenue
0.3%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | Miller Joseph | Buy | 1 | $106.87 |
| 2026-05-19 | SUTHERLAND L FREDERICK | Grant | 1.6K | $106.51 |
| 2026-05-19 | Cavanagh Brendan Thomas | Grant | 1.6K | $106.51 |
| 2026-05-19 | Zoi Catherine | Grant | 1.6K | $106.51 |
| 2026-05-19 | Stanley Deirdre | Grant | 1.6K | $106.51 |
| 2026-05-19 | SANFORD LINDA S | Grant | 1.6K | $106.51 |
| 2026-05-19 | RANGER MICHAEL W | Grant | 1.6K | $106.51 |
| 2026-05-19 | MULROW WILLIAM J | Grant | 1.6K | $106.51 |
| 2026-05-19 | McBride Dwight A | Grant | 1.6K | $106.51 |
| 2026-05-19 | Mason Karol V | Grant | 1.6K | $106.51 |
| 2026-05-19 | KILLIAN JOHN F | Grant | 1.6K | $106.51 |
| 2026-03-31 | RANGER MICHAEL W | Grant | 431 | $113.18 |
| 2026-03-16 | Miller Joseph | Buy | 1 | $115.55 |
| 2026-03-12 | Donnley Deneen L | Sell | 1.9K | $113.94 |
| 2026-02-27 | MULROW WILLIAM J | Sell | 7.9K | $112.81 |
| 2026-02-18 | Sanchez Robert | Option exercise | 5.4K | — |
| 2026-02-18 | Sanchez Robert | Disposition | 5.4K | $113.92 |
| 2026-02-18 | O'Connell Michele | Option exercise | 1.8K | — |
| 2026-02-18 | O'Connell Michele | Disposition | 1.8K | $113.92 |
| 2026-02-18 | Nachmias Stuart | Option exercise | 2.0K | — |
| 2026-02-18 | Nachmias Stuart | Disposition | 2.0K | $113.92 |
| 2026-02-18 | Miller Joseph | Option exercise | 841 | $113.92 |
| 2026-02-18 | Ketschke Matthew | Option exercise | 8.2K | — |
| 2026-02-18 | Ketschke Matthew | Disposition | 8.2K | $113.92 |
| 2026-02-18 | Hensley Jennifer | Option exercise | 2.8K | — |
| 2026-02-18 | Hensley Jennifer | Disposition | 2.1K | $113.92 |
| 2026-02-18 | Hensley Jennifer | Tax withheld | 264 | $113.92 |
| 2026-02-18 | Donnley Deneen L | Option exercise | 6.4K | — |
| 2026-02-18 | Donnley Deneen L | Disposition | 6.4K | $113.92 |
| 2026-02-18 | Cawley Timothy | Option exercise | 34K | — |
| 2026-02-18 | Cawley Timothy | Disposition | 34K | $113.92 |
| 2025-12-31 | Sanchez Robert | Option exercise | 3.6K | — |
| 2025-12-31 | Sanchez Robert | Tax withheld | 85 | $99.89 |
| 2025-12-31 | O'Connell Michele | Option exercise | 1.2K | — |
| 2025-12-31 | O'Connell Michele | Tax withheld | 433 | $99.89 |
| 2025-12-31 | Nachmias Stuart | Option exercise | 1.3K | — |
| 2025-12-31 | Nachmias Stuart | Tax withheld | 469 | $99.89 |
| 2025-12-31 | Miller Joseph | Option exercise | 600 | — |
| 2025-12-31 | Miller Joseph | Tax withheld | 15 | $99.89 |
| 2025-12-31 | Ketschke Matthew | Option exercise | 5.5K | — |
| 2025-12-31 | Ketschke Matthew | Tax withheld | 130 | $99.89 |
| 2025-12-31 | Hensley Jennifer | Option exercise | 1.9K | — |
| 2025-12-31 | Hensley Jennifer | Tax withheld | 766 | $99.89 |
| 2025-12-31 | Donnley Deneen L | Option exercise | 4.3K | — |
| 2025-12-31 | Donnley Deneen L | Tax withheld | 2.4K | $99.89 |
| 2025-12-31 | Cawley Timothy | Option exercise | 22K | — |
| 2025-12-31 | Cawley Timothy | Tax withheld | 11K | $99.89 |
| 2025-12-31 | RANGER MICHAEL W | Grant | 491 | $99.32 |
| 2025-12-15 | Miller Joseph | Buy | 1 | $97.68 |
| 2025-12-11 | KILLIAN JOHN F | Sell | 2.3K | $96.89 |
| 2025-10-01 | Cavanagh Brendan Thomas | Grant | 1.0K | $98.17 |
| 2025-09-30 | RANGER MICHAEL W | Grant | 485 | $100.52 |
| 2025-09-15 | Miller Joseph | Buy | 1 | $97.46 |
| 2025-07-08 | Andrews Kirkland B | Tax withheld | 8.8K | $99.31 |
| 2025-06-30 | RANGER MICHAEL W | Grant | 486 | $100.35 |
| 2025-06-16 | Miller Joseph | Buy | 1 | $103.96 |
| 2025-05-20 | Stanley Deirdre | Grant | 1.6K | $105.38 |
| 2025-05-20 | SANFORD LINDA S | Grant | 1.6K | $105.38 |
| 2025-05-20 | RANGER MICHAEL W | Grant | 1.6K | $105.38 |
| 2025-05-20 | Zoi Catherine | Grant | 1.6K | $105.38 |
| 2025-05-20 | McBride Dwight A | Grant | 1.6K | $105.38 |
| 2025-05-20 | Mason Karol V | Grant | 1.6K | $105.38 |
| 2025-05-20 | KILLIAN JOHN F | Grant | 1.6K | $105.38 |
| 2025-05-20 | MULROW WILLIAM J | Grant | 1.6K | $105.38 |
| 2025-05-20 | SUTHERLAND L FREDERICK | Grant | 1.6K | $105.38 |
| 2025-03-31 | RANGER MICHAEL W | Grant | 441 | $110.59 |
| 2025-03-14 | Miller Joseph | Buy | 1 | $103.90 |
| 2025-02-19 | Ketschke Matthew | Option exercise | 17K | — |
| 2025-02-19 | Ketschke Matthew | Disposition | 10K | $95.76 |
| 2025-02-19 | Miller Joseph | Option exercise | 1.7K | — |
| 2025-02-19 | Nachmias Stuart | Option exercise | 3.9K | — |
| 2025-02-19 | Nachmias Stuart | Disposition | 3.1K | $95.76 |
| 2025-02-19 | Sanchez Robert | Option exercise | 11K | — |
| 2025-02-19 | Sanchez Robert | Disposition | 11K | $95.76 |
| 2025-02-19 | Cawley Timothy | Disposition | 60K | $95.76 |
| 2025-02-19 | Donnley Deneen L | Option exercise | 13K | — |
| 2025-02-19 | Donnley Deneen L | Disposition | 6.3K | $95.76 |
| 2025-02-19 | O'Connell Michele | Option exercise | 3.6K | — |
| 2025-02-19 | Cawley Timothy | Option exercise | 60K | — |
| 2025-02-19 | Ketschke Matthew | Option exercise | 17K | — |
| 2025-02-19 | Ketschke Matthew | Disposition | 10K | $95.76 |
| 2025-02-19 | Sanchez Robert | Option exercise | 11K | — |
| 2025-02-19 | Sanchez Robert | Disposition | 11K | $95.76 |
| 2025-02-19 | Cawley Timothy | Option exercise | 59K | — |
| 2025-02-19 | Cawley Timothy | Disposition | 59K | $95.76 |
| 2025-02-19 | O'Connell Michele | Option exercise | 3.6K | — |
| 2025-02-19 | Nachmias Stuart | Option exercise | 3.9K | — |
| 2025-02-19 | Nachmias Stuart | Disposition | 3.1K | $95.76 |
| 2025-02-19 | Miller Joseph | Option exercise | 1.7K | — |
| 2025-02-19 | Donnley Deneen L | Option exercise | 13K | — |
| 2025-02-19 | Donnley Deneen L | Disposition | 6.3K | $95.76 |
| 2024-12-31 | Sanchez Robert | Option exercise | 4.2K | — |
| 2024-12-31 | Sanchez Robert | Tax withheld | 99 | $89.16 |
| 2024-12-31 | O'Connell Michele | Option exercise | 1.4K | — |
| 2024-12-31 | O'Connell Michele | Tax withheld | 33 | $89.16 |
| 2024-12-31 | Nachmias Stuart | Option exercise | 1.5K | — |
| 2024-12-31 | Nachmias Stuart | Tax withheld | 541 | $89.16 |
| 2024-12-31 | Miller Joseph | Option exercise | 700 | — |
| 2024-12-31 | Miller Joseph | Tax withheld | 17 | $89.16 |
| 2024-12-31 | Ketschke Matthew | Option exercise | 6.6K | — |
| 2024-12-31 | Ketschke Matthew | Tax withheld | 156 | $89.16 |
| 2024-12-31 | Kelly Mary | Option exercise | 1.7K | — |
| 2024-12-31 | Kelly Mary | Tax withheld | 40 | $89.16 |
| 2024-12-31 | Donnley Deneen L | Option exercise | 5.0K | — |
| 2024-12-31 | Donnley Deneen L | Tax withheld | 118 | $89.16 |
| 2024-12-31 | Cawley Timothy | Option exercise | 23K | — |
| 2024-12-31 | Cawley Timothy | Tax withheld | 548 | $89.16 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-03 | OtherExhibits | filing ↗ |
| 2026-05-20 | Shareholder vote | filing ↗ |
| 2026-05-08 | Material agreementExhibits | filing ↗ |
| 2026-05-07 | ResultsExhibits | filing ↗ |
| 2026-03-11 | Material agreement1.02Debt obligationExhibits | filing ↗ |
| 2026-02-25 | Material agreementOtherExhibits | filing ↗ |
| 2026-02-19 | ResultsExhibits | filing ↗ |
| 2025-11-24 | Other | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-03 | 2026-06-01 | 0001193125-26-254760 ↗ |
| 8-K | 2026-05-20 | 2026-05-18 | 0001193125-26-232621 ↗ |
| 8-K | 2026-05-08 | 2026-05-08 | 0001193125-26-214767 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001047862-26-000091 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001047862-26-000092 ↗ |
| 8-K | 2026-03-11 | 2026-03-11 | 0001193125-26-102202 ↗ |
| 8-K | 2026-02-25 | 2026-02-23 | 0001193125-26-071602 ↗ |
| 10-K | 2026-02-19 | 2025-12-31 | 0001047862-26-000031 ↗ |
| 8-K | 2026-02-19 | 2026-02-19 | 0001047862-26-000028 ↗ |
| 8-K | 2025-11-24 | 2025-11-24 | 0001193125-25-293866 ↗ |
| 8-K | 2025-11-24 | 2025-11-24 | 0001193125-25-292287 ↗ |
| 8-K | 2025-11-19 | 2025-11-17 | 0001193125-25-287455 ↗ |