With a market cap of $39.1 billion, Consolidated Edison, Inc. (ED) is one of the largest regulated utility companies in the United States. Headquartered in New York City, the company provides electricity, natural gas, and steam services to millions of customers through its primary subsidiary, Con Edison of New York.
Shares of this leading utility have underperformed the broader market over the past year. ED has gained 3.3% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 26.6%. In 2026, ED’s stock rose 7.6%, compared to the SPX’s 8.1% rise on a YTD basis.
