Morningstar

Morningstar, Inc.

Equity Bottom-Up

We are reaffirming our fair value estimate of $82 per share after Consolidated Edison reported 2019 first-quarter earnings and reaffirmed guidance on earnings, capital expenditures, and rate base. Adjusted earnings per share for the recently ended quarter were $1.39 versus $1.38 in the same period last year
Con Ed reaffirmed its 2019 EPS guidance of $4.25-$4.45, in line with our $4.35 estimate. Targeted 2019-21 capital expenditures of $12.1 billion, approximately $4 billion per year, were also…

United States

Consolidated Edison, Inc., through its subsidiaries, provides a variety of energy related products and services. The Company supplies electric service in New York, parts of New Jersey, and Pennsylvania as well as supplies electricity to wholesale customers.

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