10 Most Undervalued Utility Stocks to Invest in Now

7) Consolidated Edison, Inc. (NYSE:ED)

Forward P/E as on March 4: ~18.2x

Number of Hedge Fund Holders: 44

Consolidated Edison, Inc. (NYSE:ED) is engaged in the regulated electric, gas, and steam delivery businesses. The company remains optimistic about growth and remains well-placed to continue to meet demand to power the electrification of buildings and transportation across its service territory with higher capital investments in grid infrastructure. This was supported by the big wins, including breaking ground and progressing construction of critical substations and advancing a pair of new transmission lines under its Reliable Clean City program. Consolidated Edison, Inc. (NYSE:ED) expects demand for electrification to grow steadily in 2025, courtesy of an increase in new construction downstate, together with requirements for clean heat in new commercial and residential buildings.

For the year of 2025, the company projects its adjusted EPS to be between $5.50 – $5.70 per share. Consolidated Edison, Inc. (NYSE:ED) plans to address its capital requirements for 2025 through 2029 with the help of internally-generated funds and the issuance of long-term debt and common equity. Given the company’s strong presence, it remains well-placed to benefit due to the mandates for renewable power, infrastructure upgrades to help higher urban energy needs, and electrification trends. In 2025 and 2026, Consolidated Edison, Inc. (NYSE:ED) anticipates to make capital investments of $5,122 million and $8,067 million, respectively.