Con Edison subsidiary to divest 6.6% interest in Mountain Valley Pipeline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2025
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Should l Buy ED?
Transaction Overview: Consolidated Edison (ED) subsidiary has agreed to sell its 6.6% interest in Mountain Valley Pipeline, LLC to an Ares Management fund for $357.5 million, with adjustments for taxes and other items.
Closing Timeline: The transaction is expected to close in the first half of 2026, pending customary closing conditions and potential preferential rights of MVP's founding members.
Use of Proceeds: Con Edison plans to use the proceeds from the sale to help meet its common equity needs for 2026 and for other general corporate purposes.
Financial Adjustments: The final purchase price will be subject to reductions for accrued taxes and performance assurances, as well as increases for capital contributions made before the transaction closes.
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Analyst Views on ED
Wall Street analysts forecast ED stock price to fall
10 Analyst Rating
1 Buy
4 Hold
5 Sell
Moderate Sell
Current: 111.720
Low
86.00
Averages
102.00
High
118.00
Current: 111.720
Low
86.00
Averages
102.00
High
118.00
About ED
Consolidated Edison, Inc. is an energy-delivery company. The Company, through its subsidiaries, Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and Con Edison Transmission, Inc., provides a range of energy-related products and services to its customers. CECONY is a regulated utility providing electric service in New York City and New York’s Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan. O&R and its utility subsidiary, Rockland Electric Company, provide electric service to customers in southeastern New York and northern New Jersey, a 1,300 square mile service area. O&R delivers gas to customers in southeastern New York. Con Edison Transmission, Inc. falls primarily under the oversight of the Federal Energy Regulatory Commission and manages, through joint ventures, both electric and gas assets while seeking to develop electric transmission projects.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Dividend Increase: Consolidated Edison has declared a quarterly dividend of $0.8875 per share, representing a 4.4% increase from the previous $0.8500, reflecting the company's ongoing commitment to stable cash flow and shareholder returns.
- Yield Analysis: This dividend adjustment results in a forward yield of 3.37%, providing investors with a relatively attractive return rate, thereby enhancing market interest in the stock.
- Shareholder Arrangement: The dividend will be payable on March 16, with a record date of February 18 and an ex-dividend date also on February 18, ensuring shareholders receive timely returns and further solidifying investor confidence.
- Market Environment Challenges: Despite facing pressure from New York regulators who slashed its rate request by over 85%, Consolidated Edison demonstrates resilience and adaptability in a complex market environment through its dividend growth.
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- Dividend Increase: Consolidated Edison announced a quarterly dividend of 88.75 cents per share, reflecting a 15-cent increase over the previous annualized dividend of $3.40, demonstrating the company's ongoing commitment to investor returns during the clean energy transition.
- Consecutive Increase Record: This dividend marks the 52nd consecutive annual increase, solidifying its position as the utility with the longest streak of dividend increases in the S&P 500, indicating strong financial performance and market confidence.
- Dividend Payout Ratio Target: The company continues to target a dividend payout ratio between 55% and 65% of adjusted earnings, ensuring financial flexibility while providing stable returns to shareholders amid future market challenges.
- Forward-Looking Statement: The company’s forward-looking statement indicates that actual results may differ materially due to various factors, emphasizing its commitment to transparency and compliance, ensuring investors are aware of potential risks.
See More
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- Dividend Increase: Con Edison declared a quarterly dividend of 88.75 cents per share, reflecting a 15-cent increase over the previous annualized dividend of $3.40, demonstrating the company's ongoing commitment to investor returns during the clean energy transition.
- Consecutive Growth Record: This marks the 52nd consecutive annual dividend increase, solidifying Con Edison's record for the longest streak of consecutive dividend increases among utilities in the S&P 500, thereby boosting investor confidence.
- Dividend Payout Ratio Target: The company maintains a target dividend payout ratio of 55% to 65% of adjusted earnings, ensuring a balance between providing reliable service and maintaining a healthy financial position.
- Forward-Looking Statement: The press release includes a forward-looking statement indicating that actual results may differ materially from expectations due to various factors, underscoring the company's commitment to transparency and compliance.
See More
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See More
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- Regulatory Adjustment: The New York PSC has cut Con Ed's electric delivery revenue request by over $1.37 billion, an 87% reduction, yet still allows for a 9.4% return on equity, reflecting support for the company's profitability.
- Customer-Centric Plan: This three-year rate plan aims to balance customer needs with company earnings, including provisions that further state and commission objectives while maintaining financial health for the company.
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