Morningstar - Consolidated Edison Inc. (ED) We Expect Sempra Solar Acquisition to Be Slightly Accretive to Our FVE by 2021

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Morningstar

Charles Fishman

EUR 100.00 For Business Accounts Only

We Expect Sempra Solar Acquisition to Be Slightly Accretive to Our FVE by 2021

We are reaffirming our $75 per share fair value estimate and no-moat rating for Consolidated Edison after the company reported solid second-quarter 2018Â adjusted earnings of $0.61 per share versus $0.58 per share in the year-ago period. Con Ed reported adjusted EPS growth in the recently ended quarter of $0.02 at its utilities, $0.01 in its clean energy business segment, and $0.01 at Con Edison Transmission versus second-quarter 2017. These favorable variances were partially offset by $0.01 per ...

05/11/2018 12 EN

Underlying

Consolidated Edison Inc.

Consolidated Edison is a holding company. Through its subsidiaries, the company is engaged in provision of energy services. The company's subsidiaries include: Consolidated Edison Company of New York, Inc.'s principal business operations are its regulated electric, gas and steam delivery businesses; Orange & Rockland Utilities, Inc.'s principal business operations are its regulated electric and gas delivery businesses; Con Edison Clean Energy Businesses, Inc. develops, owns and operates renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc. invests in electric and gas transmission projects.

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US2091151041 New York Stock Exchange United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Charles Fishman

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We Expect Sempra Solar Acquisition to Be Slightly Accretive to Our FVE by 2021

Vermilion Compass: Weekly Equity Strategy

Vital Signs: Actionable charts

Consolidated Edison, Inc.: Update to credit analysis

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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