Head to Head Analysis: Consolidated Edison (ED) & Its Rivals
Consolidated Edison (NYSE: ED) is one of 85 publicly-traded companies in the “Electric Utilities” industry, but how does it contrast to its rivals? We will compare Consolidated Edison to similar businesses based on the strength of its profitability, risk, valuation, analyst recommendations, dividends, institutional ownership and earnings.
Volatility and Risk
Consolidated Edison has a beta of 0.09, meaning that its stock price is 91% less volatile than the S&P 500. Comparatively, Consolidated Edison’s rivals have a beta of 0.70, meaning that their average stock price is 30% less volatile than the S&P 500.
Institutional & Insider Ownership
55.1% of Consolidated Edison shares are owned by institutional investors. Comparatively, 65.5% of shares of all “Electric Utilities” companies are owned by institutional investors. 0.2% of Consolidated Edison shares are owned by company insiders. Comparatively, 2.7% of shares of all “Electric Utilities” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company is poised for long-term growth.
Valuation & Earnings
This table compares Consolidated Edison and its rivals top-line revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Consolidated Edison||$11.99 billion||$3.79 billion||20.18|
|Consolidated Edison Competitors||$7.19 billion||$2.12 billion||30.68|
Consolidated Edison has higher revenue and earnings than its rivals. Consolidated Edison is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
This is a breakdown of current ratings and recommmendations for Consolidated Edison and its rivals, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Consolidated Edison Competitors||510||2885||2324||41||2.33|
Consolidated Edison presently has a consensus price target of $77.31, indicating a potential downside of 7.48%. As a group, “Electric Utilities” companies have a potential upside of 6.32%. Given Consolidated Edison’s rivals stronger consensus rating and higher probable upside, analysts plainly believe Consolidated Edison has less favorable growth aspects than its rivals.
This table compares Consolidated Edison and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Consolidated Edison Competitors||-10.82%||3.51%||0.54%|
Consolidated Edison pays an annual dividend of $2.76 per share and has a dividend yield of 3.3%. Consolidated Edison pays out 66.7% of its earnings in the form of a dividend. As a group, “Electric Utilities” companies pay a dividend yield of 3.1% and pay out 103.7% of their earnings in the form of a dividend. Consolidated Edison has raised its dividend for 42 consecutive years. Consolidated Edison is clearly a better dividend stock than its rivals, given its higher yield and lower payout ratio.
Consolidated Edison rivals beat Consolidated Edison on 8 of the 15 factors compared.
Consolidated Edison Company Profile
Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses) and Con Edison Transmission, Inc. (Con Edison Transmission). CECONY’s principal business operations are its regulated electric, gas and steam delivery businesses. CECONY provides electricity, natural gas and steam to customers in New York City and Westchester County. O&R’s principal business operations are its regulated electric and gas delivery businesses. The Clean Energy Businesses develop, own and operate renewable and energy infrastructure projects and provide energy-related products and services to wholesale and retail customers. Con Edison Transmission, through its subsidiaries, invests in electric transmission facilities and gas pipeline and storage facilities.
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