Business Strategy and Outlook
| Travis Miller |Consolidated Edison's core rate-regulated electric and natural gas distribution utilities in New York and New Jersey have produced stable earnings and dividend growth despite regulatory challenges.
NYSE: ED
Last close prices updated as of
Feb 07, 2023, 12:21 PM EST
| USD | BATS BZX Real-Time Price
- Last Close 93.55
- Sector Utilities
- Industry Utilities - Regulated Electric
- Investment Style Mid Blend
- Day Range 92.67 – 93.39
- Year Range 78.10 – 102.21
- Market Cap 32.9756 Bil
- Volume / Avg 427,848.0 / 1.7 Mil
- Price / Sales 2.21
- Price / Book 1.60
- Forward Div Yield 3.46%
- Trailing Div Yield 4.27%
Morningstar‘s Stock Analysis ED
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Company Profile ED
Business Description
Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities will generate nearly all of Con Ed's earnings once it closes the sale of its clean energy business to RWE. Con Ed's only remaining non-utility earnings are from investments in gas and electric transmission.
Related Articles ED
FAQs for Consolidated Edison Inc Stock
Yes. ED has a forward dividend yield of 3.46%.
See
ED’s full dividends and stock split history
on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends.
The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.
Learn more about dividend yield.
ED’s market cap is 32.98 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares.
It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the
largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.
Learn more about market capitalization.
ED’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns.
Style is calculated by combining value and growth scores, which are first individually calculated.
High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.
Learn more about style.
ED’s price/sales is 2.21.
Price/sales represents the amount an investor is willing to pay for a dollar generated from
a particular company’s sales or revenues.
ED’s price/forward earnings is 19.30.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates.
The lower the Forward P/E, the cheaper the stock.
ED’s price/book is 1.60.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets,
based on historical, rather than current, valuations. Historical valuations generally do not reflect
a company’s current market value. Value investors frequently look for companies that have low price/book ratios.
See ED’s valuation ratios compared to the Market Index.
ED’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.
Compare ED’s historical performance against its industry peers and the overall market.