Stock of the Day

Consolidated Edison (ED)

$101.63

-$0.64 (-0.6%)

Market Cap: $36.62B

About Consolidated Edison

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1

million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,530 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.2 million customers in southeastern New York. In addition, it operates 545 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 90,051 in-service line transformers; 3,788 pole miles of overhead distribution lines; and 2,314 miles of underground distribution lines, as well as 4,363 miles of mains and 380,870 service lines for natural gas distribution. Further, the company invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.

Consolidated Edison Bull Case

Here are some ways that investors could benefit from investing in Consolidated Edison, Inc.:

• The current stock price is around $104, which reflects a stable investment opportunity in the utilities sector.
• Consolidated Edison, Inc. reported a revenue of $4.80 billion for the latest quarter, exceeding analyst expectations, indicating strong operational performance.
• The company has a solid market capitalization of approximately $37.56 billion, suggesting a well-established presence in the market.
• With a return on equity of 8.62%, Consolidated Edison, Inc. demonstrates effective management in generating profits from shareholders' equity.
• The stock has shown resilience with a low beta of 0.29, indicating lower volatility compared to the overall market, which can be appealing for risk-averse investors.

Consolidated Edison Bear Case

Investors should be bearish about investing in Consolidated Edison, Inc. for these reasons:

• The company recently missed earnings estimates by $0.05, which may raise concerns about its ability to meet future financial expectations.
• Consolidated Edison, Inc. has a debt-to-equity ratio of 1.07, indicating a reliance on debt financing that could pose risks in a rising interest rate environment.
• Despite a strong revenue report, the company's price-to-earnings ratio of around 19.90 suggests that the stock may be overvalued compared to its earnings.
• The stock has fluctuated between a fifty-two week low of $87.28 and a high of $114.87, indicating potential volatility that could deter some investors.
• 66.29% of the stock is owned by institutional investors, which may limit the influence of individual investors on company decisions.

Recent News

• Consolidated Edison (ED) Receives a Hold from Mizuho Securities (theglobeandmail.com)
• Consolidated Edison's (NYSE:ED) investors will be pleased with their respectable 66% return over the last five years (finance.yahoo.com)
• Bronx repossession leads to seizure of 350 lbs. of cannabis, magic mushrooms (msn.com)
• NY Proposes 9.3% Con Edison Return as Higher Power Bills Loom (bloomberg.com)