Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States.
Established dividend payer with questionable track record.
Share Price & News
How has Consolidated Edison's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ED has not had significant price volatility in the past 3 months.
7 Day Return
US Integrated Utilities
1 Year Return
US Integrated Utilities
Return vs Industry: ED exceeded the US Integrated Utilities industry which returned -10% over the past year.
Return vs Market: ED matched the US Market which returned -9.1% over the past year.
Price Volatility Vs. Market
How volatile is Consolidated Edison's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall StBased On Its ROE, Is Consolidated Edison, Inc. (NYSE:ED) A High Quality Stock?
1 month ago | Simply Wall StRead This Before Buying Consolidated Edison, Inc. (NYSE:ED) For Its Dividend
1 month ago | Simply Wall StShould Consolidated Edison (NYSE:ED) Be Disappointed With Their 45% Profit?
Is Consolidated Edison undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ED ($77.9) is trading above our estimate of fair value ($72.68)
Significantly Below Fair Value: ED is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ED is poor value based on its PE Ratio (19.1x) compared to the Integrated Utilities industry average (18.6x).
PE vs Market: ED is poor value based on its PE Ratio (19.1x) compared to the US market (13.4x).
Price to Earnings Growth Ratio
PEG Ratio: ED is poor value based on its PEG Ratio (3.4x)
Price to Book Ratio
PB vs Industry: ED is good value based on its PB Ratio (1.4x) compared to the US Integrated Utilities industry average (1.7x).
How is Consolidated Edison forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ED's forecast earnings growth (5.6% per year) is above the savings rate (1.7%).
Earnings vs Market: ED's earnings (5.6% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: ED's earnings are forecast to grow, but not significantly.
Revenue vs Market: ED's revenue (3.3% per year) is forecast to grow slower than the US market (7.3% per year).
High Growth Revenue: ED's revenue (3.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ED's Return on Equity is forecast to be low in 3 years time (8.1%).
How has Consolidated Edison performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ED has high quality earnings.
Growing Profit Margin: ED's current net profit margins (10.7%) are lower than last year (11.2%).
Past Earnings Growth Analysis
Earnings Trend: ED's earnings have grown by 6.2% per year over the past 5 years.
Accelerating Growth: ED's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ED had negative earnings growth (-2.8%) over the past year, making it difficult to compare to the Integrated Utilities industry average (5.7%).
Return on Equity
High ROE: ED's Return on Equity (7.9%) is considered low.
How is Consolidated Edison's financial position?
Financial Position Analysis
Short Term Liabilities: ED's short term assets ($4.3B) do not cover its short term liabilities ($6.3B).
Long Term Liabilities: ED's short term assets ($4.3B) do not cover its long term liabilities ($33.6B).
Debt to Equity History and Analysis
Debt Level: ED's debt to equity ratio (119.2%) is considered high.
Reducing Debt: ED's debt to equity ratio has increased from 102.1% to 119.2% over the past 5 years.
Debt Coverage: ED's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: ED's interest payments on its debt are not well covered by EBIT (2.9x coverage).
Inventory Level: ED has a high level of physical assets or inventory.
Debt Coverage by Assets: ED's debt is not covered by short term assets (assets are 0.2x debt).
What is Consolidated Edison's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ED's dividend (3.93%) is higher than the bottom 25% of dividend payers in the US market (1.93%).
High Dividend: ED's dividend (3.93%) is low compared to the top 25% of dividend payers in the US market (5.33%).
Stability and Growth of Payments
Stable Dividend: ED's dividends per share have been stable in the past 10 years.
Growing Dividend: ED's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (72.4%), ED's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ED's dividends in 3 years are forecast to be covered by earnings (68% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
John McAvoy (58yo)
Mr. John J. McAvoy has been the Chief Executive Officer and President at Consolidated Edison Inc., since December 26, 2013. Mr. McAvoy has been a Director of Electric Power Research Institute, Inc. since A ...
CEO Compensation Analysis
Compensation vs Market: John's total compensation ($USD9.77M) is about average for companies of similar size in the US market ($USD11.82M).
Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.
|Senior VP & CFO||14.5yrs||US$2.46m||0.012% $3.1m|
|President of CECONY||2.17yrs||US$2.69m||0.0046% $1.2m|
|President & Chief Executive Officer of Orange and Rockland Utilities||2.25yrs||US$1.97m||0.00092% $239.2k|
|Chief Accounting Officer||10.67yrs||no data||0.0022% $569.4k|
|Director of Investor Relations||21.58yrs||no data||no data|
|Senior VP & General Counsel||0.17yr||no data||0.000090% $23.4k|
|COO & SVP of Clean Energy Corps||3yrs||no data||no data|
|CEO & President of Con Edison Transmission||4.17yrs||no data||0.0074% $1.9m|
|VP & Treasurer||3.5yrs||no data||0.00055% $143.0k|
Experienced Management: ED's management team is considered experienced (3.5 years average tenure).
|Independent Director||13.92yrs||US$285.00k||0.0012% $312.0k|
|Independent Director||20.08yrs||US$287.25k||0.0011% $280.8k|
|Independent Director||5.17yrs||US$267.25k||0.00072% $187.2k|
|Independent Director||12.5yrs||US$290.69k||no data|
|Independent Director||6yrs||US$281.69k||0.00015% $39.0k|
|Independent Director||2.33yrs||US$267.25k||no data|
|Independent Lead Director||no data||US$329.75k||no data|
|Independent Director||2.33yrs||US$275.75k||no data|
Experienced Board: ED's board of directors are considered experienced (6.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ED insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.4%.
Consolidated Edison, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Consolidated Edison, Inc.
- Ticker: ED
- Exchange: NYSE
- Founded: 1884
- Industry: Multi-Utilities
- Sector: Utilities
- Market Cap: US$26.001b
- Shares outstanding: 333.78m
- Website: https://www.conedison.com
Number of Employees
- Consolidated Edison, Inc.
- 4 Irving Place
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ED||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Jan 1968|
|EDC||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Jan 1968|
|0I35||LSE (London Stock Exchange)||Yes||Common Shares||GB||USD||Jan 1968|
|EDC||BRSE (Berne Stock Exchange)||Yes||Common Shares||CH||CHF||Jan 1968|
|EDC||ETLX (Eurotlx)||Yes||Common Shares||IT||EUR||Jan 1968|
Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 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 1,589 customers in parts of Manhattan. It also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. The company operates 543 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 89,395 in-service line transformers; 3,745 pole miles of overhead distribution lines; and 2,200 miles of underground distribution lines, as well as 4,318 miles of mains and 376,306 service lines for natural gas distribution. In addition, it owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. The company primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1884 and is based in New York, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/29 02:00|
|End of Day Share Price||2020/03/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.