-0.28%
4.90%
-7.95%
-4.02%
2.97%
8.27%
-0.43%
AI Spotlight on ED
Company Description
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 3.5 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 1,555 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 0.1 million customers in southeastern New York.
In addition, it operates 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 87,564 in-service line transformers; 3,924 pole miles of overhead distribution lines; and 2,291 miles of underground distribution lines, as well as 4,350 miles of mains and 377,971 service lines for natural gas distribution.Further, the company 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.It primarily sells electricity to industrial, commercial, residential, and government customers.
The company was founded in 1823 and is based in New York, New York.
Market Data
| Last Price | 93.6 |
| Change Percentage | -0.28% |
| Open | 93.55 |
| Previous Close | 93.86 |
| Market Cap ( Millions) | 32428 |
| Volume | 66063 |
| Year High | 107.75 |
| Year Low | 85.85 |
| M A 50 | 93.07 |
| M A 200 | 96.48 |
Financial Ratios
| FCF Yield | -4.65% |
| Dividend Yield | 3.54% |
| ROE | 8.55% |
| Debt / Equity | 120.07% |
| Net Debt / EBIDTA | 445.65% |
| Price To Book | 1.48 |
| Price Earnings Ratio | 17.61 |
| Price To FCF | -21.52 |
| Price To sales | 2.16 |
| EV / EBITDA | 9.98 |
News
- Jan -24 - What Can The Dividend Kings Deliver In 2025?
- Jan -16 - Con Edison to Report 2024 Earnings on February 20
- Jan -16 - CON EDISON DECLARES COMMON STOCK DIVIDEND
- Jan -15 - Buy 3 'Safer' Dividend Kings Of 25 From 53 For January
- Jan -15 - 3 Dividend Kings to Buy and Hold Forever
- Jan -07 - Con Edison Executives to Attend Financial Conferences in January 2025
- Dec -16 - Runwise Recognized by Con Edison as Top Multifamily Contractor of The Year
- Dec -13 - Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends
- Dec -03 - Con Edison Announces Common Share Offering with a Forward Component
- Nov -13 - Consolidated Edison: Potential High-Single-Digit Returns With Low Risk
- Nov -13 - These Unstoppable Dividend Stocks Treat Their Investors Like Royalty
- Nov -08 - Consolidated Edison's Q3 Earnings Beat Estimates, Revenues Rise Y/Y
- Nov -08 - Here's What Key Metrics Tell Us About Con Ed (ED) Q3 Earnings
- Nov -07 - CON EDISON REPORTS 2024 THIRD QUARTER EARNINGS
- Oct -24 - AVA vs. ED: Which Stock Is the Better Value Option?
- Oct -23 - Con Edison to Report 3rd Quarter 2024 Earnings on November 7
- Oct -22 - Brooklyn to Receive a Charge From Electric School Bus Batteries with New Vehicle-to-Everything Smart Energy Hub Built by First Student and Con Edison
- Oct -17 - CON EDISON DECLARES COMMON STOCK DIVIDEND
- Oct -11 - Buy 7 October Dividend Kings, Watch 10 More
- Oct -11 - Consolidated Edison: New York City Isn't Going Anywhere
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Consolidated Edison Company of New York, Inc.
Expected Growth : 3.5 %
What the company do ?
Consolidated Edison Company of New York, Inc. is a subsidiary of Consolidated Edison, Inc., operating as the primary utility company for New York City and surrounding areas.
Why we expect these perspectives ?
Consolidated Edison Company of New York, Inc.'s 3.5% growth is driven by increasing electricity demand from a growing NYC population, infrastructure investments, and rate hikes. Additionally, the company's focus on renewable energy and energy efficiency programs contributes to its growth. Strong cash flows and a solid balance sheet also support its growth initiatives.
Segment n°2 -> Orange and Rockland Utilities, Inc.
Expected Growth : 3.8 %
What the company do ?
Orange and Rockland Utilities, Inc. is a subsidiary of Consolidated Edison, Inc., providing electric and gas services to customers in southeastern New York and northern New Jersey.
Why we expect these perspectives ?
Orange and Rockland Utilities, Inc.'s 3.8% growth is driven by increasing electricity demand from commercial and industrial customers, infrastructure investments, and rate base growth. Additionally, strategic acquisitions and cost savings initiatives contribute to the growth. Furthermore, the company's focus on renewable energy and energy efficiency programs also supports its growth momentum.
Segment n°3 -> Clean Energy
Expected Growth : 5.0 %
What the company do ?
Clean Energy from Consolidated Edison, Inc. offers renewable energy solutions, including solar, wind, and hydroelectric power, to reduce carbon footprint and promote sustainability.
Why we expect these perspectives ?
Consolidated Edison's Clean Energy segment growth is driven by increasing demand for renewable energy, favorable government policies and incentives, declining solar panel costs, and strategic acquisitions. Additionally, the company's focus on energy storage and grid resiliency solutions, as well as its expansion into new markets, contribute to its 5.0% growth rate.
Segment n°4 -> Con Edison Transmission
Expected Growth : 4.2 %
What the company do ?
Con Edison Transmission is a subsidiary of Consolidated Edison, Inc. that operates and manages the high-voltage electrical transmission system in the New York City area.
Why we expect these perspectives ?
Con Edison Transmission's 4.2% growth is driven by increasing demand for renewable energy, strategic investments in grid modernization, and expansion of transmission infrastructure to support New York's clean energy goals. Additionally, the segment benefits from a strong regulatory framework, providing a stable and predictable revenue stream.
Segment n°5 -> Other
Expected Growth : 3.2 %
What the company do ?
Other from Consolidated Edison, Inc. refers to revenue generated from sales of electricity and gas to customers outside of the utility's traditional service area.
Why we expect these perspectives ?
Consolidated Edison's 3.2% growth is driven by increasing demand for clean energy, infrastructure investments, and rate base growth. Additionally, the company's focus on renewable energy sources, energy efficiency programs, and strategic acquisitions contribute to its growth. Furthermore, Con Edison's strong financial position and ability to manage costs effectively also support its growth momentum.
Consolidated Edison, Inc. Products
| Product Range | What is it ? |
|---|---|
| Electricity | Consolidated Edison, Inc. generates, purchases, and sells electricity to residential, commercial, and industrial customers in New York City and Westchester County. |
| Natural Gas | The company distributes natural gas to customers in New York City and Westchester County, providing a clean and efficient source of energy for heating, cooking, and powering appliances. |
| Steam | Consolidated Edison, Inc. provides steam service to commercial and industrial customers in Manhattan, offering a reliable and efficient source of energy for heating, cooling, and powering industrial processes. |
| Renewable Energy | The company develops, owns, and operates renewable energy projects, including solar, wind, and hydroelectric power facilities, to provide clean and sustainable energy solutions. |
| Energy Efficiency | Consolidated Edison, Inc. offers energy efficiency programs and services to help customers reduce their energy consumption, lower their energy bills, and minimize their environmental impact. |
Consolidated Edison, Inc.'s Porter Forces
Threat Of Substitutes
Consolidated Edison, Inc. operates in a highly regulated industry, which limits the threat of substitutes. However, the increasing adoption of renewable energy sources and energy-efficient technologies poses a moderate threat to the company's traditional business model.
Bargaining Power Of Customers
Consolidated Edison, Inc. serves a large customer base, which reduces the bargaining power of individual customers. Additionally, the company's regulated business model limits the ability of customers to negotiate prices.
Bargaining Power Of Suppliers
Consolidated Edison, Inc. relies on a diverse range of suppliers for fuel, equipment, and services. While the company has some bargaining power due to its large scale, suppliers may still exert some pressure on prices and terms.
Threat Of New Entrants
The utility industry is highly regulated, and new entrants face significant barriers to entry, including high capital costs and regulatory hurdles. This limits the threat of new entrants to Consolidated Edison, Inc.'s business.
Intensity Of Rivalry
Consolidated Edison, Inc. operates in a competitive industry, with several other utility companies serving the same region. While the company has a strong market position, it still faces competition from other utilities and alternative energy providers.
Strength
Capital Structure
| Value | |
|---|---|
| Debt Weight | 54.17% |
| Debt Cost | 4.88% |
| Equity Weight | 45.83% |
| Equity Cost | 5.63% |
| WACC | 5.22% |
| Leverage | 118.21% |
Consolidated Edison, Inc. : Quality Control
Consolidated Edison, Inc. passed 0 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| PEG | Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid-Atlantic United States. It operates through two segments, PSE&G and PSEG Power. … |
| DUK | Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and … |
| EIX | Edison International, through its subsidiaries, generates and distributes electric power. It delivers electricity to 15 million residential, commercial, industrial, public authorities, agricultural, and other customers across Southern, Central, and Coastal … |
| AEP | American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United … |
| SO | The Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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American Electric Power
A-Score
1-Year Total Return ->
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ConEd
A-Score
1-Year Total Return ->
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Duke Energy
A-Score
1-Year Total Return ->
4
PSEG
A-Score
1-Year Total Return ->
5
Edison
A-Score
1-Year Total Return ->
6
