Consolidated Edison, Inc (ED) is a leading utilities-regulated electric business based in the US. Consolidated Edison is listed on the NYSE and employs 14,890 staff. All prices are listed in US Dollars.
|52-week range||$60.1839 - $91.833|
|50-day moving average||$71.0382|
|200-day moving average||$75.167|
|Wall St. target price||$75.73|
|Dividend yield||$3.1 (4.5%)|
|Earnings per share (TTM)||$4.053|
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Valuing Consolidated Edison stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Consolidated Edison's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Consolidated Edison's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 17x. In other words, Consolidated Edison shares trade at around 17x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Consolidated Edison's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 4.5859. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Consolidated Edison's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Consolidated Edison's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $4.4 billion.
The EBITDA is a measure of a Consolidated Edison's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$12.2 billion|
|Operating margin TTM||20.66%|
|Gross profit TTM||$6.8 billion|
|Return on assets TTM||2.74%|
|Return on equity TTM||7.64%|
|Market capitalisation||$23.1 billion|
TTM: trailing 12 months
There are currently 8.7 million Consolidated Edison shares held short by investors – that's known as Consolidated Edison's "short interest". This figure is 2.3% down from 8.9 million last month.
There are a few different ways that this level of interest in shorting Consolidated Edison shares can be evaluated.
Consolidated Edison's "short interest ratio" (SIR) is the quantity of Consolidated Edison shares currently shorted divided by the average quantity of Consolidated Edison shares traded daily (recently around 3.0 million). Consolidated Edison's SIR currently stands at 2.95. In other words for every 100,000 Consolidated Edison shares traded daily on the market, roughly 2950 shares are currently held short.
However Consolidated Edison's short interest can also be evaluated against the total number of Consolidated Edison shares, or, against the total number of tradable Consolidated Edison shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Consolidated Edison's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 Consolidated Edison shares in existence, roughly 30 shares are currently held short) or 0.0261% of the tradable shares (for every 100,000 tradable Consolidated Edison shares, roughly 26 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Consolidated Edison.
Find out more about how you can short Consolidated Edison stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Consolidated Edison.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 30.49
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Consolidated Edison's overall score of 30.49 (as at 01/01/2019) is nothing to write home about – landing it in it in the 52nd percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Consolidated Edison is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 11.17/100
Consolidated Edison's environmental score of 11.17 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Consolidated Edison is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 20.03/100
Consolidated Edison's social score of 20.03 puts it squarely in the 8th percentile of companies rated in the same sector. This could suggest that Consolidated Edison is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 10.29/100
Consolidated Edison's governance score puts it squarely in the 8th percentile of companies rated in the same sector. That could suggest that Consolidated Edison is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 3/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. A high-profile company, Consolidated Edison scored a 3 out of 5 for controversy – a middle-of-the-table result reflecting that Consolidated Edison hasn't always managed to keep its nose clean.
|Total ESG score||30.49|
|Total ESG percentile||52.48|
|Environmental score percentile||8|
|Social score percentile||8|
|Governance score percentile||8|
|Level of controversy||3|
Dividend payout ratio: 71.4% of net profits
Recently Consolidated Edison has paid out, on average, around 71.4% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.5% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Consolidated Edison shareholders could enjoy a 4.5% return on their shares, in the form of dividend payments. In Consolidated Edison's case, that would currently equate to about $3.1 per share.
Consolidated Edison's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Consolidated Edison's most recent dividend payout was on 15 December 2020. The latest dividend was paid out to all shareholders who bought their shares by 17 November 2020 (the "ex-dividend date").
Consolidated Edison's shares were split on a 2:1 basis on 3 July 1989. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Consolidated Edison shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Consolidated Edison shares which in turn could have impacted Consolidated Edison's share price.
Over the last 12 months, Consolidated Edison's shares have ranged in value from as little as $60.1839 up to $91.833. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Consolidated Edison's is 0.1082. This would suggest that Consolidated Edison's shares are less volatile than average (for this exchange).
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.
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