How to Buy Consolidated Edison Stock
Consolidated Edison Inc
Consolidated Edison is a regulated electric utility company located in New York, United States, which is part of the Utilities sector, and is traded under the ticker ED on the NYSE exchange.
Consolidated Edison stock last closed at $92.44, up 0.86% from the previous day, and has decreased 4.3% in one year. It has overperformed other stocks in the Utilities - Regulated Electric industry by 0.04 percentage points. Consolidated Edison stock is currently +14.89% from its 52-week low of $80.46, and -8.4% from its 52-week high of $100.92.
There are currently 345.22M ED shares outstanding. The market capitalization of ED is $31.91B. In the last 24 hours, 3.02M ED shares were traded.
How to Buy Consolidated Edison Stock
Wondering how to invest in Consolidated Edison stock? Here's how.
- Choose where to buy Consolidated Edison stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Consolidated Edison stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your brokerage account: Pick your payment method and add your information.
- Evaluate Consolidated Edison stock: The Consolidated Edison ticker symbol is ED. Is Consolidated Edison stock a good investment? Should you buy shares of ED? How do ED's underlying business fundamentals look? Do top analysts think Consolidated Edison is a good buy? Why has ED's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if ED is a good stock to buy).
- Make your ED purchase: Decide if you will purchase ED shares at the current market price or use a limit order to buy ED shares at a given price.
- Get notifications regarding your investment in ED: Create a watchlist to monitor your position in Consolidated Edison shares.
Step 1: Choose where to buy Consolidated Edison stock
You need a brokerage account to access the NYSE market and buy ED stock.
Our preferred brokerage: eToro
We believe that eToro is the best brokerage. eToro gives you:
- Invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
- Access to global financial markets: From Technology to Financial Services, New York to Shanghai — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro offers a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected your brokerage, you'll need to fill out some personal info so you can invest in ED stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start a new brokerage account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have filled out your info on the best stock app, your next step is to transfer the money for your investment:
Check out the walkthrough below for more details depositing funds into your investment account.
Step 4: Evaluate Consolidated Edison stock
After you have selected the best place to buy Consolidated Edison stock, it's very important to evaluate their stock before you buy, so you can comprehend the risk and opportunity.
Consolidated Edison stock quick numbers
Consolidated Edison Fundamentals
WallStreetZen was built to help everyday investors do better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on ED's stock page.
How is ED stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge ED's fair value.
Using relative valuations measures:
- ED could be undervalued based on its P/E ratio of 13.65x, relative to Utilities - Regulated Electric industry P/E ratio of 22.21x
- ED may be undervalued based on its P/B ratio of 1.51x, relative to Utilities - Regulated Electric industry P/B ratio of 1.64x
You can do additional valuation analysis on ED's stock here.
ED Financial Health Summary
Signs that ED is financially healthy:
- Total ED debt is lower than 5 years ago, relative to shareholder equity.
- ED profit margin has gone up from 11.3% to 15.6% in the past year.
Signs that ED is not financially healthy:
- ED has $540.00M in cash and short term investments. This is not sufficient to cover its annual cash burn of $1.92B.
- ED has a relatively high debt to equity ratio of 2.06.
- There are more short-term liabilities than short-term assets on the ED balance sheet.
- There are more long-term liabilities than short-term assets on the ED balance sheet.
- ED has cash burn of 1918000000. It does not have enough cash and short-term investments to cover this.
Do Wall Street analysts think it's a good time to buy Consolidated Edison stock
Out of 10 sell side analysts who monitor ED, the consensus analyst rating on ED is a Hold
It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Most Recent ED Analyst Recommendations
Shelby Tucker, a top 20% analyst from RBC Capital maintains ED with a hold rating and lowers their ED price target from $97.00 to $92.00, on Sep 6, 2023.
Anthony Crowdell, a top 24% analyst from Mizuho maintains ED with a hold rating and lowers their ED price target from $95.00 to $89.00, on Sep 5, 2023.
Julien Dumoulin-Smith, a top 6% analyst from Bank of America maintains ED with a strong buy rating and lowers their ED price target from $103.00 to $96.00, on Aug 16, 2023.
Ryan Levine, a bottom 11% analyst from Citigroup reiterates ED with a hold rating and maintains their ED price target from $103.00 to $103.00, on Jul 12, 2023.
Shahriar Pourreza, a bottom 13% analyst from Guggenheim maintains ED with a hold rating and lowers their ED price target from $90.00 to $85.00, on Jul 7, 2023.
You can dig deeper into what analysts are forecasting on the Consolidated Edison stock forecast page.
ED Trading Indicators
ED Revenue
Last year, ED earnings were $2.38B. During the past five year, ED's earnings have increased by 6.16% per year. This was faster than the Utilities - Regulated Electric industry average of -0.31%.
Last year, ED revenue was $15.25B. Over the last 5 year, ED's revenue has grown by 4.31% per year. This was slower than the Utilities - Regulated Electric industry average of 4.36%.
Find out more about ED's earnings and revenue performance here.
Latest Insiders Trades at ED
Over the last 12 months, insiders at ED have sold more shares than they have bought.
Timothy Cawley, Chairman President CEO of ED, was the latest ED insider to buy. They bought $2,252.75 worth of ED stock on Nov 30, 2023.
Learn more about who owns ED shares here.
Can I get consistent income from ED stock?
Consolidated Edison pays a dividend of 3.5%, compared to the Utilities - Regulated Electric industry's average dividend yield of 4.26%. If you owned $1,000 worth of ED stock, you would have received $35.05 in the past 12 months.
Consolidated Edison dividend payments have consistently grown over the past decade and have remained stable.
Get more analysis about Consolidated Edison dividend yield and history here.
ED Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your ED purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, use a limit order.
Press the Open Trade button and eToro will place the order.
If you require additional help with investing in stocks on eToro, click the how to video below:
Step 6: Get notifications regarding your investment in ED
Now that you own some shares in ED, you'll want to stay up-to-date on your stock purchase.
Put ED on a watchlist to track the latest developments regarding your ED stock.
ED Feed
How to Buy Stock in Consolidated Edison
To summarize, here are the 6 steps you need to take to buy Consolidated Edison stock right now:
- Choose where to buy Consolidated Edison stock
- Open a brokerage account
- Deposit funds into your brokerage account
- Evaluate Consolidated Edison stock
- Make your ED purchase
- Get notifications regarding your investment in ED
If you need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Consolidated Edison, hit the button below to create your watchlist.
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