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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 $90.05, up 2.97% from the previous day, and has decreased 4.78% in one year. It has overperformed other stocks in the Utilities - Regulated Electric industry by 0.02 percentage points. Consolidated Edison stock is currently +11.92% from its 52-week low of $80.46, and -10.77% from its 52-week high of $100.92.

There are currently 345.51M ED shares outstanding. The market capitalization of ED is $31.11B. In the last 24 hours, 1.92M ED shares were traded.

How to Buy Consolidated Edison Stock

Wondering how to invest in Consolidated Edison stock? Here's how.
  1. 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.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Deposit funds into your brokerage account: Pick your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

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Step 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.

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  1. Click here to get started.
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  2. Provide your personal info to start a new brokerage account.
  1. Submit your info by clicking the "Create Account" button.
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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.

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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

ED Price
$90.05
1w %
1.13%
1y %
-4.78%
5y %
5.74%
P/E
12.42x
P/B
1.47x
P/S
2.14x
PEG
N/A
Revenue
$14.66B
Earnings
$2.52B
Fore. Rev. Growth
2.97%
Fore. Earn. Growth
-9.35%
Market Cap
$31.11B
Next Earnings
May 2, 2024
Next Dividend
N/A

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 12.42x, relative to Utilities - Regulated Electric industry P/E ratio of 16.28x
  • ED may be undervalued based on its P/B ratio of 1.47x, relative to Utilities - Regulated Electric industry P/B ratio of 1.62x

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.
  • There are more short-term assets than short-term liabilities on the ED balance sheet.
  • ED profit margin has gone up from 10.6% to 17.2% in the past year.

Signs that ED is not financially healthy:

  • ED has a relatively high debt to equity ratio of 2.14.
  • ED has $1.19B in cash and short term investments. This is not sufficient to cover its annual cash burn of $2.34B.
  • There are more long-term liabilities than short-term assets on the ED balance sheet.
  • ED has cash burn of 2338000000. 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 Sell

It's important to keep in mind that analyst forecasts are not recommendations, nor are they financial advice.

Most Recent ED Analyst Recommendations

Paul Fremont, a top 23% analyst from Ladenburg Thalmann initiates coverage on ED with a hold rating and announces their ED price target of $92.50, on Jan 3, 2024.

Jeremy Metz, a bottom 36% analyst from JP Morgan maintains ED with a strong sell rating and raises their ED price target from $84.00 to $87.00, on Nov 29, 2023.

David Arcaro, a top 15% analyst from Morgan Stanley maintains ED with a strong sell rating and raises their ED price target from $71.00 to $73.00, on Nov 21, 2023.

Sophie Karp, a bottom 3% analyst from KeyBanc maintains ED with a strong sell rating and lowers their ED price target from $77.00 to $73.00, on Oct 18, 2023.

Sarah Akers, a top 13% analyst from Wells Fargo upgrades ED to a hold rating and lowers their ED price target from $96.00 to $94.00, on Oct 17, 2023.

You can dig deeper into what analysts are forecasting on the Consolidated Edison stock forecast page.

ED Trading Indicators

SMA10
88.86
SMA20
89.06
SMA50
89.01
SMA100
90.03
SMA200
90.15
MACD
-0.02
MACD Signal
-0.01
MACD Histogram
-0.01
RSI
55.9
Stochastic %K
32.28
Stochastic %D
24.37
StochRSI %K
25.81
StochRSI %D
8.6

ED Revenue

Last year, ED earnings were $2.52B. During the past five year, ED's earnings have increased by 10.35% per year. This was faster than the Utilities - Regulated Electric industry average of 2.51%.

Last year, ED revenue was $14.66B. Over the last 5 year, ED's revenue has grown by 3.51% per year. This was slower than the Utilities - Regulated Electric industry average of 3.99%.

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.

Joseph Miller, VP Controller of ED, was the latest ED insider to buy. They bought $88.08 worth of ED stock on Mar 15, 2024.

Learn more about who owns ED shares here.

Can I get consistent income from ED stock?

Consolidated Edison pays a dividend of 3.62%, compared to the Utilities - Regulated Electric industry's average dividend yield of 4.01%. If you owned $1,000 worth of ED stock, you would have received $36.20 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:

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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:

  1. Choose where to buy Consolidated Edison stock
  2. Open a brokerage account
  3. Deposit funds into your brokerage account
  4. Evaluate Consolidated Edison stock
  5. Make your ED purchase
  6. Get notifications regarding your investment in ED

If you need a place to buy stocks, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get the latest scoop on your investment in Consolidated Edison, hit the button below to create your watchlist.

NYSE: ED
$90.05+2.60 (+2.97%)
Updated Mar 27, 2024
Open eToro Account
NYSE: ED
$90.05+2.60 (+2.97%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Consolidated Edison share?

As of Mar 27, 2024, it costs $90.05 to buy one share of Consolidated Edison stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.111 shares of ED.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Consolidated Edison stock?

According to 10 Wall Street analysts who monitor Consolidated Edison, their consensus recommendation is to sell Consolidated Edison stock.

What is the best way to buy Consolidated Edison stock?

One way to place an order for Consolidated Edison stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.