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 $104.97, up 0.21% from the previous day, and has increased 16.98% in one year. It has overperformed other stocks in the Utilities - Regulated Electric industry by 0 percentage points. Consolidated Edison stock is currently +30.46% from its 52-week low of $80.46, and -0.96% from its 52-week high of $105.99.
There are currently 346.15M ED shares outstanding. The market capitalization of ED is $36.34B. In the last 24 hours, 1.27M 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 overvalued based on its P/E ratio of 20.3x, relative to Utilities - Regulated Electric industry P/E ratio of 16.03x
- ED may be undervalued based on its P/B ratio of 1.69x, relative to Utilities - Regulated Electric industry P/B ratio of 1.88x
- ED may be overvalued based on its PEG ratio of 4.39x
You can access additional valuation analysis on ED's stock here.
ED Financial Health
Signs that ED is financially healthy:
- There are more short-term assets than short-term liabilities on the ED balance sheet.
- ED has $1.50B in cash and short term investments. This is enough to cover its annual cash burn of $1.71B.
Signs that ED is not financially healthy:
- Total ED debt is higher than 5 years ago, relative to shareholder equity.
- ED profit margin has gone down from 15.8% to 12% in the past year.
- There are more long-term liabilities than short-term assets on the ED balance sheet.
- ED has a relatively high debt to equity ratio of 2.15.
- ED has cash burn of 1707000000. It does not have sufficient cash and short-term investments to cover this.
Do analysts think it's a good time to buy Consolidated Edison stock
Out of 8 Wall Street analysts who track ED, the consensus analyst rating on Consolidated Edison is a Hold
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
Most Recent ED Analyst Forecasts
Sarah Akers, a top 9% analyst from Wells Fargo maintains ED with a hold rating and raises their ED price target from $97.00 to $105.00, on Aug 2, 2024.
William Appicelli, a bottom 29% analyst from UBS maintains ED with a hold rating and raises their ED price target from $92.00 to $96.00, on Jul 19, 2024.
Anthony Crowdell, a top 11% analyst from Mizuho maintains ED with a hold rating and raises their ED price target from $93.00 to $95.00, on May 28, 2024.
You can dig deeper into what analysts are saying on the Consolidated Edison stock forecast page.
Metrics for Advanced ED Traders
ED Performance Numbers
Last year, ED earnings were $1.78B. In the last five year, ED's earnings have gone up by 4.14% per year. This was slower than the Utilities - Regulated Electric industry average of 8%.
Last year, ED revenue was $14.82B. Over the past 5 year, ED's revenue has gone up by 3.4% per year. This was slower than the Utilities - Regulated Electric industry average of 3.94%.
Dig into ED's earnings and revenue performance here.
Latest Insiders Trades at ED
Over the past 12 months, insiders at ED have sold more shares than they have bought.
Kirkland B. Andrews, SVP CFO of ED, was the latest ED insider to buy. They bought $4,499,959.06 worth of ED stock on Jul 8, 2024.
Learn more about who owns ED shares here.
Does ED stock generate passive income?
Consolidated Edison pays a dividend of 3.14%, compared to the Utilities - Regulated Electric industry's average dividend yield of 3.29%. If you owned $1,000 of ED stock, you would have been paid $31.44 last year.
Consolidated Edison dividend payments have consistently grown over the past decade and have remained stable.
Dig into more analysis about Consolidated Edison dividend yield and history here.
What do other investors have to say about ED?
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your ED purchase
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly fine for most investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount, place a limit order.
Click the Open button and eToro will place your order.
If you want additional info about buying 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 keep up with your new shares.
Make a watchlist to get the latest updates about your ED stock.
ED Feed
How to Buy Stock in Consolidated Edison
To reiterate, 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 require a online brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Consolidated Edison, click the button below.
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