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.
A brokerage account allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.
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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.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
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
$92.44
1w %
2.59%
1y %
-4.3%
5y %
12.1%
P/E
13.65x
P/B
1.51x
P/S
2.09x
PEG
N/A
Revenue
$15.25B
Earnings
$2.38B
Fore. Rev. Growth
1.23%
Fore. Earn. Growth
-7.96%
Market Cap
$31.91B
Next Earnings
N/A
Next Dividend
Dec 15, 2023
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.
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%.
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.
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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:
How much does it cost to buy one Consolidated Edison share?
As of Dec 7, 2023, it costs $92.44 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 0.108 shares of ED.
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.