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Consolidated Edison, Inc. (ED)
:ED
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Consolidated Edison
(NYSE:ED)74Outperform
Positive Factors
Potential Legislation
The chance of passing the Heat Act is expected to increase with potential state-level support for pro-electrification policy.
Regulatory Environment
CECONY and O&R rate cases likely to drive EPS acceleration, pointing to improved regulatory environment outcomes.
Negative Factors
Stock Performance
The stock has underperformed compared to the XLU, attributed more to market preference shifts than caution on the company.
Consolidated Edison (ED) vs. S&P 500 (SPY)
Market Cap
$35.42B
Dividend Yield3.21%
Average Volume (3M)2.79M
Price to Earnings (P/E)19.5
Beta (1Y)0.02
Revenue Growth4.23%
EPS Growth-27.02%
CountryUS
Employees14,592
SectorUtilities
Sector Strength79
IndustryRegulated Utilities
Share Statistics
EPS (TTM)5.24
Shares Outstanding346,711,640
10 Day Avg. Volume3,301,491
30 Day Avg. Volume2,794,754
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)2.36
Price to Cash Flow (P/CF)6.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$100.18Price Target Upside-1.93% Downside
Rating ConsensusHold
Number of Analyst Covering11
Consolidated Edison Business Overview & Revenue Model
Company DescriptionConsolidated Edison Co. of New York, Inc. engages in the distribution of electric power services. It operates through the following segments: Electric, Gas, and Steam. The company was founded in 1884 and is headquartered in New York, NY.
How the Company Makes MoneyConsolidated Edison makes money through its diverse energy services, primarily by charging customers for electricity, natural gas, and steam services. The company's revenue model is centered on regulated utility operations, where it earns income by supplying electricity to residential, commercial, and industrial customers. Additionally, Con Edison generates revenue from natural gas distribution and steam production, mainly in New York City. Its earnings are influenced by regulatory frameworks that determine the rates it can charge, which are overseen by public utility commissions. Con Edison also invests in renewable energy projects and infrastructure upgrades to enhance service reliability and meet sustainability goals, which can contribute to long-term revenue growth. Key factors affecting its earnings include energy consumption patterns, regulatory rate adjustments, and investments in infrastructure and technology.
Consolidated Edison Financial Statement Overview
Summary
Consolidated Edison exhibits a solid financial foundation with strong income-generating capabilities. The balance sheet shows a reliance on debt, which, while common in the utilities sector, requires careful management. Cash flow improvements are noteworthy, although further enhancements in liquidity would benefit the company's financial flexibility.Income Statement
Consolidated Edison has shown consistent revenue generation with a slight decline recently. The gross profit margin is robust, indicating efficient cost management. However, the net profit margin has fluctuated, partly due to variable operating expenses. The EBIT and EBITDA margins remain healthy, reflecting strong operational performance.75
Positive
Balance Sheet
The company's balance sheet suggests solid equity backing, with a commendable equity ratio. However, the debt-to-equity ratio highlights a significant level of leverage, which might pose risks if not managed properly. Return on equity has been reasonable, showcasing decent profitability relative to shareholder investment.68
Positive
Cash Flow
Operating cash flow is strong, supporting robust free cash flow generation in the latest year. The company has managed to turn around its free cash flow from negative to positive, indicating improvements in cash management. Nonetheless, the free cash flow to net income ratio suggests room for enhancement in converting earnings to cash.70
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 15.26B | 14.66B | 15.67B | 13.68B | 12.25B | Gross Profit |
| 12.52B | 7.41B | 7.68B | 7.67B | 7.15B | EBIT |
| 2.67B | 3.20B | 2.62B | 2.83B | 2.65B | EBITDA |
| 5.48B | 6.06B | 5.03B | 4.72B | 4.37B | Net Income Common Stockholders |
| 1.82B | 2.52B | 1.66B | 1.35B | 1.10B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.00M | 1.19B | 1.28B | 992.00M | 1.27B | Total Assets |
| 23.00B | 66.33B | 69.06B | 63.12B | 62.90B | Total Debt |
| 348.00M | 25.01B | 24.41B | 25.36B | 25.08B | Net Debt |
| 347.00M | 23.82B | 23.13B | 24.37B | 23.81B | Total Liabilities |
| 1.04B | 45.17B | 48.18B | 42.78B | 43.83B | Stockholders Equity |
| 21.96B | 21.16B | 20.69B | 20.04B | 18.85B |
| Cash Flow | Free Cash Flow | |||
| 3.36B | -2.34B | -233.00M | -1.22B | -1.71B | Operating Cash Flow |
| 3.36B | 2.16B | 3.94B | 2.73B | 2.20B | Investing Cash Flow |
| -4.92B | -1.00B | -4.57B | -3.48B | -4.22B | Financing Cash Flow |
| 1.80B | -1.49B | 1.01B | 461.00M | 2.25B |
Consolidated Edison Technical Analysis
Positive
102.15
Price Trends
92.83
Positive
95.55
Positive
95.30
Positive
Market Momentum
2.56
Negative
67.21
Neutral
86.21
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ED, the sentiment is Positive. The current price of 102.15 is above the 20-day moving average (MA) of 97.28, above the 50-day MA of 92.83, and above the 200-day MA of 95.30, indicating a bullish trend. The MACD of 2.56 indicates Negative momentum. The RSI at 67.21 is Neutral, neither overbought nor oversold. The STOCH value of 86.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ED.
Consolidated Edison Risk Analysis
Consolidated Edison disclosed 15 risk factors in its most recent earnings report. Consolidated Edison reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Consolidated Edison Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $90.39B | 20.48 | 9.03% | 3.50% | 4.46% | 54.09% | |
77 Outperform | $99.64B | 22.75 | 13.25% | 3.17% | 5.83% | 10.23% | |
74 Outperform | $35.42B | 19.49 | 8.29% | 3.21% | 4.23% | -27.02% | |
73 Outperform | $56.12B | 18.85 | 73.81% | 3.36% | 2.76% | 31.53% | |
72 Outperform | $23.12B | 27.75 | <0.01% | 4.54% | -0.08% | ― | |
67 Neutral | $145.74B | 21.00 | 9.07% | 2.95% | 26.91% | -6.43% | |
65 Neutral | $12.05B | 15.92 | 6.71% | 4.32% | 8.04% | 3.76% |
* Utilities Sector Average
Performance Comparison
ED
Consolidated Edison
102.15
15.33
17.66%
AEP
American Electric Power
105.24
24.43
30.23%
DUK
Duke Energy
116.41
25.84
28.53%
NEE
NextEra Energy
70.85
16.84
31.18%
ES
Eversource Energy
59.74
3.92
7.02%
SO
Southern Co
89.89
23.61
35.62%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.