Last Updated: 10 Nov 2024
Executive Summary
Consolidated Edison Inc. (ED) is a leading energy company in the United States, providing a wide range of energy-related products and services to its customers. The company has a strong financial position, with annual revenues of approximately $12 billion and over $48 billion in assets. ED's stock is currently trading at $98.13, with a market capitalization of $339.93 billion. The company has a dividend yield of 0.0338%.
Company Overview
Consolidated Edison Inc. was founded in 1884 and is headquartered in New York City. The company provides electricity, natural gas, and steam to customers in New York City and Westchester County, New York. ED also owns and operates a number of renewable energy projects, including solar and wind farms.
Fundamental Analysis
ED's financial performance has been strong in recent years. The company's revenue has grown at a compound annual growth rate (CAGR) of 3.5% over the past five years. ED's net income has also grown at a CAGR of 4.2% over the same period. The company's profit margin is 12.3%, and its return on equity is 8.58%.
ED's balance sheet is also strong. The company has $48 billion in assets and $28 billion in liabilities. ED's debt-to-equity ratio is 0.58, which is below the industry average.
Technical Analysis
ED's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 55, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
ED's stock price is expected to continue to trend higher in the short term. The company's strong financial performance and positive technical indicators suggest that the stock is a good investment for investors with a short-term horizon.
Long Term Outlook
ED's long-term outlook is also positive. The company's strong market position and commitment to renewable energy should drive growth in the years to come. Investors with a long-term horizon should consider adding ED to their portfolios.
Analyst Recommendations
The majority of analysts have a "Hold" rating on ED's stock. However, two analysts have a "Strong Buy" rating on the stock, and one analyst has a "Buy" rating. The average analyst target price for ED's stock is $102.2.
