Consolidated Edison's core rate-regulated electric and natural gas distribution utilities in New York and New Jersey have produced stable earnings and dividend growth despite regulatory challenges historically. Now we think regulation is becoming more constructive as all stakeholders in the region pursue aggressive clean energy goals.
We think Con Ed received a good price for its renewable energy business. It now has the capital to execute its utility investment growth plan.
New York regulators have awarded Con Ed's utilities allowed returns on equity below industry averages.
|
Metric
|
ED
|
ES
|
PEG
|
|---|---|---|---|
Price/Earnings (Normalized) | 17.95 | 13.30 | 18.47 |
Price/Book Value | 1.43 | 1.41 | 2.07 |
Price/Sales | 2.08 | 1.68 | 2.86 |
Price/Cash Flow | 8.01 | 9.58 | 12.86 |
|
Metric
|
ED
|
ES
|
PEG
|
|---|---|---|---|
Quick Ratio | 0.77 | 0.27 | 0.35 |
Current Ratio | 1.01 | 0.67 | 0.67 |
Interest Coverage | 3.94 | 0.57 | 5.30 |
|
Metric
|
ED
|
ES
|
PEG
|
|---|---|---|---|
Return on Assets (Normalized) | 2.34% | 2.77% | 2.63% |
Return on Equity (Normalized) | 7.31% | 9.90% | 8.78% |
Return on Invested Capital (Normalized) | 5.33% | 5.25% | 5.07% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
NEE
| NextEra Energy Inc | Jgvyzykxw | Hjrscm | $131.1 Bil | |
SO
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DUK
| Duke Energy Corp | Kfpfqmvjg | Sbzltbt | $72.9 Bil | |
NGG
| National Grid PLC ADR | Ybzhsfsh | Jnjry | $46.6 Bil | |
AEP
| American Electric Power Co Inc | Fcbfvgxn | Hnwssk | $42.8 Bil | |
PCG
| PG&E Corp | Hqtlqrb | Bmg | $41.9 Bil | |
D
| Dominion Energy Inc | Lfvgzyldn | Mtkxwq | $40.5 Bil | |
EXC
| Exelon Corp | Fdwgtytw | Qjnhmc | $36.4 Bil | |
PEG
| Public Service Enterprise Group Inc | Fhpmpqyw | Rgbrb | $32.4 Bil |
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