ED vs. PEG, WEC, AEE, CMS, NI, PCG, XEL, EXC, LNT, and EVRG
Should you be buying Consolidated Edison stock or one of its competitors? The main competitors of Consolidated Edison include Public Service Enterprise Group (PEG), WEC Energy Group (WEC), Ameren (AEE), CMS Energy (CMS), NiSource (NI), PG&E (PCG), Xcel Energy (XEL), Exelon (EXC), Alliant Energy (LNT), and Evergy (EVRG). These companies are all part of the "electric & other services combined" industry.
Public Service Enterprise Group (NYSE:PEG) and Consolidated Edison (NYSE:ED) are both large-cap utilities companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, community ranking, profitability, valuation, media sentiment, analyst recommendations, earnings, risk and institutional ownership.
73.3% of Public Service Enterprise Group shares are held by institutional investors. Comparatively, 66.3% of Consolidated Edison shares are held by institutional investors. 0.2% of Public Service Enterprise Group shares are held by insiders. Comparatively, 0.2% of Consolidated Edison shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
In the previous week, Consolidated Edison had 3 more articles in the media than Public Service Enterprise Group. MarketBeat recorded 23 mentions for Consolidated Edison and 20 mentions for Public Service Enterprise Group. Public Service Enterprise Group's average media sentiment score of 0.50 beat Consolidated Edison's score of 0.37 indicating that Consolidated Edison is being referred to more favorably in the news media.
Public Service Enterprise Group has a net margin of 17.65% compared to Public Service Enterprise Group's net margin of 12.43%. Consolidated Edison's return on equity of 11.10% beat Public Service Enterprise Group's return on equity.
Public Service Enterprise Group pays an annual dividend of $2.40 per share and has a dividend yield of 3.2%. Consolidated Edison pays an annual dividend of $3.32 per share and has a dividend yield of 3.5%. Public Service Enterprise Group pays out 66.5% of its earnings in the form of a dividend. Consolidated Edison pays out 63.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Public Service Enterprise Group has raised its dividend for 13 consecutive years and Consolidated Edison has raised its dividend for 51 consecutive years. Consolidated Edison is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.
Public Service Enterprise Group presently has a consensus target price of $68.31, indicating a potential downside of 8.80%. Consolidated Edison has a consensus target price of $88.96, indicating a potential downside of 5.41%. Given Public Service Enterprise Group's higher probable upside, analysts plainly believe Consolidated Edison is more favorable than Public Service Enterprise Group.
Public Service Enterprise Group has a beta of 0.56, suggesting that its stock price is 44% less volatile than the S&P 500. Comparatively, Consolidated Edison has a beta of 0.34, suggesting that its stock price is 66% less volatile than the S&P 500.
Public Service Enterprise Group received 138 more outperform votes than Consolidated Edison when rated by MarketBeat users. Likewise, 56.73% of users gave Public Service Enterprise Group an outperform vote while only 41.41% of users gave Consolidated Edison an outperform vote.
Public Service Enterprise Group has higher earnings, but lower revenue than Consolidated Edison. Consolidated Edison is trading at a lower price-to-earnings ratio than Public Service Enterprise Group, indicating that it is currently the more affordable of the two stocks.
Summary
Public Service Enterprise Group beats Consolidated Edison on 13 of the 21 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding ED and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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