ED vs. PEG, PCG, WEC, AEE, NI, XEL, EXC, LNT, EVRG, and DUK
Should you be buying Consolidated Edison stock or one of its competitors? The main competitors of Consolidated Edison include Public Service Enterprise Group (PEG), PG&E (PCG), WEC Energy Group (WEC), Ameren (AEE), NiSource (NI), Xcel Energy (XEL), Exelon (EXC), Alliant Energy (LNT), Evergy (EVRG), and Duke Energy (DUK). These companies are all part of the "electric & other services combined" industry.
Consolidated Edison (NYSE:ED) and Public Service Enterprise Group (NYSE:PEG) are both large-cap utilities companies, but which is the superior business? We will compare the two companies based on the strength of their dividends, profitability, earnings, analyst recommendations, valuation, community ranking, institutional ownership, media sentiment and risk.
Consolidated Edison pays an annual dividend of $3.32 per share and has a dividend yield of 3.5%. Public Service Enterprise Group pays an annual dividend of $2.40 per share and has a dividend yield of 3.5%. Consolidated Edison pays out 46.2% of its earnings in the form of a dividend. Public Service Enterprise Group pays out 46.8% 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 lower revenue, but higher earnings 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.
Public Service Enterprise Group has a net margin of 22.81% compared to Consolidated Edison's net margin of 17.19%. Public Service Enterprise Group's return on equity of 11.53% beat Consolidated Edison's return on equity.
Consolidated Edison presently has a consensus target price of $87.54, suggesting a potential downside of 6.65%. Public Service Enterprise Group has a consensus target price of $67.15, suggesting a potential upside of 0.20%. Given Public Service Enterprise Group's stronger consensus rating and higher possible upside, analysts plainly believe Public Service Enterprise Group is more favorable than Consolidated Edison.
Consolidated Edison has a beta of 0.35, indicating that its share price is 65% less volatile than the S&P 500. Comparatively, Public Service Enterprise Group has a beta of 0.58, indicating that its share price is 42% less volatile than the S&P 500.
66.3% of Consolidated Edison shares are held by institutional investors. Comparatively, 73.3% of Public Service Enterprise Group shares are held by institutional investors. 0.1% of Consolidated Edison shares are held by company insiders. Comparatively, 0.6% of Public Service Enterprise Group shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
In the previous week, Consolidated Edison had 1 more articles in the media than Public Service Enterprise Group. MarketBeat recorded 17 mentions for Consolidated Edison and 16 mentions for Public Service Enterprise Group. Public Service Enterprise Group's average media sentiment score of 0.59 beat Consolidated Edison's score of 0.57 indicating that Public Service Enterprise Group is being referred to more favorably in the news media.
Public Service Enterprise Group received 137 more outperform votes than Consolidated Edison when rated by MarketBeat users. Likewise, 56.69% of users gave Public Service Enterprise Group an outperform vote while only 41.55% of users gave Consolidated Edison an outperform vote.
Summary
Public Service Enterprise Group beats Consolidated Edison on 16 of the 20 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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