I rate CONSOLIDATED EDISON INC (ED) a BUY at $34.80. The Street rates this stock a Buy. Ford Equity Research 3 stars out of 5 and Jaywalk rates this a hold.
The company has good cash flow from operations, attractive valuation levels and notable return on equity. I think this outweighs weak growth in earnings per share. Additionally the company dividend yield is 6.7% or $2.36 per share.
ED’s demand is inelastic, indicating that price changes have little impact on consumption levels.
Consolidated Edison, Inc. (Con Edison) is a holding company that provides a wide range of energy-related and elecommunications services to customers in New York, New Jersey and Pennsylvania through its regulated utility and unregulated subsidiaries.
Bottom line, this is a low risk, high yield investment. I will watch this stock after it hits its $34.80 strike price for additional investment.