Consolidated Edison (NYSE:ED) and Innergex Renewable Energy (OTCMKTS:INGXF) are both utilities companies, but which is the superior business? We will contrast the two companies based on the strength of their profitability, valuation, earnings, analyst recommendations, risk, institutional ownership and dividends.
Valuation & Earnings
This table compares Consolidated Edison and Innergex Renewable Energy’s revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Consolidated Edison||$12.34 billion||2.38||$1.38 billion||$4.32||20.43|
|Innergex Renewable Energy||$436.35 million||3.45||$25.22 million||N/A||N/A|
Risk & Volatility
Consolidated Edison has a beta of 0.1, indicating that its share price is 90% less volatile than the S&P 500. Comparatively, Innergex Renewable Energy has a beta of 0.67, indicating that its share price is 33% less volatile than the S&P 500.
This is a breakdown of recent recommendations and price targets for Consolidated Edison and Innergex Renewable Energy, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Innergex Renewable Energy||0||0||0||0||N/A|
Consolidated Edison currently has a consensus target price of $84.41, indicating a potential downside of 4.34%. Given Consolidated Edison’s higher probable upside, research analysts clearly believe Consolidated Edison is more favorable than Innergex Renewable Energy.
Institutional and Insider Ownership
59.3% of Consolidated Edison shares are owned by institutional investors. 0.2% of Consolidated Edison shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
This table compares Consolidated Edison and Innergex Renewable Energy’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Innergex Renewable Energy||4.75%||0.49%||0.06%|
Consolidated Edison pays an annual dividend of $2.96 per share and has a dividend yield of 3.4%. Innergex Renewable Energy pays an annual dividend of $0.52 per share and has a dividend yield of 4.6%. Consolidated Edison pays out 68.5% of its earnings in the form of a dividend. Consolidated Edison has increased its dividend for 44 consecutive years.
Consolidated Edison beats Innergex Renewable Energy on 10 of the 14 factors compared between the two stocks.
About Consolidated Edison
Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,622 customers in parts of Manhattan. It also supplies electricity to approximately 0.3 million customers in southeastern New York, and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. The company operates 549 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 85,545 in-service line transformers; 3,748 pole miles of overhead distribution lines; and 2,181 miles of underground distribution lines, as well as 4,416 miles of mains and 375,898 service lines for natural gas distribution. In addition, it owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. The company primarily sells electricity to industrial, commercial, residential, and governmental customers. Consolidated Edison, Inc. was founded in 1884 and is based in New York, New York.
About Innergex Renewable Energy
Innergex Renewable Energy, Inc. engages in the development, acquisition, and operations of run-of-river hydroelectric facilities, wind farms, solar photovoltaic farms, and geothermal power generation plants. It operates through the following segments: Hydroelectric Generation, Wind Power Generation, Solar Power Generation, and Site Development. The Hydroelectric Generation, Wind Power Generation, and Solar Power Generation segments sells electricity products to publicly owned utilities and other creditworthy counterparties. The Site Development segment analyzes potential locations. The company was founded on October 25, 2002 and is headquartered in Longueuil, Canada.
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