Consolidated Edison (NYSE:ED – Get Free Report) and Dominion Energy (NYSE:D – Get Free Report) are both large-cap utilities companies, but which is the better business? We will compare the two companies based on the strength of their analyst recommendations, risk, earnings, profitability, dividends, valuation and institutional ownership.
Earnings & Valuation
This table compares Consolidated Edison and Dominion Energy”s revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Consolidated Edison | $16.92 billion | 2.33 | $2.02 billion | $6.09 | 17.49 |
| Dominion Energy | $18.12 billion | 3.22 | $3.00 billion | $2.87 | 23.09 |
Institutional and Insider Ownership
66.3% of Consolidated Edison shares are owned by institutional investors. Comparatively, 73.0% of Dominion Energy shares are owned by institutional investors. 0.2% of Consolidated Edison shares are owned by company insiders. Comparatively, 0.1% of Dominion Energy shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Volatility and Risk
Consolidated Edison has a beta of 0.27, indicating that its share price is 73% less volatile than the S&P 500. Comparatively, Dominion Energy has a beta of 0.65, indicating that its share price is 35% less volatile than the S&P 500.
Profitability
This table compares Consolidated Edison and Dominion Energy’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Consolidated Edison | 12.53% | 8.44% | 2.83% |
| Dominion Energy | 13.98% | 9.62% | 2.64% |
Analyst Ratings
This is a breakdown of recent ratings and price targets for Consolidated Edison and Dominion Energy, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Consolidated Edison | 6 | 6 | 3 | 0 | 1.80 |
| Dominion Energy | 1 | 9 | 5 | 0 | 2.27 |
Consolidated Edison presently has a consensus price target of $108.93, suggesting a potential upside of 2.25%. Dominion Energy has a consensus price target of $69.93, suggesting a potential upside of 5.54%. Given Dominion Energy’s stronger consensus rating and higher possible upside, analysts clearly believe Dominion Energy is more favorable than Consolidated Edison.
Dividends
Consolidated Edison pays an annual dividend of $3.55 per share and has a dividend yield of 3.3%. Dominion Energy pays an annual dividend of $2.67 per share and has a dividend yield of 4.0%. Consolidated Edison pays out 58.3% of its earnings in the form of a dividend. Dominion Energy pays out 93.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Consolidated Edison has increased its dividend for 52 consecutive years.
Summary
Dominion Energy beats Consolidated Edison on 12 of the 17 factors compared between the two stocks.
About Consolidated Edison
Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.7 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 1,530 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.2 million customers in southeastern New York. In addition, it operates 545 circuit miles of transmission lines; 15 transmission substations; 63 distribution substations; 90,051 in-service line transformers; 3,788 pole miles of overhead distribution lines; and 2,314 miles of underground distribution lines, as well as 4,363 miles of mains and 380,870 service lines for natural gas distribution. Further, the company invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.
About Dominion Energy
Dominion Energy, Inc. produces and distributes energy in the United States. It operates through three operating segments: Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 0.8 million customers in the central, southern, and southwestern portions of South Carolina; and distributes natural gas to approximately 0.4 million residential, commercial, and industrial customers in South Carolina. The Contracted Energy segment is involved in the nonregulated long-term contracted renewable electric generation and renewable natural gas facility. As of December 31, 2023, the company's portfolio of assets included approximately 29.5 gigawatt of electric generating capacity; 10,600 miles of electric transmission lines; 79,300 miles of electric distribution lines; and 94,800 miles of gas distribution mains and related service facilities. The company was formerly known as Dominion Resources, Inc. Dominion Energy, Inc. was incorporated in 1983 and is headquartered in Richmond, Virginia.
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