Consolidated Edison is a holding company. Through its subsidiaries, Co. is engaged in provision of energy services. Co.'s subsidiaries include: Consolidated Edison Company of New York, Inc., which operates regulated electric, gas and steam delivery businesses; Orange & Rockland Utilities, Inc., which operates regulated electric and gas delivery businesses; Con Edison Clean Energy Businesses, Inc., which develops, owns and operates renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which invests in electric and gas transmission projects. We show 58 historical shares outstanding datapoints in our ED shares outstanding history coverage, used to compute ED market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ED market cap history over the course of time is important for investors
interested in comparing ED's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ED versus a peer is one thing; comparing
ED market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ED can fluctuate over the course of history.
With this page we aim to empower investors researching ED by allowing them to research the ED market cap history. |
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Video: The Importance of Market Cap
