Hawaiian Electric Industries (NYSE:HE – Get Free Report) and Consolidated Edison (NYSE:ED – Get Free Report) are both utilities companies, but which is the superior business? We will compare the two businesses based on the strength of their valuation, earnings, institutional ownership, risk, dividends, analyst recommendations and profitability.
Insider & Institutional Ownership
59.9% of Hawaiian Electric Industries shares are owned by institutional investors. Comparatively, 66.3% of Consolidated Edison shares are owned by institutional investors. 0.2% of Hawaiian Electric Industries shares are owned by company insiders. Comparatively, 0.2% of Consolidated Edison shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.
Analyst Ratings
This is a breakdown of current recommendations for Hawaiian Electric Industries and Consolidated Edison, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Hawaiian Electric Industries | 1 | 2 | 0 | 1 | 2.25 |
| Consolidated Edison | 5 | 7 | 3 | 0 | 1.87 |
Profitability
This table compares Hawaiian Electric Industries and Consolidated Edison’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Hawaiian Electric Industries | 4.09% | 9.82% | 1.75% |
| Consolidated Edison | 11.95% | 8.50% | 2.82% |
Valuation and Earnings
This table compares Hawaiian Electric Industries and Consolidated Edison”s gross revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Hawaiian Electric Industries | $3.09 billion | 0.88 | $126.28 million | $0.71 | 22.24 |
| Consolidated Edison | $16.92 billion | 2.39 | $2.02 billion | $5.65 | 19.41 |
Consolidated Edison has higher revenue and earnings than Hawaiian Electric Industries. Consolidated Edison is trading at a lower price-to-earnings ratio than Hawaiian Electric Industries, indicating that it is currently the more affordable of the two stocks.
Risk and Volatility
Hawaiian Electric Industries has a beta of 0.55, indicating that its share price is 45% less volatile than the S&P 500. Comparatively, Consolidated Edison has a beta of 0.34, indicating that its share price is 66% less volatile than the S&P 500.
Summary
Consolidated Edison beats Hawaiian Electric Industries on 9 of the 14 factors compared between the two stocks.
About Hawaiian Electric Industries
Hawaiian Electric Industries, Inc., together with its subsidiaries, engages in the electric utility businesses in the United States. It operates in three segments: Electric Utility, Bank, and Other. The Electric Utility segment engages in the production, purchase, transmission, distribution, and sale of electricity in the islands of Oahu, Hawaii, Maui, Lanai, and Molokai. Its renewable energy sources and potential sources include wind, solar, photovoltaic, geothermal, wave, hydroelectric, municipal waste, and other biofuels. This segment serves suburban communities, resorts, the United States Armed Forces installations, and agricultural operations. The Bank segment operates a federally chartered savings bank that offers banking and other financial services to consumers and businesses, including savings and checking accounts; and loans comprising residential and commercial real estate, residential mortgage, construction and development, multifamily residential and commercial real estate, consumer, and commercial loans. The Other segment invests in non-regulated renewable energy and sustainable infrastructure in the State of Hawaii. Hawaiian Electric Industries, Inc. was founded in 1891 and is headquartered in Honolulu, Hawaii.
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.
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