Franklin Resources, Inc. vs Consolidated Edison, Inc. — how do they compare? Franklin Resources, Inc. trades at $33.24 (market cap $17.06B), while Consolidated Edison, Inc. trades at $111.89 (market cap $41.21B). The key difference: Consolidated Edison, Inc. is far larger — about 2.4× Franklin Resources, Inc.'s market cap, and Franklin Resources, Inc. pays the higher dividend (4.02%). Which is the better fit depends on your goals.
| BEN | ED | |
|---|---|---|
Market Cap | $17.06B | $41.21B |
Sector | Financials | Utilities |
52-Week High | $34.44 | $115.46 |
52-Week Low | $21.18 | $95.37 |
Enterprise Value | $28.88B | $68.24B |
Dividend Yield | 4.02% | 3.11% |
Trailing returns across standard periods
Franklin Resources provides investment services for individual and institutional investors. At the end of August 2022, Franklin had $1.388 trillion in managed assets, composed primarily of equity (32%), fixed-income (38%), multi-asset/balanced (10%) funds, alternatives (16%), and money market funds (4%). Distribution tends to be weighted more toward retail investors (49% of AUM) investors, as opposed to institutional (49%) and high-net-worth (2%) clients. Franklin is also one of the more global firms of the U.S.-based asset managers with more than 35% of its AUM invested in global/international strategies and 25% of managed assets sourced from clients domiciled outside the United States.
Read more on BEN →Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities will generate nearly all of Con Ed's earnings once it closes the sale of its clean energy business to RWE. Con Ed's clean energy business owns the second-largest portfolio of utility-scale solar projects in the U.S. Following the sale, Con Ed's only non-utility earnings will come from investments in gas and electric transmission.
Read more on ED →