Consolidated Edison, Inc. vs FedEx Corporation — how do they compare? Consolidated Edison, Inc. trades at $107.5 (market cap $39.76B), while FedEx Corporation trades at $322.43 (market cap $76.28B). The key difference: FedEx Corporation is the larger of the two by market cap, and Consolidated Edison, Inc. pays the higher dividend (3.27%). Which is the better fit depends on your goals.
| ED | FDX | |
|---|---|---|
Market Cap | $39.76B | $76.28B |
Sector | Utilities | Industrials |
52-Week High | $115.46 | $338.75 |
52-Week Low | $95.37 | $180.51 |
Enterprise Value | $66.61B | $105.91B |
Dividend Yield | 3.27% | 1.51% |
Trailing returns across standard periods
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 →FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2020 (ended May 2020), FedEx derived 51% of revenue from its express division, 33% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder comes from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016. TNT was previously the fourth-largest global parcel delivery provider.
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