LOL, only for the last 40 years or so. They're not subject to materials costs, they fix prices, they basically enjoy a monopoly. Listen to market noise in the wake of Sandy if you like. Thanks, no, I bought the dip.
Are they a growth company? Heck no! But when you already have a government enforced monpoly, growth is overrated.
I wouldn't recommend them for growth portfolios and there is an argument that other utilities have mildly better fundamentals (though at the current price, not many) and is subject to political pressures, but ED tends to be more insulated from commodity fluctuations, customer turnover, pensions, etc. It also manages to increase rates fairly consistently.
Regardless of which you pick, utilities are a cornerstone of any passive value/dividend investor.
They have paid a dividend for 38 consecutive years. Check out their stock price history and dividend payment by quarter on their home page click investor tab to learn more. Nothing last forever. But they are a regulated utility which should allow them to continue to make enough money to cover all their cost and expenses.
Sentiment: Strong Buy
Does not make any differance what people can pay. All a utility has to do if they are not making money is just ak for a rate increase and you get it, no ploblem. What other industry in the world ARE YOU GUARRENTEED TO MAKE A MONEY no matter what you do.