Jim Cramer’s List of 16 Stocks to Buy Right Now

3. Consolidated Edison, Inc. (NYSE:ED)

Number of Hedge Fund Holders: 44

Consolidated Edison, Inc. (NYSE:ED) is one of the largest investor-owned energy companies in the U.S., supplying electricity and gas to millions of customers in the New York metropolitan area. Cramer pointed to Con Ed as his top utility pick, praising its strong yield and stability in a fast-growing region — calling it a no-fuss, no-drama choice for steady income. Here’s what he said:

“If you want utility too, there were a bunch of them in the chart I don’t like to question. I’d go for Con Ed because we live in one of the fastest growing areas in the country. 3% yield. Provides 3.7 million people with electricity, 1.1 million with gas. No fuss no mess!”

Discussing utility stocks earlier in March, Jim Cramer highlighted Consolidate Edison, Inc. (NYSE:ED) as one of his favorites, saying:

“When interest rates go down, we normally look for utilities, but rates are going higher here. Now it could… mean that people want to profit from a slowdown, if not a recession, by buying companies with consistent earnings. So if they’re buying Consolidated Edison… a purveyor of electricity for the New York metro area as well as number two, Exelon, the name of the utility that encompasses Baltimore Gas and Electric…. Well, what can I say, it’s plain as it gets.”