(ED) Consolidated Edison - Ratings and Ratios

Consolidated Edison, Inc. (ED) is one of the largest and most established utility companies in the United States, operating a vast network of essential energy infrastructure. Through its subsidiaries, Con Edison delivers electricity, natural gas, and steam to millions of customers across New York City and surrounding areas. This includes approximately 3.7 million electric customers in New York City and Westchester County, 1.1 million gas customers in Manhattan, the Bronx, parts of Queens, and Westchester, and 1,530 steam customers in Manhattan. Beyond its core markets, the company also serves about 300,000 electric customers in southeastern New York and northern New Jersey, and around 200,000 gas customers in southeastern New York.

Con Edisons infrastructure is a testament to its scale and complexity. The company operates 545 circuit miles of high-voltage transmission lines, supported by 15 transmission substations. Its distribution network includes 63 substations, 90,051 in-service line transformers, 3,788 pole miles of overhead lines, and 2,314 miles of underground distribution cables. For natural gas, Con Edison maintains 4,363 miles of mains and 380,870 service lines. These assets are critical for delivering reliable energy to its diverse customer base, which spans industrial, commercial, residential, and government sectors.

As a regulated utility, Con Edison has a predictable business model with a strong emphasis on infrastructure investments. The company consistently allocates capital to modernize its grid, enhance reliability, and meet growing energy demands. This includes upgrading transmission and distribution systems to improve efficiency and resilience. Con Edisons regulated structure provides a stable cash flow stream, supported by rate adjustments that reflect its capital expenditures and operational costs.

From a financial perspective, Con Edison is a significant player in the utilities sector, with a market capitalization of approximately $33.14 billion. The stock trades on the NYSE under the ticker ED, classified under the Multi-Utilities sub-industry. Its current P/E ratio is 17.98, with a forward P/E of 17.06, reflecting expectations of steady earnings growth. The companys price-to-book ratio stands at 1.51, and its price-to-sales ratio is 2.20, indicating moderate valuation levels relative to its peers.

Founded in 1823, Con Edison is one of the oldest continuously operating companies in the United States. Its long history underscores its role as a foundational provider of essential services. For investors and fund managers, Con Edison represents a stable, dividend-paying utility stock with a strong track record of returning value to shareholders. Its focus on infrastructure modernization and renewable energy initiatives positions it to adapt to the evolving energy landscape while maintaining its core mission of delivering reliable energy to millions of customers. For more information, visit their website at https://www.conedison.com.