Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,520 customers in parts of Manhattan. It also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. In addition, the company operates 549 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 90,755 in-service line transformers; 3,877 pole miles of overhead distribution lines; and 2,405 miles of underground distribution lines, as well as 4,384 miles of mains and 379,888 service lines for natural gas distribution. Further, it invests in electric and gas transmission projects. The company primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.
Market Valuation | Analyst targets range from $95 to $120, reflecting mixed sentiment amid ED's $36.8B market cap and concerns over current valuation versus growth potential |
Strategic Expansion | Learn about ED's ambitious CapEx plans and long-term transmission projects, potentially opening new revenue streams and enhancing grid modernization efforts |
Financial Resilience | Delve into ED's unique earnings outlook tied to ROE, projecting EPS growth from $5.68 in FY1 to $6.06 in FY2, showcasing stability in a volatile market |
Regulatory Crossroads | Explore ED's critical General Rate Case cycle, impacting over 90% of earnings and shaping future profitability amid complex regulatory challenges |
Metrics to compare | ED | Sector Sector - Average of metrics from a broad group of related Utilities sector companies | Relationship RelationshipEDPeersSector | |
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P/E Ratio | 22.2x | 21.3x | 12.0x | |
PEG Ratio | −0.81 | −0.28 | 0.02 | |
Price / Book | 1.8x | 3.4x | 1.3x | |
Price / LTM Sales | 2.6x | 2.7x | 1.4x | |
Upside (Analyst Target) | −9.2% | 44.7% | 17.6% | |
Fair Value Upside | Unlock | −13.4% | 5.0% | Unlock |