(ED) Consolidated Edison - Ratings and Ratios

Consolidated Edison, Inc. (NYSE:ED) is a leading regulated utility company operating in the United States, primarily serving New York City and surrounding areas. Through its subsidiaries, the company delivers electricity, natural gas, and steam, catering to over 3.7 million electric customers, 1.1 million gas customers, and 1,520 steam customers. Its service territory includes New York City, Westchester County, southeastern New York, and northern New Jersey. The company’s infrastructure spans 549 circuit miles of transmission lines, 15 transmission substations, 64 distribution substations, and over 90,755 in-service line transformers. For natural gas distribution, it maintains 4,384 miles of mains and 379,888 service lines. Additionally, Con Edison invests in electric and gas transmission projects to enhance grid reliability and meet growing demand. Its customer base includes industrial, commercial, residential, and government sectors. Founded in 1823, Con Edison is headquartered in New York, New York, and operates as one of the oldest and largest investor-owned utility companies in the U.S.

From a technical perspective, ED is currently trading at $112.10, above its 20-day SMA of $108.98, 50-day SMA of $103.92, and 200-day SMA of $98.07, indicating bullish momentum. The stock’s Average True Range (ATR) of 2.71 suggests moderate volatility. Based on its current trajectory, ED may test resistance near $115 in the next three months, supported by its upward-trending SMAs. However, potential pullbacks could find support at the 50-day SMA level of $103.92. On the fundamental side, ED’s forward P/E of 19.96 and P/B ratio of 1.83 suggest a fairly valued stock relative to its utility peers. With a market cap of $40.14 billion and an RoE of 8.29%, the company is expected to maintain stability, driven by consistent demand for its services and ongoing infrastructure investments.