(ED) Consolidated Edison - Ratings and Ratios

Consolidated Edison, Inc. is a multi-utility company that provides essential services to millions of customers in the northeastern United States. Through its subsidiaries, the company delivers electricity, gas, and steam to customers in New York City, Westchester County, and parts of New Jersey. With a strong presence in the region, Con Edison has established itself as a reliable and trusted provider of critical infrastructure.

The companys extensive network includes over 549 circuit miles of transmission lines, 15 transmission substations, and 64 distribution substations, ensuring a robust and resilient energy delivery system. Con Edisons customer base is diverse, comprising industrial, commercial, residential, and government clients, with a strong focus on providing reliable and efficient services to meet their needs. The companys commitment to investing in electric and gas transmission projects underscores its dedication to maintaining and upgrading its infrastructure to meet growing demand.

From a technical analysis perspective, EDs stock price has been trending near its 20-day SMA, indicating a relatively stable short-term outlook. However, the stock is still below its 50-day SMA and 52-week high, suggesting some potential for growth if it can regain its upward momentum. With an ATR of 2.23, representing a 2.15% daily price range, the stock has shown some volatility, but not excessively so. Given the current technical setup, a potential price target could be around $110, representing a 6% increase from current levels.

Fundamentally, Con Edisons market capitalization of $37.5 billion and a forward P/E ratio of 18.59 suggest a stable and established player in the multi-utility sector. The companys return on equity of 8.48% indicates a reasonable level of profitability. With a dividend yield not explicitly stated but implied to be a consideration for investors in this sector, Con Edisons shares may appeal to income-seeking investors. As the company continues to invest in its infrastructure and expand its services, it is likely to maintain its position as a leader in the region. Based on the fundamental data, a forecast for EDs stock price could be influenced by its ability to maintain a stable P/E ratio and continue to deliver a reasonable RoE, potentially driving the stock price towards $115 over the next 12-18 months, representing a 10% increase from current levels.