Consolidated Edison

Methodology

Consolidated Edison's regulated utility operations in New York City generate highly predictable earnings from allowed returns on rate base investments. The urban electric and gas distribution franchise provides stable cash flows with minimal volume risk. Fair value calculations work reliably given low-growth earnings from infrastructure replacement and rate base expansion.

Methodology

Con Edison typically shows moderate PEG ratios reflecting standard utility valuations emphasizing stability over growth potential. The company's dense urban service territory and infrastructure needs support steady but unexciting growth. PEG works reasonably well though utilities trade primarily on dividend yields rather than earnings growth.

Methodology

Con Edison pays a substantial dividend with over 50 years of consecutive increases, making PEGY far more relevant than PEG for this dividend aristocrat utility. The regulated model ensures long-term dividend sustainability and inflation-linked growth. Total return for urban utilities centers heavily on reliable yield generation with modest capital appreciation.