Consolidated Edison, Inc. (NYSE: ED) is -1.54% lower on its value in year-to-date trading and has touched a low of $80.46 and a high of $100.92 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ED stock was last observed hovering at around $89.93 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $89.57, the stock is 1.56% and -0.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing -0.40% at the moment leaves the stock -0.88% off its SMA200. ED registered -3.47% loss for a year compared to 6-month loss of -0.70%. The firm has a 50-day simple moving average (SMA 50) of $3.74 and a 200-day simple moving average (SMA200) of $9.04.
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The stock witnessed a 0.13% gain in the last 1 month and extending the period to 3 months gives it a -2.50%, and is -0.31% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.43% over the week and 1.66% over the month.
Consolidated Edison, Inc. (ED) has around 14592 employees, a market worth around $30.95B and $14.64B in sales. Current P/E ratio is 12.47 and Fwd P/E is 16.01. Profit margin for the company is 17.22%. Distance from 52-week low is 11.32% and -11.25% from its 52-week high. The company has generated returns on investments over the last 12 months (5.79%).
Consolidated Edison, Inc. quarterly earnings per share for the current quarter are estimated at $1.82 with sales reaching $4.33B over the same period.The EPS is expected to grow by 4.58% this year, but quarterly earnings will post 6.20% year-over-year. Quarterly sales are estimated to shrink -1.60% in year-over-year returns.
1,525 institutions hold shares in Consolidated Edison, Inc. (ED), with institutional investors hold 68.45% of the company’s shares. The shares outstanding are 345.00M, and float is at 344.92M with Short Float at 1.73%. Institutions hold 68.34% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 43.28 million shares valued at $3.91 billion. The investor’s holdings represent 12.55% of the ED Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 42.57 million shares valued at $3.85 billion to account for 12.34% of the shares outstanding. The other top investors are State Street Corporation which holds 25.13 million shares representing 7.29% and valued at over $2.27 billion, while Geode Capital Management, LLC holds 2.32% of the shares totaling 7.99 million with a market value of $722.56 million.
Consolidated Edison, Inc. (ED) Insider Activity
The most recent transaction is an insider purchase by Cawley Timothy, the company’s Chairman, President & CEO. SEC filings show that Cawley Timothy bought 27 shares of the company’s common stock on Feb 29 ’24 at a price of $87.21 per share for a total of $2316.0. Following the purchase, the insider now owns 86203.0 shares.
Consolidated Edison, Inc. disclosed in a document filed with the SEC on Feb 29 ’24 that HOGLUND ROBERT N (SVP & CFO) bought a total of 27 shares of the company’s common stock. The trade occurred on Feb 29 ’24 and was made at $87.21 per share for $2315.0. Following the transaction, the insider now directly holds 44896.0 shares of the ED stock.
Still, SEC filings show that on Feb 29 ’24, Donnley Deneen L (SVP and General Counsel) acquired 27 shares at an average price of $87.21 for $2313.0. The insider now directly holds 19,118 shares of Consolidated Edison, Inc. (ED).
