Consolidated Edison, Inc (NYSE: ED) is -0.85% lower on its value in year-to-date trading and has touched a low of $85.85 and a high of $107.75 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 $88.15 in the last trading session, with the day’s gains setting it 0.32%.
Currently trading at $88.47, the stock is -1.28% and -6.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing 0.36% at the moment leaves the stock -8.21% off its SMA200. ED registered -6.20% loss for a year compared to 6-month gain of -4.04%. The firm has a 50-day simple moving average (SMA 50) of $94.9082 and a 200-day simple moving average (SMA200) of $96.37275.
The stock witnessed a -6.57% loss in the last 1 month and extending the period to 3 months gives it a -12.91%, and is -0.86% 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 1.51% over the week and 1.54% over the month.
Consolidated Edison, Inc (ED) has around 14592 employees, a market worth around $30.65B and $15.03B in sales. Current P/E ratio is 16.64 and Fwd P/E is 15.74. Profit margin for the company is 12.27%. Distance from 52-week low is 3.05% and -17.89% from its 52-week high. The company has generated returns on investments over the last 12 months (4.03%).
with sales reaching $3.59B over the same period.The EPS is expected to grow by 5.39% this year, but quarterly earnings will post 4.06% year-over-year. Quarterly sales are estimated to grow 4.26% in year-over-year returns.
Consolidated Edison, Inc (ED) Top Institutional Holders
1581.0 institutions hold shares in Consolidated Edison, Inc (ED), with institutional investors hold 68.29% of the company’s shares. The shares outstanding are 346.00M, and float is at 345.73M with Short Float at 4.31%. Institutions hold 68.16% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 41.53 million shares valued at $3.71 billion. The investor’s holdings represent 12.0202% of the ED Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 41.08 million shares valued at $3.67 billion to account for 11.8913 of the shares outstanding. The other top investors are STATE STREET CORP which holds 23.03 million shares representing 6.6658% and valued at over $2.06 billion, while BANK OF AMERICA CORP /DE/ holds 3.5509 of the shares totaling 12.27 million with a market value of $1.1 billion.
Consolidated Edison, Inc (ED) Insider Activity
The most recent transaction is an insider purchase by Miller Joseph, the company’s VP & Controller. SEC filings show that Miller Joseph bought 1 shares of the company’s common stock on Dec 16 ’24 at a price of $92.58 per share for a total of $98.0. Following the purchase, the insider now owns 1220.0 shares.
Consolidated Edison, Inc disclosed in a document filed with the SEC on Sep 16 ’24 that Miller Joseph (VP & Controller) bought a total of 1 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $105.07 per share for $97.0. Following the transaction, the insider now directly holds 1203.0 shares of the ED stock.
Still, SEC filings show that on Jun 14 ’24, Miller Joseph (VP & Controller) acquired 1 shares at an average price of $90.27 for $96.0. The insider now directly holds 1,184 shares of Consolidated Edison, Inc (ED).
