Consolidated Edison, Inc (NYSE: ED) is 16.58% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ED stock was last observed hovering at around $101.52 in the last trading session, with the day’s gains setting it 2.5%.
Currently trading at $104.02, the stock is 6.82% and 11.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.55 million and changing 2.46% at the moment leaves the stock 7.41% off its SMA200. ED registered 20.05% gain for a year compared to 6-month loss of 3.62%.
The stock witnessed a 10.82% gain in the last 1 month and extending the period to 3 months gives it a 2.28%, and is 4.35% up 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 2.26% over the week and 1.92% over the month.
Consolidated Edison, Inc (ED) has around 15097 employees, a market worth around $36.06B and $15.26B in sales. Current P/E ratio is 19.85 and Fwd P/E is 17.35. Profit margin for the company is 11.93%. Distance from 52-week low is 21.16% and -3.46% from its 52-week high. The company has generated returns on investments over the last 12 months (3.87%).
with sales reaching $4.19B over the same period.The EPS is expected to grow by 4.11% this year, but quarterly earnings will post 5.25% year-over-year. Quarterly sales are estimated to shrink -2.14% in year-over-year returns.
Consolidated Edison, Inc (ED) Top Institutional Holders
The shares outstanding are 347.00M, and float is at 345.97M with Short Float at 4.62%.
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 6.658% 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
A total of 0 insider transactions have happened at Consolidated Edison, Inc (ED) in the last six months, with sales accounting for 0 and purchases happening 0 times. 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).
Consolidated Edison, Inc (ED): Who are the competitors?
The company’s main competitors (and peers) include Duke Energy Corp. (DUK) that is trading 28.40% up over the past 12 months. Exelon Corp. (EXC) that is 23.07% higher over the same period.
