Last Week, Consolidated Edison Inc. (ED) Recorded A Gain Of $50.68

At the last check on Friday, Consolidated Edison Inc.’s (NYSE:ED) stock was up $0.54, moving up 0.57 percent to $94.89. The average number of shares traded per day over the past five days has been 1,628,009 shares. 2 times new highs have been achieved over the past 5 days, with a $0.05 gain in that time frame. In the last twenty days, the average volume was 1,682,242, while in the previous 50 days, it was 1,683,549.

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Since last month, ED stock retreated -3.53%. Shares of the company fell to $90.95 on 05/02/22, the lowest level in the past month. A 52-week high of $99.22 was reached on 04/20/22 after having rallying from a 52-week low of $71.17. Since the beginning of this year, ED’s stock price has risen by 10.58% or $8.71, and marked a new high 22 times. However, the stock has declined by -4.36% since its 52-week high.

Consolidated Edison Inc. (ED) last reported insider trading activity 11 days ago on May 02. Cawley Timothy, the Chairman, President & CEO of the company, purchased of 80 shares for $93.61 on May 02. It resulted in a $7,489 investment by the insider. Cawley Timothy added 80 shares at an average price of $94.38 on Apr 01. The insider now owns 17,691 shares following the transaction. On Mar 31, President & CEO, O&R Sanchez Robert bought 59 shares at $94.68 apiece. The transaction was valued at $5,633.

Valuation Metrics

Right now, Consolidated Edison Inc. (ED) has a P/E ratio of about 24.49. The stock’s beta is 0.22. Besides these, the trailing price-to-sales (P/S) ratio of 2.41, the price-to-book (PB) ratio of 1.66, and the price-to-cash flow ratio of 19.69 may also be considered.

The latest dividend of $0.79 per share was paid out, remained unchanged from last year’s $0.79. On Thursday January 20 2022, a $0.0150 dividend increase was announced.

Financial Health

In the three months ended March 30, Consolidated Edison Inc.’s quick ratio stood at 0.90, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.13, and the total debt-to-equity ratio was 1.22. On the profitability front, the trailing twelve-month gross margin is 81.50% percent. In the year ended March 30, operating margins totaled 17.40%. Based on annual data, ED earned $2.83 billion in gross profit and brought in $13.68 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.90%. Return on equity (ROE) for the past 12 months was 6.80%.

In Consolidated Edison Inc.’s quarter-end financial report for March 30, it reported total debt of $22.58 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ED’s revenue rose 9.43% to $3.42 billion during the quarter, while net income inched up to $4.06 billion. While analysts expected Consolidated Edison Inc. to report $1.48 quarterly earnings, the actual figure was $1.47 per share, beating the consensus estimate by -0.70%. During the quarter, the company generated $1.33 billion in EBITDA. The liabilities of Consolidated Edison Inc. were 43.11 billion at the end of its most recent quarter ended March 30, and its total debt was $25.47 billion. The value of shareholders’ equity is $354.3 million.

Technical Picture

This quick technical analysis looks at Consolidated Edison Inc.’s (ED) price momentum. With a historical volatility rate of 17.33%, the RSI 9-day stood at 48.52% on 12 May.

With respect to its five-day moving average, the current Consolidated Edison Inc. price is up by +0.05% percent or $0.05. At present, ED shares trade -4.08% below its 20-day simple moving average and +11.89% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.50% above its SMA50 and +26.18% above its SMA200.

Stochastic coefficient K was 49.35% and Stochastic coefficient D was 41.90%, while ATR was 2.30. Given the Stochastic reading of 48.35% for the 14-day period, the RSI (14) reading has been calculated as 49.34%. As of today, the MACD Oscillator reading stands at 0.65, while the 14-day reading stands at 0.49.

Analyst Ratings

Consolidated Edison Inc. downgraded its rating on Consolidated Edison Inc. (NYSE: ED) to an Underweight in a note to investors on May 03, 2022. The analysts firm previously had an Equal weight rating on the stock.Consolidated Edison Inc. (ED) has been rated Underweight by analysts. According to 8 brokerage firms, ED is a sell, and 6 firms recommend it is a Hold. There are 3 analysts who say the stock is underweight. A total of 0 analysts rate Consolidated Edison Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $89.00, the current consensus forecast for the stock is $72.00 – $100.00. Based on these forecasts, analysts predict Consolidated Edison Inc. (ED) will achieve an average price target of $87.27.


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