How Much Does Consolidated Edison Inc. (ED) Pay Out In Dividends?

As of Friday close, Consolidated Edison Inc.’s (NYSE:ED) stock was down -$0.24, moving down -0.25 percent to $97.19. The average number of shares traded per day over the past five days has been 2,063,700 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.08 fall in that time frame. In the last twenty days, the average volume was 1,691,500, while in the previous 50 days, it was 1,808,802.

Since last month, ED stock rose 5.30%. Shares of the company fell to $89.79 on 07/21/22, the lowest level in the past month. A 52-week high of $101.12 was reached on 05/26/22 after having rallying from a 52-week low of $71.52. Since the beginning of this year, ED’s stock price has risen by 13.91% or $11.87, and marked a new high 25 times. However, the stock has declined by -3.88% since its 52-week high.

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Consolidated Edison Inc. (ED) last reported insider trading activity 5 days ago on Aug 01. Cawley Timothy, the Chairman, President & CEO of the company, purchased of 80 shares for $99.03 on Aug 01. It resulted in a $7,922 investment by the insider. Shannon Nancy added 4 shares at an average price of $99.27 on Jul 31. The insider now owns 193 shares following the transaction. On Jul 31, President & CEO, O&R Sanchez Robert bought 23 shares at $99.27 apiece. The transaction was valued at $2,311.

Valuation Metrics

Right now, Consolidated Edison Inc. (ED) has a P/E ratio of about 22.46. The stock’s beta is 0.24. Besides these, the trailing price-to-sales (P/S) ratio of 2.36, the price-to-book (PB) ratio of 1.69, and the price-to-cash flow ratio of 18.15 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 1.11, and the total debt-to-equity ratio was 1.19. On the profitability front, the trailing twelve-month gross margin is 80.60% percent. In the year ended March 30, operating margins totaled 17.70%. 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 7.60%.

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 lower 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 $926.0 million in EBITDA. The liabilities of Consolidated Edison Inc. were 44.45 billion at the end of its most recent quarter ended March 30, and its total debt was $25.19 billion. The value of shareholders’ equity is $354.58 million.

Technical Picture

This quick technical analysis looks at Consolidated Edison Inc.’s (ED) price momentum. With a historical volatility rate of 17.44%, the RSI 9-day stood at 59.88% on 05 August.

With respect to its five-day moving average, the current Consolidated Edison Inc. price is down by -2.10% percent or -$2.08. At present, ED shares trade +5.68% above its 20-day simple moving average and +8.57% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.19% below its SMA50 and +31.82% above its SMA200.

Stochastic coefficient K was 78.07% and Stochastic coefficient D was 80.99%, while ATR was 1.85. Given the Stochastic reading of 74.22% for the 14-day period, the RSI (14) reading has been calculated as 58.59%. As of today, the MACD Oscillator reading stands at 0.03, while the 14-day reading stands at 1.99.

Analyst Ratings

Guggenheim upgraded its rating on Consolidated Edison Inc. (NYSE: ED) to a Neutral in a note to investors on May 23, 2022. The analysts firm previously had a Sell rating on the stock.Consolidated Edison Inc. (ED) has been rated Underweight by analysts. According to 6 brokerage firms, ED is a sell, and 7 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 $75.00 – $99.00. Based on these forecasts, analysts predict Consolidated Edison Inc. (ED) will achieve an average price target of $88.00.


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