At the last check on Monday, Consolidated Edison Inc.’s (NYSE:ED) stock was down -$1.02, moving down -1.13 percent to $89.31. The average number of shares traded per day over the past five days has been 2,508,160 shares. 1 time new highs have been achieved over the past 5 days, with a -$6.33 fall in that time frame. In the last twenty days, the average volume was 1,807,425, while in the previous 50 days, it was 1,909,658.
Since last month, ED stock retreated -3.10%. Shares of the company fell to $88.70 on 08/04/23, the lowest level in the past month. A 52-week high of $102.21 was reached on 04/25/23 after having rallying from a 52-week low of $78.10. Since the beginning of this year, ED’s stock price has dropped by -6.30% or -$6.00, and marked a new high 11 times. However, the stock has declined by -12.62% since its 52-week high.
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ED stock investors should be aware that Consolidated Edison Inc. (ED) stock had its last reported insider trading activity 5 days ago on Jul 31. Cawley Timothy, the Chairman, President & CEO of the company, purchased of 24 shares for $94.86 on Jul 31. It resulted in a $2,316 investment by the insider. HOGLUND ROBERT N added 24 shares at an average price of $94.86 on Jul 31. The insider now owns 44,458 shares following the transaction. On Jul 31, SVP and General Counsel Donnley Deneen L bought 24 shares at $94.86 apiece. The transaction was valued at $2,313.
Valuation Metrics
Right now, Consolidated Edison Inc. (ED) has a P/E ratio of about 12.72. The stock’s beta is 0.37. Besides these, the trailing price-to-sales (P/S) ratio of 1.93, the price-to-book (PB) ratio of 1.51.
The latest dividend of $0.81 per share was paid out, remained unchanged from last year’s $0.81. On Thursday January 19 2023, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, Consolidated Edison Inc.’s quick ratio stood at 1.10, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.99, and the total debt-to-equity ratio was 1.04. On the profitability front, the trailing twelve-month gross margin is 75.20% percent. In the year ended June 29, EBITDA margin amounted to 29.82%, whereas operating margins totaled 22.30%. Based on annual data, ED earned $2.62 billion in gross profit and brought in $15.67 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 4.80%. Return on equity (ROE) for the past 12 months was 12.10%.
In Consolidated Edison Inc.’s quarter-end financial report for June 29, it reported total debt of $20.65 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 fell -16.0% to $4.4 billion during the quarter, while net income inched up to $2.94 billion. While analysts expected Consolidated Edison Inc. to report $0.61 quarterly earnings, the actual figure was $0.61 per share. During the quarter, the company generated $779.0 million in EBITDA. The liabilities of Consolidated Edison Inc. were 42.97 billion at the end of its most recent quarter ended June 29, and its total debt was $23.83 billion. The value of shareholders’ equity is $344.92 million.
Technical Picture
This quick technical analysis looks at Consolidated Edison Inc.’s (ED) price momentum. With a historical volatility rate of 15.90%, the RSI 9-day stood at 24.43% on 04 August.
With respect to its five-day moving average, the current Consolidated Edison Inc. price is down by -6.62% percent or -$6.33. At present, ED shares trade -2.96% below its 20-day simple moving average and -3.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.87% below its SMA50 and +7.58% above its SMA200.
Stochastic coefficient K was 11.35% and Stochastic coefficient D was 21.45%, while ATR was 1.95. Given the Stochastic reading of 6.01% for the 14-day period, the RSI (14) reading has been calculated as 32.83%. As of today, the MACD Oscillator reading stands at -3.21, while the 14-day reading stands at -3.55.
Analyst Ratings
BofA Securities upgraded its rating on Consolidated Edison Inc. (NYSE: ED) to a Buy in a note to investors on July 21, 2023. The analysts firm previously had a Neutral rating on the stock.Consolidated Edison Inc. (ED) has been rated Underweight by analysts. According to 6 brokerage firms, ED is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Consolidated Edison Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $88.00, the current consensus forecast for the stock is $74.00 – $103.00. Based on these forecasts, analysts predict Consolidated Edison Inc. (ED) will achieve an average price target of $89.85.
