As of Thursday close, Consolidated Edison Inc.’s (NYSE:ED) stock was down -$0.64, moving down -0.70 percent to $90.86. The average number of shares traded per day over the past five days has been 1,875,860 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.52 fall in that time frame. In the last twenty days, the average volume was 1,715,650, while in the previous 50 days, it was 1,761,844.
Since last month, ED stock rose 1.66%. Shares of the company fell to $86.21 on 09/06/23, the lowest level in the past month. A 52-week high of $100.92 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 -4.67% or -$4.45, and marked a new high 11 times. However, the stock has declined by -9.97% since its 52-week high.
ED stock investors should be aware that Consolidated Edison Inc. (ED) stock had its last reported insider trading activity 7 days ago on Sep 15. Miller Joseph, the VP & Controller of the company, purchased of 1 shares for $92.14 on Sep 15. It resulted in a $91 investment by the insider. Cawley Timothy added 26 shares at an average price of $88.96 on Aug 31. The insider now owns 19,765 shares following the transaction. On Aug 31, SVP & CFO HOGLUND ROBERT N bought 26 shares at $88.96 apiece. The transaction was valued at $2,315.
Valuation Metrics
Right now, Consolidated Edison Inc. (ED) has a P/E ratio of about 13.07. The stock’s beta is 0.36. Besides these, the trailing price-to-sales (P/S) ratio of 2.04, 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 1.00, while its current ratio was 1.00, 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 1.12. On the profitability front, the trailing twelve-month gross margin is 76.10% 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 11.90%.
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 $23.84 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 11.80%, the RSI 9-day stood at 53.57% on 21 September.
With respect to its five-day moving average, the current Consolidated Edison Inc. price is down by -1.65% percent or -$1.52. At present, ED shares trade +0.91% above its 20-day simple moving average and -7.73% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.40% below its SMA50 and -6.67% below its SMA200.
Stochastic coefficient K was 72.29% and Stochastic coefficient D was 74.58%, while ATR was 1.38. Given the Stochastic reading of 67.69% for the 14-day period, the RSI (14) reading has been calculated as 52.21%. As of today, the MACD Oscillator reading stands at 0.03, while the 14-day reading stands at 1.19.
Analyst Ratings
Barclays launched its rating on Consolidated Edison Inc. (NYSE: ED) to an Equal weight in a note to investors on August 23, 2023. Consolidated Edison Inc. (ED) has been rated Hold by analysts. According to 6 brokerage firms, ED is a sell, and 9 firms recommend it is a Hold. There are 0 analysts 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 $75.00 – $103.00. Based on these forecasts, analysts predict Consolidated Edison Inc. (ED) will achieve an average price target of $87.79.
