A new trading day began on Tuesday, with Consolidated Edison, Inc. (NYSE: ED) stock price down -0.53% from the previous day of trading, before settling in for the closing price of $106.26. ED’s price has ranged from $85.85 to $107.10 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 3.81%. Meanwhile, its annual earnings per share averaged 4.81%. With a float of $345.48 million, this company’s outstanding shares have now reached $346.15 million.
Considering the fact that the conglomerate employs 14592 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 55.55%, operating margin of 16.9%, and the pretax margin is 14.65%.
Consolidated Edison, Inc. (ED) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Regulated Electric Industry. The insider ownership of Consolidated Edison, Inc. is 0.19%, while institutional ownership is 69.63%. The most recent insider transaction that took place on Sep 16 ’24, was worth 97. In this transaction VP & Controller of this company bought 1 shares at a rate of $105.07, taking the stock ownership to the 1,203 shares. Before that another transaction happened on Jun 14 ’24, when Company’s VP & Controller bought 1 for $90.27, making the entire transaction worth $96. This insider now owns 1,184 shares in total.
Consolidated Edison, Inc. (ED) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.62 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.95 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.81% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.58% during the next five years compared to 10.30% growth over the previous five years of trading.
Consolidated Edison, Inc. (NYSE: ED) Trading Performance Indicators
Here are Consolidated Edison, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.97. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.47.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.14, a number that is poised to hit 1.58 in the next quarter and is forecasted to reach 5.62 in one year’s time.
Technical Analysis of Consolidated Edison, Inc. (ED)
Compared to the last year’s volume of 1.84 million, its volume of 2.52 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 87.02%. Additionally, its Average True Range was 1.58.
During the past 100 days, Consolidated Edison, Inc.’s (ED) raw stochastic average was set at 92.59%, which indicates a significant increase from 77.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.31% in the past 14 days, which was higher than the 15.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $102.97, while its 200-day Moving Average is $94.67. Nevertheless, the first resistance level for the watch stands at $106.25 in the near term. At $106.79, the stock is likely to face the second major resistance level. The third major resistance level sits at $107.60. If the price goes on to break the first support level at $104.90, it is likely to go to the next support level at $104.09. Now, if the price goes above the second support level, the third support stands at $103.55.
Consolidated Edison, Inc. (NYSE: ED) Key Stats
With a market capitalization of 36.59 billion, the company has a total of 345,835K Shares Outstanding. Currently, annual sales are 14,663 M while annual income is 2,519 M. The company’s previous quarter sales were 3,220 M while its latest quarter income was 202,000 K.
