Consolidated Edison, Inc. (NYSE: ED) on Friday, plunged -2.24% from the previous trading day, before settling in for the closing price of $107.00. Within the past 52 weeks, ED’s price has moved between $85.85 and $107.75.
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During the last 5-year period, the sales growth of Utilities Sector giant was 3.81%. The company achieved an average annual earnings per share of 4.91%. With a float of $345.48 million, this company’s outstanding shares have now reached $346.15 million.
Let’s determine the extent of company efficiency that accounts for 14592 employees. 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
Observing investor behavior towards Utilities – Regulated Electric industry stocks is more important than anything else. The insider ownership of Consolidated Edison, Inc. is 0.19%, while institutional ownership is 69.74%. 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
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.62 earnings per share (EPS) for the period topping the consensus outlook (set at 1.6) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.97 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.91% 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
Consolidated Edison, Inc. (ED) is currently performing well based on its current performance indicators. A quick ratio of 0.97 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.14, a number that is poised to hit 1.59 in the next quarter and is forecasted to reach 5.62 in one year’s time.
Technical Analysis of Consolidated Edison, Inc. (ED)
Looking closely at Consolidated Edison, Inc. (NYSE: ED), its last 5-days average volume was 1.43 million, which is a drop from its year-to-date volume of 1.83 million. As of the previous 9 days, the stock’s Stochastic %D was 63.53%. Additionally, its Average True Range was 1.65.
During the past 100 days, Consolidated Edison, Inc.’s (ED) raw stochastic average was set at 83.88%, which indicates a significant increase from 51.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.51% in the past 14 days, which was higher than the 16.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $103.31, while its 200-day Moving Average is $94.86. However, in the short run, Consolidated Edison, Inc.’s stock first resistance to watch stands at $106.51. Second resistance stands at $108.42. The third major resistance level sits at $109.42. If the price goes on to break the first support level at $103.59, it is likely to go to the next support level at $102.59. Now, if the price goes above the second support level, the third support stands at $100.68.
Consolidated Edison, Inc. (NYSE: ED) Key Stats
Market capitalization of the company is 36.21 billion based on 345,835K outstanding shares. Right now, sales total 14,663 M and income totals 2,519 M. The company made 3,220 M in profit during its latest quarter, and 202,000 K in sales during its previous quarter.
