A new trading day began on Tuesday, with Consolidated Edison, Inc (NYSE: ED) stock price up 2.24% from the previous day of trading, before settling in for the closing price of $99.47. ED’s price has ranged from $85.85 to $107.75 over the past 52 weeks.
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A company in the Utilities sector has jumped its sales by 3.81% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 5.30%. With a float of $345.75 million, this company’s outstanding shares have now reached $346.41 million.
In an organization with 14592 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 56.29%, operating margin of 17.58%, and the pretax margin is 14.78%.
Consolidated Edison, Inc (ED) Insider and Institutional Ownership
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 69.13%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 5.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.79% 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 0.93. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.32, a number that is poised to hit 0.95 in the next quarter and is forecasted to reach 5.62 in one year’s time.
Technical Analysis of Consolidated Edison, Inc (ED)
Let’s dig in a bit further. During the last 5-days, its volume was 2.24 million. That was better than the volume of 1.88 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 92.58%. Additionally, its Average True Range was 1.61.
During the past 100 days, Consolidated Edison, Inc’s (ED) raw stochastic average was set at 69.04%, which indicates a significant decrease from 98.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.28% in the past 14 days, which was higher than the 17.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $101.85, while its 200-day Moving Average is $95.83. However, in the short run, Consolidated Edison, Inc’s stock first resistance to watch stands at $102.49. Second resistance stands at $103.28. The third major resistance level sits at $104.74. If the price goes on to break the first support level at $100.23, it is likely to go to the next support level at $98.77. The third support level lies at $97.98 if the price breaches the second support level.
Consolidated Edison, Inc (NYSE: ED) Key Stats
With a market capitalization of 35.23 billion, the company has a total of 346,412K Shares Outstanding. Currently, annual sales are 14,663 M while annual income is 2,519 M. The company’s previous quarter sales were 4,092 M while its latest quarter income was 588,000 K.
