On Friday, Consolidated Edison, Inc (NYSE: ED) opened lower -1.74% from the last session, before settling in for the closing price of $96.50. Price fluctuations for ED have ranged from $85.85 to $107.75 over the past 52 weeks.
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Utilities Sector giant saw their annual sales surged by 3.81% over the last five years. Company’s average yearly earnings per share was noted 5.40% at the time writing. With a float of $345.80 million, this company’s outstanding shares have now reached $346.00 million.
The firm has a total of 14592 workers. Let’s measure their productivity. 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 Activity
A key investor’s attitude towards the stock of the Utilities – Regulated Electric industry is another important factor to consider. The insider ownership of Consolidated Edison, Inc is 0.19%, while institutional ownership is 69.02%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 5.40% 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
Check out the current performance indicators for Consolidated Edison, Inc (ED). In the past quarter, the stock posted a quick ratio of 0.93. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.15.
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)
Analysing the last 5-days average volume posted by the [Consolidated Edison, Inc, ED], we can find that recorded value of 2.79 million was better than the volume posted last year of 1.89 million. As of the previous 9 days, the stock’s Stochastic %D was 8.53%. Additionally, its Average True Range was 1.65.
During the past 100 days, Consolidated Edison, Inc’s (ED) raw stochastic average was set at 12.22%, which indicates a significant increase from 6.01% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.13% in the past 14 days, which was higher than the 16.70% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $101.13, while its 200-day Moving Average is $96.20. Now, the first resistance to watch is $96.22. This is followed by the second major resistance level at $97.63. The third major resistance level sits at $98.58. If the price goes on to break the first support level at $93.87, it is likely to go to the next support level at $92.92. Should the price break the second support level, the third support level stands at $91.51.
Consolidated Edison, Inc (NYSE: ED) Key Stats
There are currently 346,412K shares outstanding in the company with a market cap of 32.28 billion. Presently, the company’s annual sales total 14,663 M according to its annual income of 2,519 M. Last quarter, the company’s sales amounted to 4,092 M and its income totaled 588,000 K.
