There Is Still Room For Consolidated Edison Inc. (ED) to Improve Its Value – Let’s Wait for Clarity

Consolidated Edison Inc. (NYSE: ED) closed the day trading at $93.53 up 3.00% from the previous closing price of $90.81. In other words, the price has increased by $+2.72 from its previous closing price. On the day, 1959767 shares were traded. ED stock price reached its highest trading level at $93.57 during the session, while it also had its lowest trading level at $91.66.

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For a better understanding of ED, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 413.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 12.87. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 0.80. In the meantime, Its Debt-to-Equity ratio is 1.21 whereas as Long-Term Debt/Eq ratio is at 1.08.

Upgrades & Downgrades

On May 03, 2022, Wells Fargo Downgraded its rating to Underweight which previously was Equal Weight and also upped its target price recommendation from $85 to $94.

On April 26, 2022, Credit Suisse started tracking the stock assigning a Neutral rating and target price of $100.Credit Suisse initiated its Neutral rating on April 26, 2022, with a $100 target price.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 01 when Cawley Timothy bought 80 shares for $88.02 per share. The transaction valued at 7,042 led to the insider holds 18,773 shares of the business.

Shannon Nancy bought 5 shares of ED for $444 on Oct 31. The SVP Utility Shared Services now owns 207 shares after completing the transaction at $87.96 per share. On Oct 31, another insider, Sanchez Robert, who serves as the President & CEO, O&R of the company, bought 26 shares for $87.96 each. As a result, the insider paid 2,311 and bolstered with 9,295 shares of the company.

Valuation Measures:

As of this moment, Consolidated’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.62, and their Forward P/E ratio for the next fiscal year is 19.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.98. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.14 while its Price-to-Book (P/B) ratio in mrq is 1.60.

Stock Price History:

Over the past 52 weeks, ED has reached a high of $102.21, while it has fallen to a 52-week low of $76.42. The 50-Day Moving Average of the stock is 89.13, while the 200-Day Moving Average is calculated to be 92.65.

Shares Statistics:

Over the past 3-months, ED traded about 1.68M shares per day on average, while over the past 10 days, ED traded about 1.96M shares per day. A total of 354.60M shares are outstanding, with a floating share count of 354.43M. Insiders hold about 0.10% of the company’s shares, while institutions hold 68.50% stake in the company. Shares short for ED as of Oct 13, 2022 were 7.67M with a Short Ratio of 7.82M, compared to 7.62M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 2.16% and a Short% of Float of 2.87%.

Dividends & Splits

ED’s forward annual dividend rate is 3.16, up from 3.06 a year ago. Against a Trailing Annual Dividend Yield of 3.37%, it implies a Forward Annual Dividend Yield of 3.66%. The stock’s 5-year Average Dividend Yield is 3.67. The current Payout Ratio is 65.80% for ED, which recently paid a dividend on Dec 14, 2022 with an ex-dividend date of Nov 14, 2022. Stock splits for the company last occurred on Jul 02, 1989 when the company split stock in a 2:1 ratio.

Earnings Estimates

Current recommendations for the stock of the company come from 11 analysts. On average, analysts expect EPS of $1.46 for the current quarter, with a high estimate of $1.54 and a low estimate of $1.37, while EPS last year was $1.41. The consensus estimate for the next quarter is $0.96, with high estimates of $1.05 and low estimates of $0.83.

Analysts are recommending an EPS of between $4.58 and $4.45 for the fiscal current year, implying an average EPS of $4.51. EPS for the following year is $4.8, with 17 analysts recommending between $5.01 and $4.64.

Revenue Estimates

6 analysts predict $3.69B in revenue for the current quarter. It ranges from a high estimate of $3.88B to a low estimate of $3.58B. As of the current estimate, Consolidated Edison Inc.’s year-ago sales were $3.61B, an estimated increase of 2.20% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $3.11B, a decrease of -9.10% less than the figure of $2.20% in the same quarter last year. There is a high estimate of $3.67B for the next quarter, whereas the lowest estimate is $2.61B.

A total of 13 analysts have provided revenue estimates for ED’s current fiscal year. The highest revenue estimate was $15.03B, while the lowest revenue estimate was $13.66B, resulting in an average revenue estimate of $14.26B. In the same quarter a year ago, actual revenue was $13.68B, up 4.30% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $14.52B in the next fiscal year. The high estimate is $15.66B and the low estimate is $13.66B. The average revenue growth estimate for next year is up 1.80% from the average revenue estimate for this year.