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In the latest session, Consolidated Edison, Inc. (NYSE: ED) closed at $101.58 down -0.77% from its previous closing price of $102.37. In other words, the price has decreased by -$0.77 from its previous closing price. On the day, 1.18 million shares were traded. ED stock price reached its highest trading level at $103.16 during the session, while it also had its lowest trading level at $101.502.
Ratios:
For a deeper understanding of Consolidated Edison, Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 1.23 whereas as Long-Term Debt/Eq ratio is at 1.10.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on October 09, 2024, initiated with a Hold rating and assigned the stock a target price of $108.
On July 22, 2024, Barclays Downgraded its rating to Underweight which previously was Equal Weight and also lowered its target price recommendation from $97 to $92.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 16 ’24 when Miller Joseph bought 1 shares for $105.07 per share. The transaction valued at 97 led to the insider holds 1,203 shares of the business.
Miller Joseph bought 1 shares of ED for $96 on Jun 14 ’24. The VP & Controller now owns 1,184 shares after completing the transaction at $90.27 per share. On May 22 ’24, another insider, KILLIAN JOHN F, who serves as the Director of the company, sold 1,500 shares for $97.12 each. As a result, the insider received 145,680 and left with 38,496 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ED now has a Market Capitalization of 35161612288 and an Enterprise Value of 60495089664. As of this moment, Consolidated’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.76, and their Forward P/E ratio for the next fiscal year is 18.07. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.61. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.37 while its Price-to-Book (P/B) ratio in mrq is 1.63. Its current Enterprise Value per Revenue stands at 4.084 whereas that against EBITDA is 11.253.
Stock Price History:
Over the past 52 weeks, ED has reached a high of $105.99, while it has fallen to a 52-week low of $85.15. The 50-Day Moving Average of the stock is -0.71%, while the 200-Day Moving Average is calculated to be 7.91%.
Shares Statistics:
For the past three months, ED has traded an average of 1.66M shares per day and 1314300 over the past ten days. A total of 346.15M shares are outstanding, with a floating share count of 345.48M. Insiders hold about 0.19% of the company’s shares, while institutions hold 69.65% stake in the company. Shares short for ED as of 1727654400 were 6697751 with a Short Ratio of 4.04, compared to 1724976000 on 6442790. Therefore, it implies a Short% of Shares Outstanding of 6697751 and a Short% of Float of 2.5.
Dividends & Splits
According to the company, the forward annual dividend rate for ED is 3.30, from 3.28 in the trailing year. Against a Trailing Annual Dividend Yield of 0.032040637The stock’s 5-year Average Dividend Yield is 3.67.
