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As of close of business last night, Consolidated Edison, Inc.’s stock clocked out at $95.92, up 0.04% from its previous closing price of $95.88. In other words, the price has increased by $0.04 from its previous closing price. On the day, 1.92 million shares were traded. ED stock price reached its highest trading level at $97.82 during the session, while it also had its lowest trading level at $95.5.
Ratios:
To gain a deeper understanding of ED’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 1.16 whereas as Long-Term Debt/Eq ratio is at 1.03.
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 the company, Barclays on July 22, 2024, Downgraded its rating to Underweight and sets its target price to $92 from $97 previously.
On January 03, 2024, Ladenburg Thalmann started tracking the stock assigning a Neutral rating and target price of $92.50.Ladenburg Thalmann initiated its Neutral rating on January 03, 2024, with a $92.50 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 14 ’24 when Miller Joseph bought 1 shares for $90.27 per share. The transaction valued at 96 led to the insider holds 1,184 shares of the business.
KILLIAN JOHN F sold 1,500 shares of ED for $145,680 on May 22 ’24. The Director now owns 38,496 shares after completing the transaction at $97.12 per share. On Apr 30 ’24, another insider, Hensley Jennifer, who serves as the SVP, Corporate Affairs of the company, bought 47 shares for $94.40 each. As a result, the insider paid 4,444 and bolstered with 246 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 33172494336 and an Enterprise Value of 58027466752. As of this moment, Consolidated’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.41, and their Forward P/E ratio for the next fiscal year is 17.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.28 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 3.991 whereas that against EBITDA is 11.036.
Stock Price History:
The Beta on a monthly basis for ED is 0.33, which has changed by 0.002927661 over the last 52 weeks, in comparison to a change of 0.17829525 over the same period for the S&P500. Over the past 52 weeks, ED has reached a high of $98.85, while it has fallen to a 52-week low of $80.46. The 50-Day Moving Average of the stock is 3.81%, while the 200-Day Moving Average is calculated to be 5.64%.
Shares Statistics:
It appears that ED traded 1.89M shares on average per day over the past three months and 1711810 shares per day over the past ten days. A total of 345.83M shares are outstanding, with a floating share count of 345.16M. Insiders hold about 0.20% of the company’s shares, while institutions hold 68.85% stake in the company. Shares short for ED as of 1721001600 were 6541660 with a Short Ratio of 3.46, compared to 1718323200 on 7523936. Therefore, it implies a Short% of Shares Outstanding of 6541660 and a Short% of Float of 2.4400001000000002.
Dividends & Splits
With its trailing 12-month dividend rate of 3.26, ED has a forward annual dividend rate of 3.28. Against a Trailing Annual Dividend Yield of 0.034000836The stock’s 5-year Average Dividend Yield is 3.67. The current Payout Ratio is 44.93% for ED, which recently paid a dividend on 2024-05-14 with an ex-dividend date of 1723593600. Stock splits for the company last occurred on 1989-07-03 when the company split stock in a 2:1 ratio.