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Consolidated Edison, Inc. (NYSE: ED) closed the day trading at $100.86 down -0.73% from the previous closing price of $101.60. In other words, the price has decreased by -$0.73 from its previous closing price. On the day, 1.64 million shares were traded. ED stock price reached its highest trading level at $101.49 during the session, while it also had its lowest trading level at $99.88.
Ratios:
For a better understanding of ED, let’s look at its different 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 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:
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 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, Sanchez Robert, who serves as the Pres. CECONY, Shared Services of the company, bought 24 shares for $94.40 each. As a result, the insider paid 2,311 and bolstered with 13,679 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 34912387072 and an Enterprise Value of 59972407296. 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 17.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.36 while its Price-to-Book (P/B) ratio in mrq is 1.62. Its current Enterprise Value per Revenue stands at 4.049 whereas that against EBITDA is 11.156.
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 $80.46. The 50-Day Moving Average of the stock is 7.75%, while the 200-Day Moving Average is calculated to be 10.08%.
Shares Statistics:
Over the past 3-months, ED traded about 1.87M shares per day on average, while over the past 10 days, ED traded about 2145840 shares per day. A total of 346.15M shares are outstanding, with a floating share count of 345.47M. Insiders hold about 0.20% of the company’s shares, while institutions hold 70.82% stake in the company. Shares short for ED as of 1722384000 were 6354808 with a Short Ratio of 3.40, compared to 1719532800 on 7606357. Therefore, it implies a Short% of Shares Outstanding of 6354808 and a Short% of Float of 2.3699999.
Dividends & Splits
ED’s forward annual dividend rate is 4.11, up from 3.28 a year ago. Against a Trailing Annual Dividend Yield of 0.03254937The stock’s 5-year Average Dividend Yield is 3.67.
