Consolidated Edison, Inc. (ED) concluded trading on Wednesday at a closing price of $90.33, with 2.91 million shares of worth about $263.11 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.88% during that period and on April 17, 2024 the price saw a gain of about 3.33%. Currently the company’s common shares owned by public are about 345.00M shares, out of which, 344.91M shares are available for trading.
However, the stock later moved at a day high price of 89.33, or with a gain of 3.33%. Stock saw a price change of 1.62% in past 5 days and over the past one month there was a price change of 1.51%. Year-to-date (YTD), ED shares are showing a performance of -0.70% which decreased to -7.70% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $80.46 but also hit the highest price of $100.92 during that period. The average intraday trading volume for Consolidated Edison, Inc. shares is 1.77 million. The stock is currently trading 1.04% above its 20-day simple moving average (SMA20), while that difference is up 1.63% for SMA50 and it goes to 0.36% higher than SMA200.
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Consolidated Edison, Inc. (NYSE: ED) currently have 345.00M outstanding shares and institutions hold larger chunk of about 67.94% of that.
The stock has a current market capitalization of $31.21B and its 3Y-monthly beta is at 0.36. PE ratio of stock for trailing 12 months is 12.58, while it has posted earnings per share of $7.18 in the same period. Its PEG reads 2.22 and has Quick Ratio of 0.94 while making debt-to-equity ratio of 1.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ED, volatility over the week remained 1.94% while standing at 1.54% over the month.
Stock’s fiscal year EPS is expected to rise by 4.79% while it is estimated to increase by 5.35% in next year. EPS is likely to shrink at an annualized rate of 5.66% for next 5-years, compared to annual growth of 10.30% made by the stock over the past 5-years.
Coverage by Ladenburg Thalmann stated Consolidated Edison, Inc. (ED) stock as a Neutral in their note to investors on January 03, 2024, suggesting a price target of $92.50 for the stock. On October 17, 2023, Wells Fargo Upgrade their recommendations, while on August 23, 2023, Barclays Initiated their ratings for the stock with a price target of $88. Stock get a Buy rating from BofA Securities on July 21, 2023.
