Consolidated Edison, Inc. (ED) concluded trading on Thursday ata closing price of $99.23, with 2.76 million shares of worth about $273.62 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.27% during that period and on August 15, 2024 the price saw a loss of about -1.62%. Currently the company’s common shares owned by public are about 346.15M shares, out of which, 345.47M shares are available for trading.
Stock saw a price change of -1.26% in past 5 days and over the past one month there was a price change of 5.83%. Year-to-date (YTD), ED shares are showing a performance of 9.08% which increased to 13.17% 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 $105.99 during that period. The average intraday trading volume for Consolidated Edison, Inc. shares is 1.87 million. The stock is currently trading 0.87% above its 20-day simple moving average (SMA20), while that difference is up 5.84% for SMA50 and it goes to 8.23% higher than SMA200.
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Consolidated Edison, Inc. (NYSE: ED) currently have 346.15M outstanding shares and institutions hold larger chunk of about 70.69% of that.
The stock has a current market capitalization of $34.35B and its 3Y-monthly beta is at 0.34. PE ratio of stock for trailing 12 months is 19.30, while it has posted earnings per share of $5.14 in the same period. Its PEG reads 3.39 and has Quick Ratio of 0.97 while making debt-to-equity ratio of 1.23. 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 1.63% while standing at 1.94% over the month.
Stock’s fiscal year EPS is expected to rise by 4.66% while it is estimated to increase by 5.87% in next year. EPS is likely to shrink at an annualized rate of 5.70% for next 5-years, compared to annual growth of 10.30% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on July 22, 2024 offering an Underweight rating for the stock and assigned a target price range of between $97 and $92 to it. On January 03, 2024, Ladenburg Thalmann Initiated their recommendations, while on October 17, 2023, Wells Fargo Upgrade their ratings for the stock with a price target of $94. Stock get an Equal weight rating from Barclays on August 23, 2023.
