Consolidated Edison, Inc (ED) concluded trading on Wednesday at a closing price of $96.62, with 5.09 million shares of worth about $491.86 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.34% during that period and on December 04, 2024 the price saw a loss of about -0.93%. Currently the company’s common shares owned by public are about 346.00M shares, out of which, 345.75M shares are available for trading.
Stock saw a price change of -5.00% in past 5 days and over the past one month there was a price change of -2.55%. Year-to-date (YTD), ED shares are showing a performance of 6.21% which increased to 5.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $85.85 but also hit the highest price of $107.75 during that period. The average intraday trading volume for Consolidated Edison, Inc shares is 1.88 million. The stock is currently trading -1.49% below its 20-day simple moving average (SMA20), while that difference is down -4.74% for SMA50 and it goes to 0.52% higher than SMA200.
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Consolidated Edison, Inc (NYSE: ED) currently have 346.00M outstanding shares and institutions hold larger chunk of about 69.12% of that.
The stock has a current market capitalization of $33.47B and its 3Y-monthly beta is at 0.35. PE ratio of stock for trailing 12 months is 18.18, while it has posted earnings per share of $5.32 in the same period. Its PEG reads 3.14 and has Quick Ratio of 0.93 while making debt-to-equity ratio of 1.20. 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 1.60% over the month.
Stock’s fiscal year EPS is expected to rise by 5.40% while it is estimated to increase by 5.19% in next year. EPS is likely to shrink at an annualized rate of 5.79% 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 Citigroup on October 15, 2024 offering a Buy rating for the stock and assigned a target price range of between $103 and $116 to it. Coverage by Jefferies stated Consolidated Edison, Inc (ED) stock as a Hold in their note to investors on October 09, 2024, suggesting a price target of $108 for the stock. Stock get a Neutral rating from Ladenburg Thalmann on January 03, 2024.
