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Wednesday, March 22, 2023

Taking On Challenges And Growing? – Consolidated Edison Inc. (ED)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Consolidated Edison Inc. (ED) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.68, or -0.73%, to $92.11. The Consolidated Edison Inc. has recorded 63,404 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Con Edison Announces $1 Billion Accelerated Share Repurchase.

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Stocks Info

This NYSE-listed company operates within the Utilities – Regulated Electric industry segment, falling under the Utilities sector. At the end of the last regular session, the stock closed at $92.79 and fluctuated between $95.67 as its day high and $90.56 as its day low. The current market capitalization of Consolidated Edison Inc. is $33.19B. A total of 2.77 million shares were traded on the day, compared to an average of 1.73M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ED has seen 36 BUY and 11 SELL insider trades, representing the acquisition of 139,061 and the disposition of 111,017 shares. Over the last 12 months, there were 156 BUYs and 13 SELLs from insiders. Insiders purchased 163,843 shares during that period but sold 111,118.

In the most recent transaction, Cawley Timothy bought 26 shares of ED for 89.35 per share on Feb 28. After the transaction, the Chairman, President, CEO now owns 19,287 company shares. In a previous transaction on Feb 28, HOGLUND ROBERT N bought 26 shares at 89.35 per share. ED shares that SVP & CFO owns now total 44,100.

Among the insiders who bought shares, Donnley Deneen L acquired of 26 shares on Feb 28 at a per-share price of $89.35. This resulted in the SVP and General Counsel holding 7,850 shares of ED after the transaction. In another insider transaction, Sanchez Robert bought 26 shares at $89.35 per share on Feb 28. Company shares held by the President & CEO, O&R now total 12,746.


The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Consolidated Edison Inc. pays an annual dividend of $3.24, resulting in a dividend yield of 3.49%, and it has a price to earnings (P/E) ratio of 19.87. ED’s most recent ex-dividend date was 2/14/2023 when it declared a $0.81 quarterly dividend that was paid in cash on 3/15/2023. Previously, the company paid the dividend on 12/15/2022 with an ex-dividend date of 11/15/2022. The ED stock dividend was $0.79 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ED in the last 3 months, the mean price target is $88.54 with high estimates of $103.00 and low estimates of $70.00. In terms of 52-week highs and lows, ED has a high of $102.21 and a low of $78.10.

As of this writing, ED has an earnings estimate of $0.8 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.84 per share and a lower estimate of $0.7. The company reported an EPS of $0.64 in the last quarter, which was 8.50% higher than expectations of $0.59.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 17 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ED is Underweight with a score of 2.20. A total of 0 analysts rated the stock as Buy while 0 rated it as Overweight while 10 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 5 thought it should be Sold.

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