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Saturday, June 3, 2023

Today, Consolidated Edison Inc. (NYSE: ED) Takes Center Stage

After Hours

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. After-hours trades for Consolidated Edison Inc. (ED) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $99.52. The Consolidated Edison Inc. has recorded 103,712 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that CON EDISON REPORTS 2023 FIRST QUARTER EARNINGS.

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Stocks Info

The company is listed on the NYSE and operates within the Utilities – Regulated Electric industry segment. At the end of the last regular session, the stock closed at $99.52 and fluctuated between $100.08 as its day high and $98.85 as its day low. The current market capitalization of Consolidated Edison Inc. is $34.29B. A total of 1.62 million shares were traded on the day, compared to an average of 1.85M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ED has seen 33 BUY and 11 SELL insider trades, representing the acquisition of 138,782 and the disposition of 111,017 shares. Over the last 12 months, there were 150 BUYs and 11 SELLs from insiders. Insiders purchased 163,469 shares during that period but sold 111,017.

In the most recent transaction, Cawley Timothy bought 24 shares of ED for 98.47 per share on Apr 28. After the transaction, the Chairman, President & CEO now owns 19,496 company shares. In a previous transaction on Apr 28, HOGLUND ROBERT N bought 24 shares at 98.47 per share. ED shares that SVP & CFO owns now total 44,261.

Among the insiders who bought shares, Donnley Deneen L acquired of 23 shares on Apr 28 at a per-share price of $98.47. This resulted in the SVP and General Counsel holding 7,911 shares of ED after the transaction. In another insider transaction, Sanchez Robert bought 23 shares at $98.47 per share on Apr 28. Company shares held by the President & CEO, O&R now total 12,879.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Consolidated Edison Inc. pays an annual dividend of $3.24, resulting in a dividend yield of 3.26%, and it has a price to earnings (P/E) ratio of 21.32. ED’s most recent ex-dividend date was 5/16/2023 when it declared a $0.81 quarterly dividend that was paid in cash on 6/15/2023. Previously, the company paid the dividend on 3/15/2023 with an ex-dividend date of 2/14/2023. The ED stock dividend was $0.81 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ED in the last 3 months, the mean price target is $90.92 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 $1.67 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $1.83 per share and a lower estimate of $1.5. The company reported an EPS of $1.63 in the last quarter, which was 11.60% higher than expectations of $1.46.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ED’s latest balance sheet shows that the firm has $992.00M in Cash & Short Term Investments as of fiscal 2021. There were $25.36B in debt and $5.43B in liabilities at the time. Its Book Value Per Share was $58.31, while its Total Shareholder’s Equity was $20.34B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 2.09.

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