After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted CON EDISON REPORTS 2023 EARNINGS.
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Stocks Info
ED belongs to the Utilities sector of the NYSE while operating in the Utilities – Regulated Electric industry. At the end of the last regular session, the stock closed at $88.99 and fluctuated between $90.79 as its day high and $88.66 as its day low. The current market capitalization of Consolidated Edison, Inc. is $30.75B. A total of 2.04 million shares were traded on the day, compared to an average of 1.87M shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, ED has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 94 BUYs and 1 SELLs from insiders. Insiders purchased 21,180 shares during that period but sold 242.
In the most recent transaction, Cawley Timothy bought 25 shares of ED for 90.90 per share on Jan 31. After the transaction, the Chairman, President & CEO now owns 20,242 company shares. In a previous transaction on Jan 31, HOGLUND ROBERT N bought 25 shares at 90.90 per share. ED shares that SVP & CFO owns now total 44,869.
Among the insiders who bought shares, Donnley Deneen L acquired of 25 shares on Jan 31 at a per-share price of $90.90. This resulted in the SVP and General Counsel holding 8,361 shares of ED after the transaction. In another insider transaction, Sanchez Robert bought 25 shares at $90.90 per share on Jan 31. Company shares held by the President & CEO, O&R now total 13,472.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Consolidated Edison, Inc. pays an annual dividend of $3.26, resulting in a dividend yield of 3.66%, and it has a price to earnings (P/E) ratio of 12.39. ED’s most recent ex-dividend date was 2/13/2024 when it declared a $0.83 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/14/2023. The ED stock dividend was $0.81 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, ED has a high of $100.92 and a low of $80.46.
As of this writing, ED has an earnings estimate of $1.84 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $2.01 per share and a lower estimate of $1.73. The company reported an EPS of $1.62 in the last quarter, which was 1.30% higher than expectations of $1.6.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $61.33, while its Total Shareholder’s Equity was $20.34B.
Analysts Opinion
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. 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 2.60.
