Consolidated Edison, Inc. (NYSE: ED) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Con Edison to Attend Investor Meetings in Europe.

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Stocks Info

Consolidated Edison, Inc. is listed on the NYSE in the Utilities sector while operating in the Utilities – Regulated Electric industry. The current market capitalization of Consolidated Edison, Inc. is $31.06B. A total of 1.4 million shares were traded on the day, compared to an average of 1.78M shares.

In the most recent transaction, Miller Joseph bought 1 shares of ED for 88.08 per share on Mar 15 ’24. After the transaction, the VP & Controller now owns 1,166 company shares. In a previous transaction on Feb 29 ’24, Cawley Timothy bought 27 shares at 87.21 per share. ED shares that Chairman, President & CEO owns now total 86,203.

Among the insiders who bought shares, HOGLUND ROBERT N acquired of 27 shares on Feb 29 ’24 at a per-share price of $87.21. This resulted in the SVP & CFO holding 44,896 shares of ED after the transaction. In another insider transaction, Donnley Deneen L bought 27 shares at $87.21 per share on Feb 29 ’24. Company shares held by the SVP and General Counsel now total 19,118.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Consolidated Edison, Inc. pays an annual dividend of $3.26, resulting in a dividend yield of 3.63%, and it has a price to earnings (P/E) ratio of 12.52. 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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. 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 $1.81 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $2.02 per share and a lower estimate of $1.43. 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $61.33, while its Total Shareholder’s Equity was $20.34B.

Analysts Opinion

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. 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.

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