After Hours
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. The stock was recently discussed on Yahoo Finance as it revealed that Con Edison to Attend Investor Meetings in Europe.
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Stocks Info
As a NYSE listed company, ED falls under the Utilities sector while operating within the Utilities – Regulated Electric industry segment. The current market capitalization of Consolidated Edison, Inc. is $30.71B. A total of 1.62 million shares were traded on the day, compared to an average of 1.76M shares.
In the most recent transaction, HOGLUND ROBERT N bought 156 shares of ED for 90.81 per share on Mar 29 ’24. After the transaction, the SVP & CFO now owns 45,052 company shares. In a previous transaction on Mar 29 ’24, Cawley Timothy bought 80 shares at 90.81 per share. ED shares that Chairman, President & CEO owns now total 86,412.
Among the insiders who bought shares, Sanchez Robert acquired of 73 shares on Mar 29 ’24 at a per-share price of $90.81. This resulted in the President & CEO, O&R holding 13,654 shares of ED after the transaction. In another insider transaction, Donnley Deneen L bought 43 shares at $90.81 per share on Mar 29 ’24. Company shares held by the SVP and General Counsel now total 19,223.
Dividend
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Consolidated Edison, Inc. pays an annual dividend of $3.26, resulting in a dividend yield of 3.67%, and it has a price to earnings (P/E) ratio of 12.38. 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.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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
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, 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.
