Stocks of Consolidated Edison, Inc. (NYSE:ED) traded higher last session on Wall Street, up 1.04% to $106.76.
ED stock price is now 3.86% away from the 50-day moving average and 12.92% away from the 200-day moving average. The market capitalization of the company currently stands at $36.95B.
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With the price target enhanced from $103 to $116, Citigroup Upgraded its rating from Neutral to Buy for Consolidated Edison, Inc. (NYSE: ED). On October 09, 2024, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $108, while ‘Barclays’ rates the stock as ‘Underweight’
In other news, Miller Joseph, VP & Controller bought 1 shares of the company’s stock on Sep 16 ’24. The stock was bought for $97 at an average price of $105.07. Upon completion of the transaction, the VP & Controller now directly owns 1,203 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14 ’24, VP & Controller Miller Joseph bought 1 shares of the business’s stock. A total of $96 was incurred on buying the stock at an average price of $90.27. This leaves the insider owning 1,184 shares of the company worth $0.13 million. A total of 0.19% of the company’s stock is owned by insiders.
During the past 12 months, Consolidated Edison, Inc. has had a low of $85.85 and a high of $106.45. As of last week, the company has a debt-to-equity ratio of 1.23, a current ratio of 1.04, and a quick ratio of 0.97. According to the stock market information, the enterprise value for the company is $62014676992, which is based on a 20.76 price-to-earnings ratio, a 3.72 price-to-earnings-growth ratio, and a beta of 0.35. The fifty day moving average price for ED is $102.7884 and a two-hundred day moving average price translates $94.54575 for the stock.
The latest earnings results from Consolidated Edison, Inc. (NYSE: ED) was released for 2024-06-30. The net profit margin was 12.04% and return on equity was 8.42% for ED. The company reported revenue of $3.22 billion for the quarter, compared to $2.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.38 percent.
