Consolidated Edison, Inc (NYSE: ED)’s stock price has plunge by 1.13relation to previous closing price of 98.36. Nevertheless, the company has seen a 3.13% surge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-13 that Consolidated Edison, a monopoly utility in NYC, is rated a Buy due to expected earnings growth and its status as a Dividend King. Despite a recent 5% share price dip, Con Edison’s Q3 earnings beat estimates, and the company revised its 2024 EPS guidance upward. Compared to peers, Con Edison’s net income margin and ROE lag, but its dividend yield remains competitive, making it attractive for income investors.
Is It Worth Investing in Consolidated Edison, Inc (NYSE: ED) Right Now?
Consolidated Edison, Inc (NYSE: ED) has a price-to-earnings ratio of 18.71x that is above its average ratio. Additionally, the 36-month beta value for ED is 0.35. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 11 rating it as “hold,” and 5 rating it as “sell.”
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The public float for ED is 345.75M and currently, short sellers hold a 1.88% ratio of that float. The average trading volume of ED on November 26, 2024 was 1.82M shares.
ED’s Market Performance
The stock of Consolidated Edison, Inc (ED) has seen a 3.13% increase in the past week, with a -4.90% drop in the past month, and a -0.12% fall in the past quarter. The volatility ratio for the week is 1.44%, and the volatility levels for the past 30 days are at 1.60% for ED. The simple moving average for the past 20 days is 0.91% for ED’s stock, with a 3.86% simple moving average for the past 200 days.
Analysts’ Opinion of ED
Many brokerage firms have already submitted their reports for ED stocks, with Citigroup repeating the rating for ED by listing it as a “Buy.” The predicted price for ED in the upcoming period, according to Citigroup is $116 based on the research report published on October 15, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see ED reach a price target of $108. The rating they have provided for ED stocks is “Hold” according to the report published on October 09th, 2024.
Barclays gave a rating of “Underweight” to ED, setting the target price at $92 in the report published on July 22nd of the current year.
ED Trading at -2.39% from the 50-Day Moving Average
After a stumble in the market that brought ED to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.68% of loss for the given period.
Volatility was left at 1.60%, however, over the last 30 days, the volatility rate increased by 1.44%, as shares sank -5.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.13% lower at present.
During the last 5 trading sessions, ED rose by +3.13%, which changed the moving average for the period of 200-days by +11.69% in comparison to the 20-day moving average, which settled at $98.57. In addition, Consolidated Edison, Inc saw 9.34% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ED starting from Miller Joseph, who purchase 1 shares at the price of $105.07 back on Sep 16 ’24. After this action, Miller Joseph now owns 1,203 shares of Consolidated Edison, Inc, valued at $97 using the latest closing price.
Miller Joseph, the VP & Controller of Consolidated Edison, Inc, purchase 1 shares at $90.27 during a trade that took place back on Jun 14 ’24, which means that Miller Joseph is holding 1,184 shares at $96 based on the most recent closing price.
Stock Fundamentals for ED
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.56 for the gross margin
The net margin for Consolidated Edison, Inc stands at 0.12. The total capital return value is set at 0.04. Equity return is now at value 8.59, with 2.77 for asset returns.
Based on Consolidated Edison, Inc (ED), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.18. The interest coverage ratio of the stock is 2.3.
Currently, EBITDA for the company is 6.06 billion with net debt to EBITDA at 4.46. When we switch over and look at the enterprise to sales, we see a ratio of 4.03. The receivables turnover for the company is 4.18for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.
Conclusion
In conclusion, Consolidated Edison, Inc (ED) has seen mixed performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
