Consolidated Edison, Inc (NYSE: ED)’s stock price has gone rise by 1.02 in comparison to its previous close of 88.47, however, the company has experienced a 1.13% increase in its stock price over the last five trading days. prnewswire.com reported 2025-01-07 that NEW YORK, Jan. 7, 2025 /PRNewswire/ — Consolidated Edison, Inc. (“Con Edison”) (NYSE: ED) executives will meet with investors at conferences in January 2025. A copy of Con Edison’s investor presentation for these meetings can be found on the Presentations & Webcasts page of Con Edison’s website (Select “For Investors” and then select “Presentation & Webcasts”).
Is It Worth Investing in Consolidated Edison, Inc (NYSE: ED) Right Now?
Consolidated Edison, Inc (NYSE: ED) has a higher price-to-earnings ratio of 16.81x compared to its average ratio, The 36-month beta value for ED is at 0.38. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 12 as “hold,” and 1 as “sell.”
The public float for ED is 345.73M, and currently, shorts hold a 4.31% of that float. The average trading volume for ED on January 15, 2025 was 2.23M shares.
ED’s Market Performance
ED’s stock has seen a 1.13% increase for the week, with a -3.64% drop in the past month and a -12.66% fall in the past quarter. The volatility ratio for the week is 1.55%, and the volatility levels for the past 30 days are at 1.50% for Consolidated Edison, Inc The simple moving average for the last 20 days is -0.10% for ED’s stock, with a simple moving average of -7.27% for the last 200 days.
Analysts’ Opinion of ED
Many brokerage firms have already submitted their reports for ED stocks, with Scotiabank repeating the rating for ED by listing it as a “Sector Perform.” The predicted price for ED in the upcoming period, according to Scotiabank is $100 based on the research report published on December 12, 2024 of the previous year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see ED reach a price target of $116, previously predicting the price at $103. The rating they have provided for ED stocks is “Buy” according to the report published on October 15th, 2024.
Jefferies gave a rating of “Hold” to ED, setting the target price at $108 in the report published on October 09th of the previous year.
ED Trading at -5.28% 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 -17.06% of loss for the given period.
Volatility was left at 1.50%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares sank -3.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.00% lower at present.
During the last 5 trading sessions, ED rose by +1.13%, which changed the moving average for the period of 200-days by -0.76% in comparison to the 20-day moving average, which settled at $89.46. In addition, Consolidated Edison, Inc saw 0.16% 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 $92.58 back on Dec 16 ’24. After this action, Miller Joseph now owns 1,220 shares of Consolidated Edison, Inc, valued at $98 using the latest closing price.
Miller Joseph, the VP & Controller of Consolidated Edison, Inc, purchase 1 shares at $105.07 during a trade that took place back on Sep 16 ’24, which means that Miller Joseph is holding 1,203 shares at $97 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 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.2. 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 3.8. 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 had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
