Consolidated Edison Inc. (ED) is priced at $79.34 after the most recent trading session. At the very opening of the session, the stock price was $77.20 and reached a high price of $77.99, prior to closing the session it reached the value of $77.86. The stock touched a low price of $76.57.
Recently in News on May 7, 2021, Con Edison Reports 2021 First Quarter Earnings. Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2021 first quarter net income for common stock of $419 million or $1.23 a share compared with $375 million or $1.13 a share in the 2020 first quarter. Adjusted earnings were $491 million or $1.44 a share in the 2021 period compared with $451 million or $1.35 a share in the 2020 period. Adjusted earnings and adjusted earnings per share in the 2021 period exclude the impact of the impairment loss related to Con Edison’s investment in Stagecoach Gas Services, LLC (Stagecoach). Adjusted earnings and adjusted earnings per share in the 2021 and 2020 periods exclude the effects of hypothetical liquidation at book value (HLBV) accounting for tax equity investments in certain renewable and sustainable electric production projects of Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses) and the net mark-to-market effects of the Clean Energy Businesses. You can read further details here
Consolidated Edison Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $80.06 on 05/07/21, with the lowest value was $65.56 for the same time period, recorded on 02/26/21.
Consolidated Edison Inc. (ED) full year performance was 4.68%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Consolidated Edison Inc. shares are logging -5.46% during the 52-week period from high price, and 21.02% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $65.56 and $83.92.
The company’s shares, operating in the sector of Utilities managed to top a trading volume set approximately around 911780 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Consolidated Edison Inc. (ED) recorded performance in the market was 7.73%, having the revenues showcasing 10.30% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 26.44B, as it employees total of 14071 workers.
Consolidated Edison Inc. (ED) in the eye of market guru’s
During the last month, 0 analysts gave the Consolidated Edison Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 10 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 8 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 72.15, with a change in the price was noted +6.44. In a similar fashion, Consolidated Edison Inc. posted a movement of +8.80% for the period of last 100 days, recording 2,590,858 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ED is recording 1.29 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.08.
Consolidated Edison Inc. (ED): Stocks Technical analysis and Trends
Raw Stochastic average of Consolidated Edison Inc. in the period of last 50 days is set at 96.83%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 91.22%. In the last 20 days, the company’s Stochastic %K was 64.61% and its Stochastic %D was recorded 58.88%.
If we look into the earlier routines of Consolidated Edison Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 7.73%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -4.25%, alongside a boost of 4.68% for the period of the last 12 months. The shares increased approximately by 1.50% in the 7-day charts and went down by 3.39% in the period of the last 30 days. Common stock shares were driven by 10.30% during last recorded quarter.