In Thursday’s Wall Street session, Consolidated Edison, Inc (NYSE:ED) shares traded at $100.91, up 0.71% from the previous session.
ED stock price is now 7.42% away from the 50-day moving average and 4.13% away from the 200-day moving average. The market capitalization of the company currently stands at $34.99B.
With the price target enhanced from $90 to $100, Scotiabank Upgraded its rating from Sector Underperform to Sector Perform for Consolidated Edison, Inc (NYSE: ED). On October 15, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $103 to quote $116, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, Miller Joseph, VP & Controller bought 1 shares of the company’s stock on Dec 16 ’24. The stock was bought for $98 at an average price of $92.58. Upon completion of the transaction, the VP & Controller now directly owns 1,220 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, VP & Controller Miller Joseph bought 1 shares of the business’s stock. A total of $97 was incurred on buying the stock at an average price of $105.07. This leaves the insider owning 1,203 shares of the company worth $0.12 million. A total of 0.21% of the company’s stock is owned by insiders.
During the past 12 months, Consolidated Edison, Inc has had a low of $87.16 and a high of $107.75. As of last week, the company has a debt-to-equity ratio of 1.27, a current ratio of 1.04, and a quick ratio of 0.96.
The net profit margin was 11.93% and return on equity was 8.44% for ED. The company reported revenue of $3.66 billion for the quarter, compared to $3.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.39 percent.
