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Consolidated Edison, Inc. (ED)

81.62   -3.91 (-4.57%) 10-02 16:01
Open: 85.02 Pre. Close: 85.53
High: 85.19 Low: 81.06
Volume: 1,748,761 Market Cap: 28,153(M)

Technical analysis

as of: 2023-10-02 4:19:33 PM
Short-term rate:       
Stoxline posted a SELL today, same as yesterday. Downward movement continues.
Mid-term rate:       
Target: Six months: 103.35     One year: 108.71
Support: Support1: 81.05    Support2: 67.44
Resistance: Resistance1: 88.48    Resistance2: 93.08
Pivot: 89.25
Moving Average: MA(5): 85.41     MA(20): 88.97
MA(100): 91.87     MA(250): 92.79
MACD: MACD(12,26): -1.4     Signal(9): -0.6
Stochastic oscillator: %K(14,3): 6.7     %D(3): 7.8
RSI: RSI(14): 22.2
52-week: High: 100.91  Low: 78.09
Average Vol(K): 3-Month: 1,734 (K)  10-Days: 1,613 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ ED ] has closed below the lower bollinger band by 13.4%. Although price has broken the lower band and a downside breakout is possible; the most likely direction for [ ED ] is to continue within current trading range. It is unclear right now based on current values. 103.2% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 1 days. This is a sign that the current trend might continue.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 86.95 - 87.53 87.53 - 88.05
Low: 83.71 - 84.45 84.45 - 85.12
Close: 84.4 - 85.55 85.55 - 86.59

Company Description

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. It offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,555 customers in parts of Manhattan. The company also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. In addition, it operates 533 circuit miles of transmission lines; 15 transmission substations; 64 distribution substations; 87,564 in-service line transformers; 3,924 pole miles of overhead distribution lines; and 2,291 miles of underground distribution lines, as well as 4,350 miles of mains and 377,971 service lines for natural gas distribution. Further, the company owns, operates, and develops renewable and energy infrastructure projects; and provides energy-related products and services to wholesale and retail customers, as well as invests in electric and gas transmission projects. It primarily sells electricity to industrial, commercial, residential, and government customers. The company was founded in 1823 and is based in New York, New York.

Headline News

Mon, 02 Oct 2023
Is Consolidated Edison, Inc. (ED) Stock Trading Below Fair Value? - InvestorsObserver

Mon, 02 Oct 2023
Insight Folios Inc Grows Stock Holdings in Consolidated Edison, Inc ... - MarketBeat

Mon, 02 Oct 2023
ED Stock Crowded With Sellers - Nasdaq

Mon, 02 Oct 2023
2023-10-02 | NYSE:ED | Press Release | Consolidated Edison Inc - Stockhouse Publishing

Sun, 01 Oct 2023
Consolidated Edison, Inc. (NYSE:ED) Shares Sold by Louisiana ... - MarketBeat

Thu, 28 Sep 2023
Consolidated Edison Inc. stock falls Thursday, underperforms market - MarketWatch

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Utilities
Industry:  Utilities—Regulated Electric
Shares Out. 345 (M)
Shares Float 344 (M)
% Held by Insiders 0.1 (%)
% Held by Institutions 69.7 (%)
Shares Short 5,990 (K)
Shares Short P.Month 6,440 (K)

Stock Financials

EPS 6.96
EPS Est Next Qtl 0
EPS Est This Year 0
EPS Est Next Year 0
Book Value (p.s.) 60.47
Profit Margin (%) 15.8
Operating Margin (%) 18.9
Return on Assets (ttm) 2.8
Return on Equity (ttm) 11.8
Qtrly Rev. Growth -13.9
Gross Profit (p.s.) 22.26
Sales Per Share 45.05
EBITDA (p.s.) 14.29
Qtrly Earnings Growth -9.7
Operating Cash Flow 3,140 (M)
Levered Free Cash Flow -1,080 (M)

Stock Valuations

PE Ratio 11.7
PEG Ratio 3
Price to Book value 1.34
Price to Sales 1.81
Price to Cash Flow 8.96

Stock Dividends

Dividend 0.81
Forward Dividend 0
Dividend Yield 0.9%
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
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