How did Consolidated Edison Inc. (ED) surprise investors with its report?

As of right now, Consolidated Edison Inc. [ED] is trading at $96.49, down -1.07%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ED shares have lost -1.37% over the last week, with a monthly amount drifted -2.05%, and not seem to be holding up well over a long-time horizon.

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On 23, November 2022, Con Edison to Webcast Environmental, Social, And Governance (ESG) Presentation on November 29th. In a post published today on Yahoo Finance, Consolidated Edison’s corporate leadership will make an Environmental, Social, and Governance presentation on Tuesday, Nov. 29 at 9 a.m., Eastern time. The presentation will be followed by a question-and-answer session.

From an analyst’s perspective:

Consolidated Edison Inc. [NYSE: ED] stock has seen the most recent analyst activity on January 09, 2023, when Mizuho downgraded its rating to a Neutral and also boosted its price target to $98 from $91. Previously, BofA Securities upgraded its rating to Neutral on November 30, 2022. On May 23, 2022, upgrade upgraded it’s rating to Neutral but maintained its price target of $94 on the stock. Wells Fargo downgraded its rating to a Underweight and increased its price target to $94 on May 03, 2022. Credit Suisse initiated its recommendation with a Neutral and recommended $100 as its price target on April 26, 2022. Wolfe Research upgraded its rating to Peer Perform for this stock on February 17, 2022, but kept the price target unchanged to $82. In a note dated January 31, 2022, Mizuho upgraded an Buy rating on this stock.

Through the last year, Consolidated Edison Inc.’s stock price ranged from $78.10 to $102.21. Consolidated Edison Inc. [NYSE: ED] shares were valued at $96.49 at the most recent close of the market.

Analyzing the ED fundamentals

For Consolidated Edison Inc., (ED), the latest quarter sales were 4.17 billion, which represents an 15.30% increase.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 96.07 points at the first support level, and at 95.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 96.95, and for the 2nd resistance point, it is at 97.40.

Consolidated Edison Inc. [ED] reported earnings per share of $0.64 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.59/share, meaning a difference of $0.05 and a surprise factor of 8.50%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.47 per share as compared to estimates of $1.48 per share, a difference of -$0.01 representing a surprise of -0.70%.

Ratios To Look Out For

It is important to note that Consolidated Edison Inc. [NYSE:ED] has a current ratio of 0.80.

Transactions by insiders

In the past 3 months, 21 insiders have purchased 591 shares, and 0 have sold 0 shares. Recent insider trading involved Cawley Timothy, Chairman, President & CEO, that happened on Jan 03 when 80.0 shares were purchased. SVP Utility Shared Services, Shannon Nancy completed a deal on Dec 30 to buy 5.0 shares. Meanwhile, President & CEO, O&R Sanchez Robert bought 62.0 shares on Dec 30.