ED stock: buy or sell?

ED stock price: $92.40 0.57% At close on September 20th, 2019

Updated on:
September 20th, 2019

5

Consolidated Edison raised 0.57% today to $92.40 after marking all time highs today. With Friday, it's been 5 green sessions in a row, soaring $2.59 or 2.87%.

Consolidated Edison, Inc., through its subsidiaries, engages in regulated electric, gas, and steam delivery businesses in the United States.

Should I buy ED stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Following a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

These 2 buy setups work for Consolidated Edison stock right now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Consolidated Edison stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 10 ratings published for ED stock in the last month.

The general sentiment of these ratings is bearish for ED stock, with 6 negative ratings.
Is ED a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-8Credit Suisse Groupn/aUnderperform
2019-8-16Morgan Stanleyn/aUnderweight
2019-6-20Barclaysn/aHold
2019-6-14Morgan Stanleyn/aUnderweight
2019-5-16Morgan Stanleyn/aUnderweight
2019-4-26Bank of AmericaNeutralBuy
2019-4-22Credit Suisse Groupn/aSell
2019-3-11Mizuhon/aNeutral
2019-2-12Morgan StanleyUnderweightUnderweight
2019-1-18Bank of AmericaBuyNeutral

ED stock analysis

Daily outlook

Consolidated Edison raised 0.57% today and topped a new all time high at $92.53.

Consolidated Edison raised 0.57% to $92.40 after marking all time highs today. ED shows a strong short term uptrend with several rising tops and rising bottoms. Since its last bottom on Sep/10, ED climbed unceasignly breaking out to new all time highs. On August ED price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock.

ED stock chart (daily)

Weekly outlook

Consolidated Edison soared 2.88% this week and reached a new all time high at $92.53.

Consolidated Edison stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, ED might consolidate in a flat-base, waiting to break out over or down under . Since price and SMA40w lines crossed up early February, ED climbed $17.73 (23.74%).

ED stock chart (weekly)

ED stock price history

ED stock historical price chart

ED stock reached all-time highs today with a price of $92.53.

ED stock price target is $86.60

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 7 price predictions for Consolidated Edison stock:
ED stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-8Credit Suisse GroupLowers Target$87.00$86.00-1.1%
2019-8-16Morgan StanleyLowers Target$93.00$91.00-2.2%
2019-6-20BarclaysReiteratesn/a$90.00-
2019-6-14Morgan StanleyRaises Target$87.00$91.004.6%
2019-5-16Morgan StanleyRaises Target$86.00$87.001.2%
2019-4-22Credit Suisse GroupSet Price Targetn/a$80.00-
2019-2-12Morgan StanleyRaises Target$78.00$81.003.8%
(in average)$86.20$86.600.0%
The price forecast for Consolidated Edison stock is $86.60, moving in a range between $91.00 and $80.00. In average, analysts' outlook on ED price target is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Consolidated Edison presented its financial report, in line with analysts' consensus and posted a $0.77 Earnings per Share. Unfortunately, reported EPS is not yet available in our database.
ED earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a1.27n/a
2017-Q2-n/a0.57n/a
2017-Q32017-11-021.511.47-2.6%
2017-Q42018-02-150.780.82.6%
2018-Q12018-05-031.331.373.0%
2018-Q22018-08-020.570.617.0%
2018-Q32018-11-011.481.565.4%
2018-Q42019-02-210.760.771.3%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Consolidated Edison annual turnover grew a tiny 2.53% to $12,337.00 million USD from $12,033.00 marked in 2017. On the other hand, its profit margin (compared to revenues) declined to 11.20%, that is $1,382.00 million.

ED annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$12,350 M-$1,060 M8.6%-
2014$12,919 M4.61%$1,092 M8.5%3.02%
2015$12,554 M-2.83%$1,193 M9.5%9.25%
2016$12,075 M-3.82%$1,245 M10.3%4.36%
2017$12,033 M-0.35%$1,525 M12.7%22.49%
2018$12,337 M2.53%$1,382 M11.2%-9.38%

Quarterly financial results

Consolidated Edison posted $2,949.00 million in sales for 2018-Q4, a -11.39% decline compared to previous quarter. Reported quarter income marked $331.00 million with a profit margin of 11.22%. Profit margin slightly fell a -1.85% compared to previous quarter when profit margin was 13.07%. When comparing revenues to same quarter last year, Consolidated Edison sales marked a tight move and stayed steady a -0.41%.
ED quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$3,210 M-$388 M12.1%-
2017-Q2$2,660 M-17.13%$175 M6.6%-54.90%
2017-Q3$3,211 M20.71%$457 M14.2%161.14%
2017-Q4$2,961 M-7.79%$505 M17.1%10.50%
2018-Q1$3,364 M13.61%$428 M12.7%-15.25%
2018-Q2$2,696 M-19.86%$188 M7.0%-56.07%
2018-Q3$3,328 M23.44%$435 M13.1%131.38%
2018-Q4$2,949 M-11.39%$331 M11.2%-23.91%

Consolidated Edison ownership

When you are planning to buy a stock, it's always worth to review its ownership structure.

Consolidated Edison shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.17% of all shares.

In case of Consolidated Edison stock, 61.38% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for ED stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Consolidated Edison:

EDCMSDESEXC
Market cap$30.7 B$17.8 B$64.9 B$26.9 B$47.1 B
Total shares332.1 M283.8 M803.4 M323.6 M971.6 M
Float shares331.6 M281.9 M800.7 M322.9 M969.3 M
  - Institutional holdings (%)61.4%94.5%60.2%76.3%81.6%
  - Insider holdings (%)0.2%0.6%0.3%0.4%0.2%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

ED summary

Friday, September 20th, 2019
Open$92.18
Close$92.40
Day range$91.40 - $92.53
Previous close$91.88
Session gain0.57%
Average true range$1.19
50d mov avg$87.84
100d mov avg$87.14
200d mov avg$83.17
Daily patternlb03c
Weekly pattern lt06a

Consolidated Edison performance

To better understand Consolidated Edison performance you must becnhmark its gains with other related stocks in same sector or industry. We compared Consolidated Edison against CMS Energy, Dominion Energy, , Exelon, FirstEnergy, NiSource, Public Service Enterprise, UNITIL and WEC Energy in the following table:
Stock3m6m12m
EDConsolidated Edis...4.45%10.70%22.92%
CMSCMS Energy6.96%14.50%31.07%
DDominion Energy4.38%9.59%19.59%
ES8.27%17.75%37.85%
EXCExelon-3.10%-2.16%14.43%
FEFirstEnergy9.35%15.40%33.19%
NINiSource1.10%4.50%18.78%
PEGPublic Service En...1.88%5.13%22.17%
UTLUNITIL0.53%15.49%22.55%
WECWEC Energy10.44%19.82%43.59%

Consolidated Edison competitors

We picked a few stocks to conform a list of Consolidated Edison competitors to check if you are interested in investing in ED:

Latest ED stock news