ED stock: buy or sell?
September 20th, 2019
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:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-8||Credit Suisse Group||n/a||Underperform|
|2019-4-26||Bank of America||Neutral||Buy|
|2019-4-22||Credit Suisse Group||n/a||Sell|
|2019-1-18||Bank of America||Buy||Neutral|
ED stock analysis
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.
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 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 $86.60Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-8||Credit Suisse Group||Lowers Target||$87.00||$86.00||-1.1%|
|2019-8-16||Morgan Stanley||Lowers Target||$93.00||$91.00||-2.2%|
|2019-6-14||Morgan Stanley||Raises Target||$87.00||$91.00||4.6%|
|2019-5-16||Morgan Stanley||Raises Target||$86.00||$87.00||1.2%|
|2019-4-22||Credit Suisse Group||Set Price Target||n/a||$80.00||-|
|2019-2-12||Morgan Stanley||Raises Target||$78.00||$81.00||3.8%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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.
|2013||$12,350 M||-||$1,060 M8.6%||-|
|2014||$12,919 M||4.61%||$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 M||2.53%||$1,382 M11.2%||-9.38%|
Quarterly financial resultsConsolidated 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%.
|2017-Q1||$3,210 M||-||$388 M12.1%||-|
|2017-Q2||$2,660 M||-17.13%||$175 M6.6%||-54.90%|
|2017-Q3||$3,211 M||20.71%||$457 M14.2%||161.14%|
|2017-Q4||$2,961 M||-7.79%||$505 M17.1%||10.50%|
|2018-Q1||$3,364 M||13.61%||$428 M12.7%||-15.25%|
|2018-Q2||$2,696 M||-19.86%||$188 M7.0%||-56.07%|
|2018-Q3||$3,328 M||23.44%||$435 M13.1%||131.38%|
|2018-Q4||$2,949 M||-11.39%||$331 M11.2%||-23.91%|
Consolidated Edison ownershipWhen 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:
|Market cap||$30.7 B||$17.8 B||$64.9 B||$26.9 B||$47.1 B|
|Total shares||332.1 M||283.8 M||803.4 M||323.6 M||971.6 M|
|Float shares||331.6 M||281.9 M||800.7 M||322.9 M||969.3 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$91.40 - $92.53|
|Average true range||$1.19|
|50d mov avg||$87.84|
|100d mov avg||$87.14|
|200d mov avg||$83.17|
Consolidated Edison performanceTo 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:
|PEGPublic Service En...||1.88%||5.13%||22.17%|
Consolidated Edison competitorsWe picked a few stocks to conform a list of Consolidated Edison competitors to check if you are interested in investing in ED:
- CMS Energy (CMS)
- Dominion Energy (D)
- Exelon (EXC)
- FirstEnergy (FE)
- NiSource (NI)
- Public Service Enterprise (PEG)
- UNITIL (UTL)
- WEC Energy (WEC)
Latest ED stock news
- Seeking AlphaConsolidated Edison Makes A Big Move Into SolarOctober 17, 2018