ED stock: buy or sell?

ED stock price: $88.25 -0.72% At close on February 25th, 2020

Updated on:
February 25th, 2020

3

After topping to all time highs on Thursday, Consolidated Edison depreciated -0.72% today to $88.25. With Tuesday it's been 3 red days in a row.

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

Should I buy ED stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Consolidated Edison stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Consolidated Edison stock a buy?

Financial institutions and banks post stock ratings everyday. Unfortunately, we couldn't detect any rating for ED stock for the last month.

ED stock analysis

Daily outlook

After topping to all time highs on Thursday, Consolidated Edison depreciated -0.72% today to $88.25.

Consolidated Edison depreciated -0.72% to $88.25 after topping to all time highs on Thursday. On January ED price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. Since SMA50d and SMA100d crossed up on February 13th, ED price slid a -4.20%. On Thursday, ED hit a new all time high, pushing higher than on Wednesday tops. Check different trading setups that use ATHs as triggers.

ED stock chart (daily)

Weekly outlook

Consolidated Edison ended this week at $88.25 and slightly fell a fatal -2.14%.

Not so far away is the last all-time high Consolidated Edison marked last week. Since price and SMA40w lines crossed up by mid January, ED climbed $1.47 (1.69%). Since early February when SMA10w and SMA20w crossed up, ED price slipped $-4.99 per share (-5.35%).

ED stock chart (weekly)

ED stock price history

ED stock historical price chart

ED stock reached all-time highs on Thursday with a price of $94.65.

ED stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. 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 month we have not detected any price prediction for Consolidated Edison stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, Consolidated Edison was in line with the estimates of the analysts and posted an EPS of $0.77 per share. As soon as we get its actual EPS from the earnings report, we will extend this report.
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

Compared to 2017, last anual turnover report draw a slightly good gain of 2.53% to $12,337.00 million dollars. When comparing 2018 vs 2017, nevertheless, profit margin (that is, the net income divided by revenues) depreciated a -1.47% to 11.20%.

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 earnings marked $331.00 M with a profit margin of 11.22%. Profit margin declined a -1.85% compared to previous quarter when profit margin was 13.07%. When comparing turnover to same quarter last year, Consolidated Edison sales marked a neutral move and remained constant 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 shares of a stock, it's worth to overview its ownership structure.

Consolidated Edison shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.15% of all shares.

In case of Consolidated Edison stock, 63.07% 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:

ED
Market cap$29.3 B
Total shares332.4 M
Float shares333.3 M
  - Institutional holdings (%)63.1%
  - Insider holdings (%)0.1%
Shares in short selling0.0%

ED summary

Tuesday, February 25th, 2020
Open$89.20
Close$88.25
Day range$88.02 - $89.40
Previous close$88.89
Session gain-0.72%
Average true range$1.34
50d mov avg$90.20
100d mov avg$89.29
200d mov avg$87.86
Daily pattern
Weekly pattern

Consolidated Edison performance

To better understand Consolidated Edison performance you must compare its gains with other related stocks in same sector or industry. We compared Consolidated Edison against in the following table:
Stock3m6m12m
EDConsolidated Edis...2.39%0.94%10.44%

Consolidated Edison competitors

Unfortunately, we could not find any public company that could be defined as Consolidated Edison competitor. This doesn't mean Consolidated Edison does not have any competitor in the market, it's just we could not detected it.

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