Consolidated Edison Inc (ED) Files Form 4 Insider Buying : John Mcavoy Buys 28 Shares

Consolidated Edison Inc (ED): John Mcavoy , Chairman, President & CEO of Consolidated Edison Inc purchased 28 shares on May 16, 2016. The Insider buying transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were purchased at $73.41 per share for a total value of $2,055.48 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 5, 2016, John Mcavoy (Chairman, President & CEO) purchased 31 shares at $74.39 per share price.On May 5, 2016, Timothy Cawley (President & CEO, O&R) purchased 31 shares at $74.39 per share price.Also, On May 5, 2016, Joseph P Oates (SVP, Corporate Shared Services) purchased 7 shares at $74.39 per share price.On May 5, 2016, Gurudatta D Nadkarni (VP, Strategic Planning) purchased 28 shares at $74.39 per share price.

Shares of Consolidated Edison (ED) ended Friday, May 13, 2016 session in red amid volatile trading. The shares closed down -0.34 points or -0.45% at $74.62 with 19,00,253 shares getting traded. Post opening the session at $74.92, the shares hit an intraday low of $74.37 and an intraday high of $75.12 and the price vacillated in this range throughout the day. The company has a market cap of $21,938 M and the number of outstanding shares has been calculated to be 29,39,96,590 shares. The 52-week high of Consolidated Edison is $77.23 and the 52-week low is $56.86.

Consolidated Edison Money Flow Index Chart

Company has been under the radar of several Street Analysts.Consolidated Edison is Reiterated by Mizuho to Neutral and the brokerage firm has raised the Price Target to $ 72 from a previous price target of $66 .The Rating was issued on May 12, 2016.Consolidated Edison is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 70 from a previous price target of $67 .The Rating was issued on Feb 22, 2016.

Consolidated Edison Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries which include Consolidated Edison Company of New York Inc. (CECONY) Orange and Rockland Utilities Inc. (O&R) and the Competitive Energy Businesses. CECONY delivers electricity natural gas and steam to customers in New York City and Westchester County. Orange and Rockland Utilities Inc. (O&R) delivers electricity and natural gas to customers located in south-eastern New York northern New Jersey and north-eastern Pennsylvania. O&R’s utility subsidiaries include Rockland Electric Company and Pike County Light & Power Company. Competitive energy businesses provide retail and wholesale electricity supply and energy services. The Competitive Energy Businesses include three subsidiaries: Consolidated Edison Solutions Inc. (Con Edison Solutions); Consolidated Edison Energy Inc. (Con Edison Energy) and Consolidated Edison Development Inc. (Con Edison Development).

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