Consolidated Edison Inc (NYSE:ED) has climbed 0.91% in the past week and advanced 7.87% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.12% and the outperformance has advanced to 6.89% for the last 4 weeks period.
Consolidated Edison Inc (NYSE:ED): The stock opened at $77.86 on Friday but the bulls could not build on the opening and the stock topped out at $78.08 for the day. The stock traded down to $76.97 during the day, due to lack of any buying support eventually closed down at $77.84 with a loss of -0.14% for the day. The stock had closed at $77.95 on the previous day. The total traded volume was 3,858,048 shares.
The company shares have rallied 31.95% from its 1 Year high price. On Jun 15, 2016, the shares registered one year high at $78.40 and the one year low was seen on Jun 26, 2015. The 50-Day Moving Average price is $74.54 and the 200 Day Moving Average price is recorded at $71.14.
On the companys insider trading activities, Mcavoy John, director officer (Chairman, President & CEO) of Consolidated Edison Inc, executed a transaction worth $2,110 on June 15, 2016. A total of 027 shares were purchased at an average price of $78.13. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Deutsche Bank downgrades its ratings on Consolidated Edison Inc (NYSE:ED). According to the latest information available, the shares are now rated Sell by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on April 18, 2016. Currently the company Insiders own 0.16% of Consolidated Edison Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 0.5% . Institutional Investors own 54% of Consolidated Edison Inc shares. During last six month period, the net percent change held by insiders has seen a change of 2.52%.
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&Rs 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).