Large Outflow of Money Witnessed in Consolidated Edison Inc

Consolidated Edison Inc (NYSE:ED) jumped 0.11 points or 0.14% on strong buying and was last priced at $77.25 per share. The shares saw huge fund flow intraday; a massive $0.73 million made their way in through the upticks but an even bigger $3.18 million made their way out through downticks. As per the last observation, the net money flow stood at $(-2.44) million and the up/down ratio was found to be 0.23. The shares have seen a weekly value change of 2.52% .A block trade was recorded in the company shares with a net money flow of $(-2.54) million. The composite value of the funds in upticks was $0 million and the total value of funds in downticks was $2.54. As can be seen from the data, the block transaction had the up/down ratio of 0.


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%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP, Corporate Shared Services) of Consolidated Edison Inc, Oates Joseph P, had purchased 008 shares in a transaction dated on May 31, 2016. The transaction was executed at $73.67 per share with total amount equaling $589.

Consolidated Edison Inc (NYSE:ED) : On Monday heightened volatility was witnessed in Consolidated Edison Inc (NYSE:ED) which led to swings in the share price. The stock opened for trading at $77.14 and hit $77.54 on the upside , eventually ending the session at $77.22, with a gain of 0.1% or 0.08 points. The heightened volatility saw the trading volume jump to 2,285,523 shares. The 52-week high of the share price is $77.54 and the company has a market cap of $22,702 million. The 52-week low of the share price is at $56.86 .

Many analysts have stated their opinion on the company shares. Deutsche Bank downgrades their rating on the shares of Consolidated Edison Inc (NYSE:ED). The current rating of the shares is Sell. Earlier, the shares were rated a Hold by the brokerage firm. The rating by the firm was issued on April 18, 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&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).

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