Consolidated Edison Inc (ED): Frances Resheske , SVP, Corporate Affairs of Consolidated Edison Inc purchased 1 shares on Jun 30, 2016. The Insider buying transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were purchased at $80.05 per share for a total value of $76.85 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 6, 2016, Joseph P Oates (SVP, Corporate Shared Services) purchased 22 shares at $76.85 per share price.On Jul 6, 2016, Gurudatta D Nadkarni (VP, Strategic Planning) purchased 78 shares at $76.85 per share price.Also, On Jul 6, 2016, Robert Muccilo (VP & Chief Accounting Officer) purchased 77 shares at $76.85 per share price.On Jul 6, 2016, Elizabeth D Moore (SVP & General Counsel) purchased 45 shares at $76.85 per share price.
Consolidated Edison: On Tuesday, Jul 6, 2016 heightened volatility was witnessed in Consolidated Edison which led to swings in the share price. The shares opened for trading at $80.72 and hit $81.88 on the upside , eventually ending the session at $81.67, with a gain of 1.44% or 1.16 points. The heightened volatility saw the trading volume jump to 21,48,333 shares. The 52-week high of the share price is $81.88 and the company has a market cap of $24,011 M . The 52-week low of the share price is at $58.94.
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 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).