Consolidated Edison Inc (ED): John Mcavoy , Chairman, President & CEO of Consolidated Edison Inc purchased 26 shares on Jul 15, 2016. The Insider buying transaction was reported by the company on Jul 15, 2016 to the Securities and Exchange Commission. The shares were purchased at $79.30 per share for a total value of $2,061.80 , 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, Saumil P Shukla (SVP, Utility Shared Services) purchased 45 shares at $76.85 per share price.On Jul 6, 2016, Frances Resheske (SVP, Corporate Affairs) purchased 1 shares at $80.05 per share price.Also, 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.
Consolidated Edison: On Friday, Jul 15, 2016 heightened volatility was witnessed in Consolidated Edison which led to swings in the share price. The shares opened for trading at $79.14 and hit $79.52 on the upside , eventually ending the session at $79.15, with a gain of 0.04% or 0.03 points. The heightened volatility saw the trading volume jump to 17,53,842 shares. The 52-week high of the share price is $81.88 and the company has a market cap of $23,270 M . The 52-week low of the share price is at $60.08.
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).