Overall Technical outlook

Business Operations:

Sector: Utilities
Industry: Utilities - Regulated Electric

Consolidated Edison, Inc., through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States. The company offers electric services to approximately 3.7 million customers in New York City and Westchester County; gas to approximately 1.1 million customers in Manhattan, the Bronx, parts of Queens, and Westchester County; and steam to approximately 1,490 customers in parts of Manhattan. It also supplies electricity to approximately 0.3 million customers in southeastern New York and northern New Jersey; and gas to approximately 0.1 million customers in southeastern New York. In addition, the company operates 552 circuit miles of transmission lines; 16 transmission substations; 63 distribution substations; 89,675 in-service line transformers; 3,764 pole miles of overhead distribution lines; and 2,417 miles of underground distribution lines, as well as 4,374 miles of mains and 379, 939 service lines for natural gas distribution. Further, it invests in electric and gas transmission projects. The company primarily sells electricity to industrial, commercial, residential, and government customers. Consolidated Edison, Inc. was founded in 1823 and is based in New York, New York.

Revenue projections:

Revenue projections for ED
ED's revenue is forecasted to dip below last year's figures, raising concerns for investors who are typically wary of declining financial performance. Such drops can directly affect the company's bottom line, potentially leading to a decrease in overall profitability, making investors more cautious in their decisions.

Financial Ratios:

currentRatio 1.268000
forwardPE 15.906424
debtToEquity 110.113000
earningsGrowth 0.221000
revenueGrowth 0.132000
grossMargins 0.533720
operatingMargins 0.165400
trailingEps 6.080000
forwardEps 6.499890

ED's current ratio of 1.268 reflects its strong liquidity position. The company has enough cash reserves and current assets to service its short-term debt obligations, signaling that ED is financially well-prepared to meet its liabilities without difficulty.
ED's Forward PE is in a strong range, indicating that its stock price compares well with its earnings. The stock is not considered overpriced, leaving ample room for growth and making it a promising option for investors looking for value and future returns.
Consolidated Edison, Inc.'s high debt-to-equity ratio points to a heavily leveraged company. With more debt than equity, Consolidated Edison, Inc. may face increased financial risk, especially if its earnings or cash flow come under pressure.
ED's positive earnings and revenue growth point to business expansion on the horizon. The company is positioned for continued success, with increasing profits and revenue growth highlighting a strong path forward for future growth.
ED's forward EPS exceeds its trailing EPS, indicating that the company is projected to be more profitable in the current financial year compared to the previous one. This suggests positive growth and improved earnings, signaling an optimistic outlook for ED's financial performance.

Price projections:

Price projections for ED
ED's stock price has consistently been near the lower edge of expected values, indicating potential struggles in meeting growth projections. This trend may reflect a cautious market sentiment toward the company.

Insider Transactions:

Insider Transactions for ED

3 Consolidated Edison, Inc. stock sales were completed, with market price of 107.09666442871094.ED saw 3 buying transactions, each while market price hovered at 103.9499994913737.The trend of more buys compared to sells around ED's current price levels may signal investor optimism. This behavior suggests that the market is expecting a favorable outcome for the stock, leading to increased buying activity.

Recommendation changes over time:

Recommendations trend for ED

The sell bias toward ED from analysts suggests caution, but investors are encouraged to consult a variety of market indicators before making decisions. This broader perspective will help mitigate risks and provide a clearer understanding of ED's potential in the current market.