Insider Trading Watch List: Consolidated Edison Inc $ED

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Consolidated Edison Inc (NYSE:ED) insider have most recently took part in a trading activity. On Nov 30, 2017 Moore Elizabeth D, SVP & General Counsel bought 26 shares having total worth of $2,261 at the price of $86.95 per share, following the transaction a total of 38,561 shares owned by Moore Elizabeth D. Before this latest buy, Moore Elizabeth D purchased ED at 11 other times during the past twelve months, for a total investment of $29,072 at an average of $78.04 per share.

The stock has experienced a total of 8 insider trades in the past three months. These trades include 8 buy trades. Furthermore, over the past 12 months , the stock was traded 104 times by insiders. In 2 of these trades, the insider was a seller while an employee of the company was the buyer in 102 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 8 0 7.76%
12 Month 102 2 12.84%

Shares of Consolidated Edison Inc (NYSE:ED) traded down 0.38% on Dec 4, 2017, hitting $88.48. 1,374,536 shares of the company’s stock traded hands. Consolidated Edison Inc has a 52 week low of $69.15 and a 52 week high of $89.04. The company’s market cap is $23,700 million.

Consolidated Edison Inc (NYSE:ED) last announced its earnings results on Nov 2, 2017. The company reported 1.47 earnings per share (EPS) for the quarter, lower than the consensus estimate of 1.52 by $0.05. The company had revenue of $3,211 million for the quarter, compared to the consensus estimate of $3,480 million. During the same quarter in the previous year, the company posted 1.51 earnings per share. The company’s revenue for the quarter was down 6% on a year-over-year basis.

2017-11-02 2017-08-03 2017-05-04 2017-02-16 2016-11-03 2016-08-04 2016-05-05 2016-02-18 2015-11-05 2015-08-06
earnings per share 1.47 0.58 1.27 0.69 1.51 0.60 1.18 0.61 1.45 0.78
Revenue(M) 3211 2633 3228 2707 3417 2794 0 2707 3443 2788

Consolidated Edison Inc has been the subject of a number of recent research reports. Analysts at Morgan Stanley Maintains shares of Consolidated Edison Inc to an Underweight rating in a research note. They now have a $75.00 price target on the stock.

Consolidated Edison, Inc. was incorporated in New York State in 1997. The Company is a holding company which owns all of the outstanding common stock of Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and the competitive energy businesses. It provides a range of energy-related products and services to its customers through its subsidiaries. CECONY’s main business operations are its regulated electric, gas and steam delivery businesses. O&R’s main business operations are its regulated electric and gas delivery businesses. The competitive energy businesses sell electricity to wholesale and retail customers, provide certain energy-related services, and participate in energy infrastructure projects. Con Edison is evaluating additional opportunities to invest in electric and gas-related businesses. CECONY provides electric service to approximately 3.3 million customers in all of New York City (except part of Queens) and most of Westchester County, an approximately 660 square mile service area with a population of more than nine million. CECONY delivers gas to approximately 1.1 million customers in Manhattan, the Bronx and parts of Queens and Westchester County. CECONY operates the steam distribution system in the United States by producing and delivering more than 22,000 MMlbs of steam annually to approximately 1,735 customers in parts of Manhattan. O&R and its utility subsidiaries, Rockland Electric Company (RECO) and Pike County Light & Power Company (Pike) (together referred to herein as O&R) provide electric service to approximately 0.3 million customers in southeastern New York and in adjacent areas of northern New Jersey and northeastern Pennsylvania, an approximately 1,350 square mile service area. O&R delivers gas to over 0.1 million customers in southeastern New York and adjacent areas of northeastern Pennsylvania. Con Edison pursues competitive energy opportunities through three wholly-owned subsidiaries: Con Edison Solutions, Con Edison Energy and Con Edison Development. These businesses include the sales and related hedging of electricity to wholesale and retail customers, sales of certain energy-related products and services, and participation in energy infrastructure projects. The Utilities are subject to regulation by the New York State Public Service Commission (NYSPSC), which under the New York Public Service Law, is authorized to set the terms of service and the rates the Utilities charge for providing service in New York. The Utilities are also subject to regulation by the FERC with respect to electric transmission rates and to regulation by the NYSPSC with respect to electric and gas retail commodity sales and local delivery service.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.