Recent Insider Trading: Consolidated Edison Inc $ED

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Consolidated Edison Inc (NYSE:ED) insiders have most recently took part in a trading activity. On Dec 31, 2017 Shukla Saumil P, SVP, Utility Shared Services bought 44 shares having total worth of $3,832 at the price of $87.1 per share, following the transaction a total of 6,258 shares owned by Shukla Saumil P. Before this latest buy, Shukla Saumil P purchased ED at 3 other times during the past twelve months, for a total investment of $11,048 at an average of $77.47 per share.

On the same day, Sanchez Robert, President & CEO, O&R bought 43 shares having total worth of $3,745 at the price of $87.1 per share, following the transaction a total of 2,023 shares owned by Sanchez Robert. Before this latest buy, Sanchez Robert purchased ED at 9 other times during the past twelve months, for a total investment of $19,646 at an average of $80.65 per share.

On the same day, Resheske Frances, SVP, Corporate Affairs bought 1 shares having total worth of $87 at the price of $87.1 per share, following the transaction a total of 48,740 shares owned by Resheske Frances. Before this latest buy, Resheske Frances purchased ED at 3 other times during the past twelve months, for a total investment of $232 at an average of $77.47 per share.

On the same day, Oates Joseph P, President & CEO CET bought 8 shares having total worth of $697 at the price of $87.1 per share, following the transaction a total of 22,827 shares owned by Oates Joseph P. Before this latest buy, Oates Joseph P purchased ED at 11 other times during the past twelve months, for a total investment of $9,954 at an average of $79.38 per share.

On the same day, Nadkarni Gurudatta D, VP, Strategic Planning bought 77 shares having total worth of $6,707 at the price of $87.1 per share, following the transaction a total of 6,134 shares owned by Nadkarni Gurudatta D. Before this latest buy, Nadkarni Gurudatta D purchased ED at 11 other times during the past twelve months, for a total investment of $35,701 at an average of $79.38 per share.

On the same day, Muccilo Robert, VP & Chief Accounting Officer bought 76 shares having total worth of $6,620 at the price of $87.1 per share, following the transaction a total of 6,167 shares owned by Muccilo Robert. Before this latest buy, Muccilo Robert purchased ED at 11 other times during the past twelve months, for a total investment of $34,899 at an average of $79.38 per share.

On the same day, Moore Elizabeth D, SVP & General Counsel bought 46 shares having total worth of $4,007 at the price of $87.1 per share, following the transaction a total of 57,128 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 $29,095 at an average of $79.38 per share.

On the same day, Mcavoy John, Chairman, President & CEO bought 51 shares having total worth of $4,442 at the price of $87.1 per share, following the transaction a total of 214,633 shares owned by Mcavoy John. Before this latest buy, Mcavoy John purchased ED at 16 other times during the past twelve months, for a total investment of $41,576 at an average of $78.45 per share.

On the same day, Ivey Craig S, President bought 1 shares having total worth of $87 at the price of $87.1 per share, following the transaction a total of 74,189 shares owned by Ivey Craig S. Before this latest buy, Ivey Craig S purchased ED at 3 other times during the past twelve months, for a total investment of $4,238 at an average of $77.47 per share.

On the same day, Hoglund Robert N, SVP & CFO bought 98 shares having total worth of $8,536 at the price of $87.1 per share, following the transaction a total of 67,164 shares owned by Hoglund Robert N. Before this latest buy, Hoglund Robert N purchased ED at 11 other times during the past twelve months, for a total investment of $42,865 at an average of $79.38 per share.

On the same day, Cawley Timothy, President bought 47 shares having total worth of $4,094 at the price of $87.1 per share, following the transaction a total of 30,094 shares owned by Cawley Timothy. Before this latest buy, Cawley Timothy purchased ED at 11 other times during the past twelve months, for a total investment of $30,041 at an average of $79.38 per share.

The stock has experienced a total of 16 insider trades in the past three months. These trades include 16 buy trades. Furthermore, over the past 12 months , the stock was traded 102 times by insiders. In 1 of these trades, the insider was a seller while an employee of the company was the buyer in 101 instances.

Time Frame Number of Insider Buy Number of Insider Sell Stock Price Change(%)
3 Month 16 0 -1.74%
12 Month 101 1 1.97%

Shares of Consolidated Edison Inc (NYSE:ED) traded down 0.95% on Jan 3, 2018, hitting $82.79. 1,884,341 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 $89.66. 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.