ED Stock Summary and Trading Ideas (Consolidated Edison | NYSE:ED)

Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities generate nearly all of Con Ed's earnings following the sale of its clean energy business to RWE in early 2023.

Consolidated Edison trades on the NYSE stock market under the symbol ED.

As of January 6, 2025, ED stock price declined to $88.37 with 1,778,010 million shares trading.

ED has a beta of -0.17, meaning it tends to be less sensitive to market movements. ED has a correlation of 0.02 to the broad based SPY ETF.

ED has a market cap of $30.59 billion. This is considered a Large Cap stock.

Last quarter Consolidated Edison reported $4 billion in Revenue and $1.68 earnings per share. This beat revenue expectation by $32 million and exceeded earnings estimates by $.06.

In the last 3 years, ED traded as high as $107.75 and as low as $78.10.

The top ETF exchange traded funds that ED belongs to (by Net Assets): VTI, VOO, VO, XLU, SPY.

ED has underperformed the market in the last year with a price return of -2.0% while the SPY ETF gained +28.7%. ED has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -13.5% and -1.4%, respectively, while the SPY returned +4.2% and +0.1%, respectively.

ED support price is $88.19 and resistance is $90.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ED shares will trade within this expected range on the day.