Shares of Consolidated Edison Inc. (ED) Rise Above Previous 52-Week High

August 18, 2022 11:06:43

Consolidated Edison Inc. (NYSE:ED) traded at a new 52-week high today of $101.31. Approximately 250,000 shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.

Consolidated Edison Inc. (NYSE:ED) defies analysts with a current price ($101.04) 16.8% above its average consensus price target of $84.10.

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 roughly 90% of Con Ed’s earnings. The other 10% of earnings comes from investments in renewable energy projects and gas and electric transmission.

In the past 52 weeks, Consolidated Edison Inc. share prices are bracketed by a low of $71.52 and a high of $101.31 and is now at $101.04, 41% above that low price.

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