Consolidated Edison Inc. (NYSE:ED) traded at a new 52-week high today of $101.57. So far today approximately 235,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.
In the past 52 weeks, Consolidated Edison Inc. share prices are bracketed by a low of $71.52 and a high of $101.57 and is now at $100.76, 41% above that low price.
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.
Consolidated Edison Inc. (NYSE:ED) is currently priced 15.8% above its average consensus analyst price target of $84.86.
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