Consolidated Edison Inc. (NYSE:ED) traded at a new 52-week high today of $87.67. This new high was reached on below average trading volume as 317,000 shares traded hands, while the average 30-day volume is approximately 2.7 million shares.
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 $65.56 and a high of $87.67 and is now at $87.40, 33% above that low price.
Consolidated Edison Inc. (NYSE:ED) defies analysts with a current price ($87.40) 3.2% above its average consensus price target of $84.62.
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