Consolidated Edison Inc. (NYSE:ED) traded at a new 52-week high today of $101.84. This new high was reached on below average trading volume as 227,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.
In the past 52 weeks, Consolidated Edison Inc. share prices are bracketed by a low of $71.52 and a high of $101.84 and is now at $101.77, 42% above that low price.
Consolidated Edison Inc. (NYSE:ED) defies analysts with a current price ($101.77) 16.6% above its average consensus price target of $84.86.
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.
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