Consolidated Edison, Inc.’s Stock Price Soars to $108.30, Registering a Robust 2.39% Increase

Consolidated Edison, Inc. (ED)

108.30 USD +2.53 (+2.39%) Volume: 3.37M

Consolidated Edison, Inc.’s stock price shows robust performance at 108.30 USD, witnessing a surge of +2.39% this trading session, with a trading volume of 3.37M shares. The stock has demonstrated a significant YTD increase of +21.37%, indicating a strong investment potential.

Latest developments on Consolidated Edison, Inc.

Consolidated Edison, commonly known as Con Edison, has been facing backlash and opposition from various Westchester towns and municipalities over proposed rate hikes. The company is set to report its 1st quarter earnings on May 1, amidst growing concerns and resistance from local leaders and residents. The public service commission has scheduled hearings in Westchester and Albany to address the contentious issue of rate increases. Citigroup recently adjusted its price target on Consolidated Edison, reflecting the uncertainty surrounding the stock price movements. With stakeholders like Westchester County Executive and Queens’ borough president expressing opposition to the rate hikes, Con Edison’s financial outlook remains uncertain as it navigates through the ongoing debate and public scrutiny.

A look at Consolidated Edison, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Consolidated Edison, Inc. is looking strong in the long-term outlook according to Smartkarma Smart Scores. With top scores in Momentum and solid scores in Value, Dividend, Growth, and Resilience, the company is well-positioned for success. Consolidated Edison‘s focus on providing energy-related products and services, along with its electric service in key areas, shows promise for continued growth and stability in the future.

Based on the Smartkarma Smart Scores, Consolidated Edison is rated highly across the board, indicating a positive overall outlook. The company’s strong performance in areas such as Momentum and Resilience, combined with its consistent dividends and value, bode well for its future prospects. With a focus on supplying electric service in strategic locations, Consolidated Edison is poised to maintain its position as a reliable provider of energy-related products and services in the long run.

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