Consolidated Edison, Inc.’s Stock Price Holds Steady at $105.77 Despite Slight 0.26% Dip

Consolidated Edison, Inc. (ED)

105.77 USD -0.28 (-0.26%) Volume: 4.91M

Consolidated Edison, Inc.’s stock price currently stands at 105.77 USD, experiencing a slight dip of -0.26% this trading session, with a trading volume of 4.91M. Despite the minor setback, the utility company’s stock maintains a positive Year-To-Date (YTD) performance, boasting an impressive +18.54% increase.

Latest developments on Consolidated Edison, Inc.

Consolidated Edison‘s stock price movements today are influenced by the upcoming rate hike hearings, with Queens’ borough president and civic leaders voicing concerns over NYC’s ability to afford it. Municipalities, including Croton-On-Hudson, have joined forces to oppose the proposed rate hikes, leading to the Public Service Commission agreeing to hold a hearing in Westchester. As Con Edison prepares to report its first quarter earnings on May 1, analysts are closely watching the utility giant’s performance amidst regulatory shifts. Citigroup recently adjusted its price target on Consolidated Edison, reflecting the ongoing debate surrounding the rate increases and their potential impact on the company’s financial outlook.

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 at a positive long-term outlook based on the Smartkarma Smart Scores. With strong scores in Value, Dividend, Growth, and Resilience, the company is positioned well for future success. Additionally, with a high Momentum score, Consolidated Edison is showing strong performance and potential for growth in the market.

Consolidated Edison, Inc. is a company that provides energy-related products and services, supplying electric service in several states. With solid scores across the board in Value, Dividend, Growth, Resilience, and Momentum, the company is expected to continue its success in the long term. Investors can look to Consolidated Edison for stability and potential growth in the energy sector.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma