Consolidated Edison, Inc.’s stock price soars to $90.33, marking a robust 3.33% increase

Consolidated Edison, Inc. (ED)

90.33 USD +2.91 (+3.33%) Volume: 2.91M

Consolidated Edison, Inc.’s stock price stands robust at $90.33, witnessing a promising uptick of +3.33% this trading session with a trading volume of 2.91M. Despite a slight dip of -0.70% YTD, the performance indicates a potentially lucrative investment opportunity.

Latest developments on Consolidated Edison, Inc.

Consolidated Edison Inc.’s stock price has been positively impacted by several key events today. The company’s stock has outperformed competitors on a strong trading day, indicating increased investor confidence. This has been further boosted by Cerity Partners LLC, Sequoia Financial Advisors LLC, and Allspring Global Investments Holdings LLC acquiring a significant number of Consolidated Edison shares. However, the company is also facing potential challenges, as it prepares for power outages due to storm floods in Westchester County.

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 showing a promising long-term outlook based on the Smartkarma Smart Scores. With strong scores in Value, Growth, Resilience, and Momentum, the company seems well-positioned for future success. Its focus on providing energy-related products and services, including electric service in key regions, showcases its stability and potential for growth.

Investors may find Consolidated Edison to be a solid choice for their portfolios, given its high scores across multiple factors. The company’s emphasis on value, growth, resilience, and momentum indicates a positive trajectory for its future performance. With a diverse range of energy offerings and a strong presence in key markets, Consolidated Edison appears to be a reliable option for those looking for stability and potential returns.

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.
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