NEW YORK (
) hit a new 52-week high Wednesday as it is currently trading at $51.40, above its previous 52-week high of $51.35 with 117,354 shares traded as of 9:51 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.
Consolidated Edison has a market cap of $14.8 billion and is part of the
industry. Shares are up 3% year to date as of the close of trading on Tuesday.
Consolidated Edison, Inc., through its subsidiaries, provides electric, gas, and steam utility services in the United States. The company has a P/E ratio of 14.6, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates Consolidated Edison as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
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