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NEW YORK ( TheStreet) -- Consolidated Edison (NYSE: ED) hit a new 52-week high Friday as it is currently trading at $59.14, above its previous 52-week high of $58.85 with 263,071 shares traded as of 9:40 a.m. ET. Average volume has been 2.9 million shares over the past 30 days. Consolidated Edison has a market cap of $17 billion and is part of the utilities sector and utilities industry. Shares are up 16.8% year to date as of the close of trading on Thursday. Consolidated Edison, Inc., through its subsidiaries, provides energy services to residential, commercial, industrial, and government customers in the United States. The company, through its subsidiary, Consolidated Edison Company of New York, Inc. The company has a P/E ratio of 15.9, equal to the average utilities industry P/E ratio and below the S&P 500 P/E ratio of 17.7.