Consolidated Edison (ED) has seen a flurry of recent activity. Shares of the utility company have been sold by several investment firms, such as Blair William & Co. IL, Kingsview Wealth Management LLC, and Sei Investments Co. This has happened alongside a dividend declaration and an earnings release that has outperformed estimates. UBS Group raised their price target for the company to $96.00, indicating growth potential. Con Edison has maintained operations during the extreme heat in Harlem by distributing dry ice for residents without power, while facing some criticism for what has been dubbed 'poverty wages.' Among other developments, Robert Hoglund's retirement was announced with Kirkland Andrews succeeding him as CFO. Some concern has been raised over the company's use of debt and a potential strike amid a heat wave. Institutional investments in Con Edison are also on the rise. Despite some missteps, the company's forward-thinking approach includes a new program providing all-new appliances for free, initiating a $1.2 billion clean city project, and awarding grants to train New York's clean energy workforce.
Consolidated Edison ED News Analytics from Thu, 07 Sep 2023 07:00:00 GMT to Sun, 21 Jul 2024 15:33:07 GMT -
Rating -1
- Innovation -3
- Information 3
- Rumor -4
