Con Edison’s $240M Volume Ranks 418th as Shares Tumble 0.34% Amid Institutional Splits and Infrastructure Moves

On August 11, 2025, Consolidated Edison (ED) traded with a volume of $240 million, ranking 418th in market activity. The stock closed down 0.34%, reflecting mixed institutional activity and analyst commentary during the period.

Recent developments highlight evolving institutional positioning and strategic guidance. Morgan Stanley upgraded ED's price target to $75, while multiple brokerages maintained "Reduce" ratings, signaling caution. Institutional investors showed divergent moves, with entities like Ontario Teachers Pension Plan and Prudential PLC increasing holdings, while others including Brookstone Capital and Ethic Inc. reduced exposure. These actions underscore ongoing debates about valuation and growth potential.

Infrastructure developments added context to market sentiment. The New York governor announced construction of the Astoria converter station for the Champlain Hudson Power Express, a project expected to enhance grid integration. Separately, Con Edison announced plans to host a clean energy future presentation in October, emphasizing long-term strategic priorities. Analysts noted that weather normalization measures could stabilize ED's steam business volatility, though earnings forecasts for Q3 2023 remain under review.

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