New York-based Consolidated Edison, Inc. (ED) engages in the regulated electric, gas, and steam delivery businesses in the United States. The company has a market cap of $39.8 billion and serves approximately 3.7 million customers in New York City and Westchester County, and also provides gas and steam to millions.
The energy company’s shares have lagged behind the broader market over the past year, growing 1.7% compared to the S&P 500 Index’s ($SPX) 21.3% surge. Moreover, in 2026, the stock has rallied by nearly 7%, underperforming the SPX’s 13.3% rise as well.
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Focusing on its industry benchmark, the State Street Utilities Select Sector SPDR ETF (XLU) has advanced marginally over the past year, underperforming the stock. In 2026, XLU has grown 1% and has also lagged behind the stock.
www.barchart.com On Aug. 6, ED stock rose marginally following the release of its Q2 2026 earnings. The company’s revenue for the quarter amounted to $4.1 billion, surpassing the Street’s estimates. Moreover, its adjusted EPS came in at $0.83, also topping Wall Street’s forecasts. ED expects full-year earnings in the range of $6 to $6.20 per share. Additionally, it is well positioned to take advantage of the energy demand as more data centers start to show up, with the company already expecting to have 28 new substations in service by 2035, along with tens of billions of dollars in other capital investments to meet the growing demand for energy.
For the current year, which ends in December, analysts expect ED’s EPS to rise 6.8% to $6.09 on a diluted basis. The company has met or surpassed the consensus estimate in three of the last four quarters, while missing on one occasion.
Among the 19 analysts covering ED stock, the consensus is a “Hold.” That’s based on two “Strong Buy” ratings, 11 “Holds,” one “Moderate Sell,” and five “Strong Sells.”
www.barchart.com The configuration has grown more bearish over the past months, with the stock now having two “Strong Buy” ratings, down from three recorded three months prior.
On Aug. 8, Wells Fargo analyst Shahriar Pourreza assigned a “Hold” rating to Consolidated Edison and set a price target of $108.
ED’s mean price target of $112.58 indicates a premium of 5.9% from the current market price. Its Street-high target of $130 implies a robust 22.3% upside from current levels.
On the date of publication, Aritra Gangopadhyay did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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