Consolidated Edison stock falls 1.18 percent as target is cut

Published on 09/23/2026 at 23:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Consolidated Edison stock delivered Q2 EPS of USD 0.83 versus USD 0.76 consensus on August 6, 2026. Revenue reached USD 4.07 billion, while fiscal 2026 guidance stands at USD 6.00 to USD 6.20.

Fotorealistisches Umspannwerk mit NYC-Skyline im Hintergrund, Hochspannungsanlagen — Consolidated Edison Umspannwerk New York City Luftaufnahme Hochspannung Transformatoren Infrastruktur NYSE US2091151041, Illustration mit AI erstellt.

Consolidated Edison stock (ISIN US2091151041) closed at USD 102.61 on the NYSE on September 23, 2026, down 1.18 percent from the prior close of USD 103.84. The move came as investors weighed a lower analyst price target against the utility's latest earnings beat.

Q2 earnings beat consensus

Consolidated Edison reported Q2 2026 EPS of USD 0.83 versus consensus of USD 0.76, a USD 0.07 beat, according to MarketBeat. Revenue reached USD 4.07 billion against USD 3.60 billion expected, putting the reported figure USD 0.47 billion above consensus, or 13.1 percent higher.

The earnings comparison was also favorable against the prior-year quarter. EPS stood at USD 0.67 in the same period a year earlier, so the Q2 2026 figure was USD 0.16 higher, according to MarketBeat.

Target cut changes valuation debate

On September 18, Morgan Stanley cut its price target for Consolidated Edison from USD 101 to USD 97 while keeping an Underweight rating, MarketScreener reported. The new target sits USD 5.61 below the September 23 closing price, making the analyst view more cautious than the quarterly earnings result.

Consolidated Edison also reaffirmed fiscal 2026 adjusted EPS guidance of USD 6.00 to USD 6.20, according to FinScans. That range places the midpoint at USD 6.10, giving investors a quantified reference for judging the Q2 result and the valuation debate.

Stock stays below yearly high

The September 23 close was USD 13.62 below the 52-week high of USD 116.23 and USD 7.65 above the 52-week low of USD 94.96. The 11.7 percent gap to the high shows that the earnings beat has not returned the stock to its yearly peak.

Closing price sets the reference

Consolidated Edison closed at USD 102.61 on the NYSE on September 23, 2026, with a market capitalization of USD 37,814,863,300. The combination of a 1.18 percent daily decline, a USD 97 analyst target and reaffirmed guidance leaves earnings execution and regulated utility valuation as the central reference points.