Consolidated Edison stock trades near analysts’ targets after Q2 2026 earnings

Consolidated Edison stock (ISIN US2091151041, NYSE: ED) opened at around USD 107.16 on the New York Stock Exchange on September 18, 2026, only slightly above the prior session’s closing level and close to where analysts place their average price target for the shares.

Q2 2026 results show modest growth

Per the company’s latest quarterly communication for the second quarter of 2026, Consolidated Edison reported consolidated revenue of around USD 3.4 billion for Q2 2026, representing an increase of approximately 3 percent compared with the same period a year earlier, as the utility continued to benefit from regulated rate structures and incremental customer growth in its New York service territory, according to Ad-hoc-news.

According to Consolidated Edison’s Q2 2026 investor information summarized by Ad-hoc-news, adjusted earnings per share for the quarter came in near USD 1.05, up from roughly USD 1.00 in the prior-year quarter, indicating earnings growth of about 5 percent year on year.

As described in the same Q2 2026 update, Consolidated Edison reaffirmed its full-year 2026 earnings guidance range following the report, targeting adjusted earnings per share growth in a corridor that implies low- to mid-single-digit percentage expansion versus fiscal year 2025, according to Ad-hoc-news.

Analyst targets cap upside

As Ad-hoc-news reports based on MarketBeat data, the consensus rating on Consolidated Edison stock currently stands at Reduce, and the average analyst price target is USD 108.93 as of September 18, 2026.

With the shares opening at USD 107.16 on September 18, 2026, that average target of USD 108.93 implies a limited upside of roughly 1.7 percent from the opening level, suggesting that many analysts see the stock as fairly valued near-term even as the utility offers stable, regulated earnings, according to Ad-hoc-news.

According to GuruFocus on September 18, 2026, analysts at Morgan Stanley maintain an Underweight rating on Consolidated Edison but recently lowered their price target to USD 97.00, signaling a cautious view on valuation and pointing to modest downside relative to the current price.

Stock trades close to intrinsic value estimate

In the same analysis, GuruFocus states that its GF Value metric for Consolidated Edison stands at USD 107.32, compared with a cited current price of USD 105.75, implying that the stock is about 1.5 percent undervalued against that intrinsic value estimate.

This small gap between market price and the GF Value assessment underscores that, in the view of that model, the shares are trading close to fair value, with only a narrow margin between the implied intrinsic worth of USD 107.32 and the referenced market level of USD 105.75 as of September 18, 2026, according to GuruFocus.

For investors, the combination of Q2 2026 earnings growth of around 3 percent in revenue and roughly 5 percent in adjusted EPS, together with consensus and model-based valuations that cluster close to the current trading range, highlights Consolidated Edison as a defensive utility where most of the expected return is likely to come from regulated cash flows rather than from significant share price appreciation.

Consolidated Edison stock price and market data

Consolidated Edison stock is referenced as trading around USD 107.16 on the New York Stock Exchange on September 18, 2026, with analyst averages and valuation models indicating that this level sits only slightly below or above various fair-value estimates and price targets in the current research landscape.

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