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Consolidated Edison, Inc.

ED · NYSE

Market closed$112.37$-0.020000 (-0.02%)After hours $112.25 · -0.11%

Key statistics

Previous close$112.39
Open$113.65
Day high$115.17
Day low$111.06
52-week high$116.23
52-week low$94.96
Market cap41.41B
Volume1.67M
Average volume2.35M
P/E ratio19.96
Forward P/E—
EPS5.63
Dividend yield+3.09%

Market context

Why it moved

Consolidated Edison edged slightly lower amid a broad market sell-off driven by escalating U.S.-Iran military tensions that rattled investor sentiment, while analyst consensus ratings of "Reduce" and a price target well below current trading levels continued to weigh on the stock.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Consolidated Edison closed essentially flat as investors digested two key company announcements: a quarterly dividend declaration of $0.8875 per share (payable September 15) and a scheduled Q2 2026 earnings release on August 6. The broader utilities sector (XLU) pulled back alongside the S&P 500, which declined as AI-related concerns and escalating U.S.-Iran military tensions weighed on risk sentiment, while easing Treasury yields and defensive demand kept utility stocks relatively supported heading into earnings season.

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July 17, 2026Consolidated Edison rose nearly 2%, outperforming the broader market on a day when AI-linked tech stocks dragged the S&P 500 lower, as investors rotated into defensive utilities. The gains came alongside two company-specific catalysts: Con Edison declared its quarterly dividend of $0.8875 per share payable September 15, and announced it will report Q2 2026 earnings on August 6. The utility sector's defensive appeal was reinforced by expectations of 13.9% Q2 earnings growth for the group, while the XLU sector ETF also advanced, reflecting broad rotation toward rate-sensitive income plays.

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July 16, 2026Consolidated Edison closed modestly lower, underperforming the broader market as the utilities sector (XLU) also retreated, though shares are edging back in after-hours trading. The pullback comes as investors await the company's Q2 2026 earnings report scheduled for August 6, announced today. Meanwhile, Ladenburg Thalmann recently raised its price target on Con Edison to $113.50 from $101 while maintaining a Neutral rating, reflecting the stock's regulated utility appeal even as elevated interest rates and rising oil prices tied to renewed U.S.-Iran tensions weigh on rate-sensitive utility valuations sector-wide.

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July 15, 2026Consolidated Edison closed essentially flat as a cooler-than-expected June CPI report — headline inflation falling to 3.5% from 4.2% — lifted broader equities, with the S&P 500 advancing modestly. Analyst attention was also drawn to Ladenburg Thalmann's price target hike on Con Ed to $113.50 from $101 (maintaining Neutral), reflecting improved valuation assumptions, while the broader utility sector navigated a mixed backdrop of geopolitical uncertainty from renewed U.S.-Iran tensions and Morningstar noting the sector's recent momentum has slowed after a three-year rally.

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July 14, 2026Consolidated Edison edged higher, outperforming the broader market as defensive utility stocks attracted interest amid a risk-off session driven by renewed U.S.-Iran hostilities that sent oil prices surging and pressured equities broadly. The XLU utilities sector ETF held steady on the day as investors rotated toward defensive income plays, with the broader S&P 500 declining on geopolitical uncertainty. Separately, a Seeking Alpha analysis highlighted a key sector divide: utilities with 8%+ CAGR are being re-rated higher as data center electricity demand reshapes growth outlooks, a theme that may weigh on Con Edison given its slower-growth, densely regulated New York City service territory.

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July 11, 2026Consolidated Edison edged higher on Friday, recouping some of Thursday's 1.62% decline as the broader utility sector found modest footing. A notable catalyst for investor attention was UBS raising its price target on ED to $124 from $118, signaling improved confidence in the regulated utility's earnings trajectory. The utility sector (XLU) also closed higher, aided by a flight-to-safety bid as Middle East tensions between the U.S. and Iran continue to simmer. Longer-term, ED's appeal as a defensive dividend play — serving NYC's dense urban grid with ~3.1% yield and ~7.9% earnings growth forecasts — keeps income-oriented investors engaged.

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July 10, 2026Consolidated Edison shares declined, underperforming the broader utilities sector (XLU closed near flat in after-hours) as rising geopolitical tensions between the U.S. and Iran reignited oil-driven inflation fears, pressuring rate-sensitive utility stocks. Adding to the headwinds, UBS raised its price target to $124 from $118, yet the analyst consensus mean sits at $110.93, and Morningstar recently flagged ED as overvalued at a 2-star rating with a $104 fair value estimate—roughly 6% below current levels—after the stock's 11.95% year-to-date run elevated valuation concerns.

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July 9, 2026Consolidated Edison edged lower amid a broad market risk-off session, as President Trump declared the U.S.-Iran peace framework 'over,' sending oil prices surging over 5% and reigniting inflation fears ahead of Fed minutes. The utilities sector (XLU) also retreated, as rising Treasury yields—with the 30-year briefly topping 5%—pressured rate-sensitive defensive names. Despite the pullback, ED has gained roughly 12% year-to-date and recently restored power to over 158,000 customers following severe Westchester County storms, while a Zacks comparison with peer Dominion Energy assigned both stocks a Hold rating with ED trading at a slight discount to sector P/E averages.

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DailyVoice.com · July 17, 2026Family Sues Con Edison After Briarcliff Grandmother's Horrific Death In Open Manhole: ReportCBS News · July 17, 2026Family of woman who fell down NYC manhole sues Con Edison for wrongful deathABC7 New York · July 17, 2026Westchester family of woman killed after falling down Midtown manhole sues Con EdisonNew York Post · July 16, 2026Exclusive | Family of grandmother who gruesomely died after falling into open NYC manhole files wrongful death suit against ConEdStock Titan · July 16, 2026Con Edison Sets Aug. 19 Record Date for 88.75-Cent DividendPR Newswire · July 16, 2026CON EDISON DECLARES COMMON STOCK DIVIDENDStock Titan · May 14, 2026Con Edison, New York power utility, heads to investor conferences
Mt Newswire · July 16, 2026Consolidated Edison Maintains Quarterly Dividend at $0.8875 a Share, Payable on Sept. 15 to Shareholders of Record on Aug 19
Mt Newswire · July 9, 2026UBS Adjusts Price Target on Consolidated Edison to $124 From $118
Mt Newswire · June 24, 2026Morgan Stanley Adjusts Consolidated Edison Price Target to $102 From $99, Maintains Underweight Rating
Mt Newswire · June 24, 2026Market Chatter: Consolidated Edison Needs to Upsize Grid Equipment to Weather Longer Heat Waves, CEO Says
Mt Newswire · June 23, 2026Argus Research Cuts Consolidated Edison Price Target to $112 From $118, Maintains Buy Rating
Benzinga · June 2, 2026Mizuho Downgrades Consolidated Edison to Neutral, Announces $105 Price Target
Mt Newswire · June 2, 2026Mizuho Downgrades Consolidated Edison to Neutral From Outperform, Adjusts PT to $105 From $118
Mt Newswire · May 21, 2026Morgan Stanley Adjusts PT on Consolidated Edison to $99 From $105, Maintains Underweight Rating

Peers

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