Is Consolidated Edison Stock Underperforming the Nasdaq?

Is Consolidated Edison Stock Underperforming the Nasdaq?

Thu, September 17, 2026 at 1:36 PM GMT+3 2 min read

• ED -1.52%
• ^IXIC +0.39%

Consolidated Edison, Inc. (ED), headquartered in New York, is a regulated utility company engaged primarily in electric, gas, and steam delivery businesses. With a market cap of roughly $38.9 billion, the company increasingly focuses its strategy on strengthening its core utility operations and investing in grid infrastructure, reliability, and system resilience.

Companies with a market cap of $10 billion or more are generally considered "large-cap stocks," and ED clearly falls into this category, highlighting its scale and importance within the regulated electric utilities industry. Edison continues to benefit from sustained investment in its utility infrastructure as electricity demand rises and the grid faces growing requirements from electrification and new large-scale loads.

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ED has pulled back 9.3% from its 52-week high of $116.23, reached on Mar. 17. Meanwhile, over the past three months, ED stock has declined 2.4%, while the Nasdaq Composite ($NASX) dropped marginally, highlighting its relatively muted momentum compared with the broader market in this timeframe.

In the longer term, the stock's total return is about 6.1% on a year-to-date (YTD) basis, while its past 52 weeks total return stood at 10.3%. By comparison, the NASX was up 11.8% and 16.3%, respectively, indicating that ED has lagged the technology-heavy benchmark.

Although the stock has underperformed, it has been trading above its 200-day moving average since the beginning of this year except for some occasional fluctuations. However, the stock has been trading below the 50-day moving average since late July.

ED stock's decline over the past three months appears to be largely tied to pressure on rate-sensitive utility shares as Treasury yields moved higher, alongside relatively modest earnings growth that has offered limited near-term momentum for the stock. U.S. Treasury yields recently reached their highest levels since 2007 amid renewed inflation concerns, weighing on equities and particularly interest-rate-sensitive sectors such as utilities.

Meanwhile, Con Edison's fundamentals remained relatively steady, with second-quarter adjusted EPS rising to $0.83 from $0.67 a year earlier and full-year 2026 adjusted EPS guidance reaffirmed at $6.00-$6.20.

Notably, ED has outperformed some of its utility peers over the longer term. PG&E Corporation (PCG), for instance, has declined 16.9% YTD and 10.7% over the past year, lagging behind ED.

Wall Street remains cautious. The stock carries a consensus "Hold" rating, with analysts' average price target around $110.85, representing only 5.1% upside from recent trading levels.

On the date of publication, Subhasree Kar 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. This article was originally published on Barchart.com