Consolidated Edison stock (US2091151041): Evercore ISI cuts price target

Evercore ISI lowered its price target on Consolidated Edison to $116 from $117 on May 11, 2026. The utility giant also announced a $2 billion ATM equity offering program.

Consolidated Edison (NYSE:ED), a major U.S. utility provider, saw Evercore ISI adjust its price target downward to $116 from $117, as reported on Marketscreener as of 05/11/2026. Separately, the company announced a $2 billion at-the-market (ATM) equity offering program to potentially sell common shares, according to a press release cited on Marketscreener.

The stock closed at $106.34 on May 8, 2026, down 0.05% on the NYSE, per MarketBeat as of 05/08/2026. In recent quarterly results published earlier, Consolidated Edison reported $2.18 EPS for the quarter, missing estimates of $2.28, with revenue at $5.10 billion versus $5.22 billion expected.

As of: 11.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Consolidated Edison
• Sector/industry: Electric Utilities
• Headquarters/country: United States
• Core markets: New York
• Key revenue drivers: Electricity (74.5%), gas (21.3%), steam (4.2%)
• Home exchange/listing venue: NYSE (ED)
• Trading currency: USD

Consolidated Edison: core business model

Consolidated Edison delivers electricity, gas, and steam primarily in New York City and Westchester County. The company serves approximately 3.6 million electric, 1.1 million gas, and 1,500 steam customers through regulated operations. Its business model centers on reliable utility services with a focus on infrastructure investment and regulatory compliance.

Net sales break down by electricity (74.5%), gas (21.3%), and steam (4.2%), based on company disclosures cited on Marketscreener as of 05/11/2026. With 15,407 employees, it operates as one of the largest energy groups in the U.S.

Main revenue and product drivers for Consolidated Edison

Electricity sales form the bulk of revenue, driven by distribution to urban and suburban customers. Recent quarters showed revenue of $5.10 billion, though below estimates, per MarketBeat data for the period ending prior to May 2026. Gas and steam contribute steadily, supported by seasonal demand and long-term contracts.

Key drivers include capital investments in grid modernization and clean energy transitions, which appeal to regulators and support rate base growth for U.S. investors tracking utility stability.

Industry trends and competitive position

The U.S. electric utilities sector faces pressures from renewable integration and regulatory shifts. Consolidated Edison holds a strong position in the Northeast, benefiting from dense population centers and limited competition due to regulated monopolies. Its market cap stood at around $36 billion as of recent data from Robinhood.

Why Consolidated Edison matters for US investors

As a NYSE-listed utility with significant exposure to the U.S. Northeast economy, Consolidated Edison offers dividend stability—yielding about 3.35%—making it relevant for income-focused portfolios amid economic volatility.

Conclusion

Consolidated Edison continues to navigate analyst adjustments and capital-raising initiatives amid steady utility operations. Recent price target tweaks and the ATM program reflect ongoing market dynamics, while core earnings metrics provide a foundation for evaluation. Investors monitor these developments alongside sector trends for long-term positioning.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.