Is Consolidated Edison Stock Underperforming the Dow?
New York-based Consolidated Edison, Inc. (ED) is a leading provider of regulated electric, gas, and steam services in New York City, New Jersey, and Westchester County. Valued at $35 billion by market cap, Con Edison also invests in electric and natural gas transmission projects that offer customers access to diverse, low-cost energy supplies.
Companies worth $10 billion or more are generally described as "large-cap stocks," and Consolidated Edison fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the utilities sector. With its 200-year-old reputation of providing such services, ED has established a strong foothold in the industry.
Despite its notable strengths, ED stock has declined 14.9% from its all-time high of $114.87 touched on Apr. 4. Meanwhile, the stock has dropped 4.7% over the past three months, notably outperforming the Dow Jones Industrial Average’s ($DOWI) 7.6% gains during the same time frame.
Over the longer term, ED stock has gained 9.5% on a YTD basis and declined 5.9% over the past 52 weeks, slightly outpacing the Dow’s 8.4% uptick in 2025, while significantly underperforming its 12.8% surge over the past year.
To confirm the recent downturn, ED has traded mostly below its 50-day moving average since early May, with some fluctuations, and dropped below its 200-day moving average in late August.
Con Edison’s stock prices observed a marginal dip in the trading session following the release of its Q2 results on Aug. 7. Although the stock’s price movement wasn’t positive, the company’s overall performance was quite impressive. It observed solid revenue growth across all its businesses, with electric revenues growing 8.9%, gas revenue surging 22.2%, and steam revenues soaring 20.5%. Overall, the company’s topline came in at $3.6 billion, up 11.6% year-over-year and beating the Street’s expectations by 6.2%. Furthermore, its net income for the quarter grew by a staggering 21.8% year-over-year to $246 million.
However, ED has also underperformed its peer, The Southern Company’s (SO) 11.9% surge in 2025 and 3.8% gains over the past 52 weeks.
Among the 15 analysts covering the ED stock, the consensus rating is a “Hold.” Its mean price target of $105.31 suggests a 7.8% upside potential from current price levels.
On the date of publication, Aditya Sarawgi 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. For more information please view the Barchart Disclosure Policy here.