Envestnet Asset Management Reduces Consolidated Edison Stake

Investment firm cuts holdings in utility company by over 80%

Published on Feb. 28, 2026

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Envestnet Asset Management Inc. lowered its holdings in Consolidated Edison Inc (NYSE:ED) by 82.0% in the 3rd quarter, according to the company's recent SEC filing. The investment firm now owns 20,486 shares of the utilities provider's stock, down from 93,318 shares previously.

Why it matters

This reduction in Envestnet's Consolidated Edison holdings signals a shift in the investment firm's portfolio strategy for the utility company's stock. Consolidated Edison is a major electricity, natural gas, and steam provider in the New York metropolitan area, so changes in institutional ownership can impact the stock's performance.

The details

Envestnet Asset Management sold 93,318 shares of Consolidated Edison during the 3rd quarter, reducing its total position to 20,486 shares worth $2.059 million. The firm cited portfolio rebalancing and adjustments to its utility sector exposure as reasons for the sell-off. Several other hedge funds and institutional investors also modified their Consolidated Edison holdings during the quarter.

  • Envestnet Asset Management reduced its Consolidated Edison stake in the 3rd quarter of 2026.

The players

Envestnet Asset Management Inc.

An investment management firm that provides wealth management solutions to financial advisors and enterprises.

Consolidated Edison Inc.

A major utility company that delivers electricity, natural gas, and steam to customers in the New York metropolitan area.

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The takeaway

Envestnet Asset Management's significant reduction in its Consolidated Edison holdings suggests the investment firm sees limited upside or growth potential in the utility company's stock at this time, despite its status as a major provider of essential services in the New York region.