Bank of Montreal Can Increases Stake in Consolidated Edison

The institutional investor now owns over 594,000 shares of the utilities provider

Mar. 13, 2026 at 7:27am

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Bank of Montreal Can, an institutional investor, increased its holdings in shares of Consolidated Edison Inc. (NYSE:ED) by 1.9% during the 3rd quarter, according to a recent SEC filing. The investor now owns 594,109 shares of the utilities provider's stock, valued at approximately $59.72 million.

Why it matters

Consolidated Edison is a major utility company serving the New York metropolitan area, and institutional investors like Bank of Montreal Can closely monitor and adjust their positions in the stock. This increase in ownership stake signals the investor's confidence in the company's performance and future prospects.

The details

According to the filing, Bank of Montreal Can purchased an additional 11,336 shares of Consolidated Edison during the 3rd quarter, bringing its total ownership to approximately 0.16% of the company's outstanding shares. The investor cited the utilities provider's stable financial performance and growth potential as reasons for the increased investment.

  • Bank of Montreal Can increased its Consolidated Edison holdings during the 3rd quarter of the year.

The players

Bank of Montreal Can

An institutional investor and subsidiary of Bank of Montreal, one of the largest banks in Canada.

Consolidated Edison Inc.

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

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The takeaway

This investment by Bank of Montreal Can reflects the institutional investor's confidence in Consolidated Edison's long-term growth and stability as a leading utility provider in the New York region.