Procyon Advisors Trims Stake in Consolidated Edison

Institutional investor reduces holdings in utility company by over 66%

Mar. 24, 2026 at 9:38am

Got story updates? Submit your updates here. ›

Procyon Advisors LLC, an institutional investor, has trimmed its position in Consolidated Edison Inc. (NYSE:ED) by 66.6% during the fourth quarter, according to a recent SEC filing. The firm now owns 6,579 shares of the utilities provider's stock, down from 19,716 shares previously.

Why it matters

Consolidated Edison is a major utility company serving the New York metropolitan area, so changes in institutional ownership can provide insights into investor sentiment around the stock. Procyon Advisors' decision to significantly reduce its stake may signal broader concerns about the company's performance or outlook.

The details

According to the filing, Procyon Advisors sold 13,137 shares of Consolidated Edison stock during the fourth quarter, leaving it with a remaining position valued at $653,000. The firm cited unspecified reasons for the portfolio adjustment. Several other institutional investors have also modified their holdings of Consolidated Edison in recent quarters, with some increasing and others decreasing their positions.

  • Procyon Advisors filed the disclosure on March 24, 2026.
  • The position change occurred during the fourth quarter of 2025.

The players

Procyon Advisors LLC

An institutional investment firm that has reduced its stake in Consolidated Edison.

Consolidated Edison Inc.

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

Got photos? Submit your photos here. ›

The takeaway

Procyon Advisors' decision to significantly trim its Consolidated Edison holdings suggests potential concerns about the utility company's outlook, though the specific reasons are not yet clear. Investors will likely monitor any further changes in institutional ownership of Consolidated Edison stock.