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Mather Group Reduces Stake in Consolidated Edison
Investment firm cuts holdings in major New York utility by nearly 30%
Mar. 28, 2026 at 10:08am
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Mather Group LLC., a financial services firm, has reduced its stake in Consolidated Edison Inc. (NYSE: ED), a major utility provider in the New York metropolitan area, by 29.5% during the fourth quarter, according to a recent SEC filing.
Why it matters
Consolidated Edison is one of the largest electric, gas, and steam utility companies in the United States, serving millions of customers in New York City and the surrounding region. Changes in institutional ownership of the company's stock can signal shifts in investor sentiment and market expectations around the utility's performance and future prospects.
The details
According to the filing, Mather Group sold 4,720 shares of Consolidated Edison stock during the fourth quarter, reducing its total holdings to 11,282 shares valued at $1,121,000 as of the end of the reporting period. The move comes as Consolidated Edison has faced some headwinds, with analysts issuing 'underweight' or 'hold' ratings on the stock in recent months due to concerns over regulatory challenges and rising costs.
- Mather Group reduced its Consolidated Edison stake during the fourth quarter of 2025.
- The SEC filing reporting the stake reduction was published on March 28, 2026.
The players
Mather Group LLC.
A financial services firm that has reduced its stake in Consolidated Edison, a major New York utility company.
Consolidated Edison Inc.
A large investor-owned energy company that delivers electricity, natural gas, and steam to customers in the New York metropolitan area.
The takeaway
The reduction in Mather Group's Consolidated Edison holdings reflects broader uncertainty around the utility's near-term performance and the challenges it faces in its core New York market, though the company remains a major player in the regional energy landscape.
