Envestnet Asset Management cut its stake in Consolidated Edison by 82%, selling 93,318 shares and holding 20,486 shares worth $2.06 million. Despite this sell-off and a "Reduce" rating, Consolidated Edison raised its quarterly dividend and surpassed Q4 earnings estimates.

NodeGuardian

2026-03-01 05:11:36

Abstract generation in progress

Envestnet Asset Management Inc. significantly reduced its stake in Consolidated Edison Inc. by 82% in the third quarter of 2025. This reduction involved selling 93,318 shares, leaving the firm with 20,486 shares valued at approximately $2.06 million. Despite this institutional sell-off and a “Reduce” consensus rating from analysts, Consolidated Edison recently increased its quarterly dividend to $0.8875 per share and reported Q4 earnings that beat consensus estimates.

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Envestnet Asset Management Inc. Reduces Stock Position in Consolidated Edison Inc $ED

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