Gleason Group 13F: Exits Consolidated Edison (ED) Stake

Gleason Group closed out its investment in Consolidated Edison, Inc. (NYSE: ED), completely liquidating its holdings during the quarter. According to a Form 13F filing with the Securities and Exchange Commission on October 15, 2026, the fund sold all 764 shares it previously owned, reducing its stake to zero. Because 13F filings are backward-looking documents that reveal positions at the end of a prior quarter, this report captures past activity and may not reflect the investor's current portfolio.

What Changed in Gleason Group's Consolidated Edison Position

Gleason Group completely exited its position in Consolidated Edison by shedding 764 shares. The firm held 764 shares prior to the sale and finished the reported period with zero shares remaining.

Other Institutional Activity in Consolidated Edison

Other major fund managers made substantial adjustments to their positions in the utility provider during the same reporting window. Blackrock Inc. grew its holdings by 2,209,551 shares, ending with 41,665,829 shares worth about $4,677,406,052 following a 5.6% increase. State Street Corporation added 213,968 shares to finish with 25,094,015 shares valued at approximately $2,817,054,177 after a 0.9% increase. Vanguard Capital Management LLC boosted its stake by 587,444 shares, wrapping up the quarter with 24,085,197 shares worth about $2,703,804,266 following a 2.5% increase. Vanguard Portfolio Management LLC lifted its holdings by 475,383 shares to end with 19,117,849 shares valued at roughly $2,146,169,769, representing a 2.5% gain. Geode Capital Management, LLC grew its stake by 363,348 shares, closing the period with 10,685,732 shares worth about $1,199,580,297 after a 3.5% increase.

Consolidated Edison, Inc. Stock Up 1.8%

Consolidated Edison shares recently traded around $111.87 as of October 16, 2026. The stock trades above its 50-day moving average of $106.42 and above its 200-day moving average of $108.23. The utility sits below its 52-week high of $116.23 and above its 52-week low of $94.96.

Recent Earnings

Consolidated Edison reported trailing-twelve-month revenue of $17,689,000,000 alongside earnings of $6.07 per share. The company generated a net profit margin of 12.5% and a return on equity of 9.0%. Investors look ahead to the company's next earnings report on November 5, 2026, for fresh updates on financial performance.

Dividend

Consolidated Edison pays an annual dividend rate of $3.51 per share, giving it a dividend yield of 3.2%. The company allocates 57.2% of its earnings to dividend payouts.

Insider Buying and Selling at Consolidated Edison, Inc.

Company insiders also transacted in company stock ahead of the filing period. On February 27, 2026, Director William J. Mulrow sold 7,912 shares at an average price of $112.81 for a total value of $892,553. Later, on March 12, 2026, General Counsel Deneen L. Donnley sold 1,922 shares at an average price of $113.94 for a total of $218,993. On March 16, 2026, Officer Joseph Miller executed a purchase valued at $109.00 at a price of $115.55.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock across several dates. On August 17, 2026, Evercore ISI Group maintained its In-Line rating while lowering its price target to $112.00 from $116.00. Morgan Stanley maintained an Underweight rating on August 21, 2026, and cut its target from $105.00 to $101.00, followed by another target reduction to $97.00 on September 18, 2026. Wells Fargo upgraded the stock to Overweight on October 1, 2026, raising its target to $118.00 from $108.00. Keybanc maintained an Underweight rating on October 13, 2026, trimming its target to $87.00 from $94.00. Across the broader analyst community, the stock carries a consensus hold rating with a mean price target of $108.66 based on 16 analyst opinions.

About Consolidated Edison

Consolidated Edison operates as a utility holding company providing regulated electric, gas, and steam delivery services to millions of customers across New York City and Westchester County. Institutional portfolio adjustments like Gleason Group's exit offer insight into how professional money managers balance utility exposure within broader equity allocations.

Bottom Line

Investors tracking Consolidated Edison should watch for the upcoming earnings release on November 5, 2026, to gauge the company's operational progress. Because 13F reports only show historical snapshot data from past quarters, monitoring subsequent filings will reveal whether other institutional portfolios continue to pare back or expand their positions.