TD Asset Management Inc Buys 190,425 Shares of Edison International $EIX

TD Asset Management Inc raised its position in shares of Edison International (NYSE:EIX) by 58.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 513,745 shares of the utilities provider’s stock after acquiring an additional 190,425 shares during the period. TD Asset Management Inc owned approximately 0.13% of Edison International worth $28,400,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in EIX. Mirae Asset Global Investments Co. Ltd. increased its position in Edison International by 169.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after acquiring an additional 78,531 shares during the period. Versor Investments LP boosted its holdings in Edison International by 55.0% in the 3rd quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock valued at $2,865,000 after purchasing an additional 18,381 shares during the period. Nordea Investment Management AB grew its position in shares of Edison International by 1.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock worth $92,984,000 after purchasing an additional 28,586 shares in the last quarter. Convergence Investment Partners LLC increased its holdings in shares of Edison International by 67.6% during the third quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock worth $1,494,000 after purchasing an additional 10,901 shares during the period. Finally, Krilogy Financial LLC raised its position in shares of Edison International by 141.8% in the third quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock valued at $1,705,000 after buying an additional 17,616 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EIX. Mizuho set a $79.00 price target on Edison International in a research report on Thursday, February 19th. JPMorgan Chase & Co. upped their target price on Edison International from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. TD Cowen raised their price target on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Zacks Research downgraded shares of Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Edison International presently has an average rating of “Hold” and an average target price of $67.70.

Edison International Trading Up 0.4%

Shares of EIX stock opened at $74.69 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $75.50. The company has a market cap of $28.74 billion, a PE ratio of 6.46, a P/E/G ratio of 1.22 and a beta of 0.82. The stock’s fifty day moving average price is $64.14 and its two-hundred day moving average price is $59.12.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the company earned $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. Equities analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be given a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Tuesday, April 7th. Edison International’s dividend payout ratio is currently 30.36%.

About Edison International

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.