TD Asset Management Inc Purchases 17,351 Shares of Edison International $EIX

TD Asset Management Inc grew its position in shares of Edison International (NYSE:EIX) by 3.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 531,096 shares of the utilities provider’s stock after acquiring an additional 17,351 shares during the quarter. TD Asset Management Inc’s holdings in Edison International were worth $31,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ransom Advisory Ltd lifted its holdings in shares of Edison International by 74.9% during the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after buying an additional 259 shares during the period. Ameriflex Group Inc. lifted its holdings in shares of Edison International by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock valued at $41,000 after buying an additional 371 shares during the period. Quest 10 Wealth Builders Inc. lifted its holdings in shares of Edison International by 866.7% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after buying an additional 702 shares during the period. MUFG Securities EMEA plc bought a new position in shares of Edison International during the 2nd quarter valued at $59,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Edison International by 90.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,214 shares of the utilities provider’s stock valued at $67,000 after buying an additional 575 shares during the period. 88.95% of the stock is owned by institutional investors.

Edison International Trading Up 2.3%

Shares of EIX stock opened at $73.46 on Friday. Edison International has a 52-week low of $47.73 and a 52-week high of $76.21. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The firm has a market capitalization of $28.27 billion, a PE ratio of 7.98, a PEG ratio of 1.27 and a beta of 0.67. The stock has a fifty day simple moving average of $70.99 and a two-hundred day simple moving average of $66.49.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts predict that Edison International will post 6.12 EPS for the current fiscal year.

Insider Activity at Edison International

In other Edison International news, Director Peter J. Taylor sold 500 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $75.30, for a total transaction of $37,650.00. Following the completion of the transaction, the director owned 34,212 shares of the company’s stock, valued at $2,576,163.60. This represents a 1.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on EIX. Bank of America reduced their price objective on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Truist Financial reduced their price objective on Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, May 18th. UBS Group lowered Edison International from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $70.00 to $78.00 in a research note on Friday, February 13th. TD Cowen upped their price objective on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, Barclays reduced their price objective on Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $72.64.

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.