TD Asset Management Inc Boosts Position in Edison International (NYSE:EIX)

TD Asset Management Inc grew its position in Edison International (NYSE:EIX - Free Report) by 29.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 193,031 shares of the utilities provider's stock after purchasing an additional 43,461 shares during the period. TD Asset Management Inc owned approximately 0.05% of Edison International worth $11,373,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Orion Portfolio Solutions LLC grew its holdings in Edison International by 6.4% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,087 shares of the utilities provider's stock worth $1,284,000 after acquiring an additional 966 shares during the period. CIBC Private Wealth Group LLC lifted its stake in Edison International by 5.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 13,126 shares of the utilities provider's stock valued at $1,048,000 after buying an additional 722 shares in the last quarter. O Shaughnessy Asset Management LLC increased its stake in Edison International by 22.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 39,021 shares of the utilities provider's stock worth $3,115,000 after buying an additional 7,152 shares in the last quarter. National Bank of Canada FI increased its position in shares of Edison International by 207.9% during the fourth quarter. National Bank of Canada FI now owns 698,939 shares of the utilities provider's stock worth $55,807,000 after purchasing an additional 471,968 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Edison International by 3.8% during the 4th quarter. Geode Capital Management LLC now owns 9,983,519 shares of the utilities provider's stock worth $795,123,000 after purchasing an additional 362,999 shares during the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Price Performance

Shares of NYSE:EIX traded up $0.97 during midday trading on Friday, hitting $53.09. 5,100,849 shares of the stock were exchanged, compared to its average volume of 3,590,937. Edison International has a twelve month low of $47.73 and a twelve month high of $88.77. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 2.06. The company has a 50 day moving average price of $51.99 and a 200-day moving average price of $54.57. The stock has a market cap of $20.43 billion, a P/E ratio of 7.80, a PEG ratio of 1.23 and a beta of 0.75.

Edison International (NYSE:EIX - Get Free Report) last announced its earnings results on Thursday, July 31st. The utilities provider reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.09. Edison International had a return on equity of 12.11% and a net margin of 16.00%. The firm had revenue of $4.54 billion for the quarter, compared to analysts' expectations of $4.52 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. Edison International's quarterly revenue was up 4.8% on a year-over-year basis. On average, research analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, July 7th were issued a dividend of $0.8275 per share. This represents a $3.31 annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Monday, July 7th. Edison International's dividend payout ratio is presently 46.95%.

Analyst Upgrades and Downgrades

A number of analysts have commented on EIX shares. Barclays increased their price objective on shares of Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley dropped their price target on shares of Edison International from $52.00 to $51.00 and set an "underweight" rating for the company in a research note on Wednesday, June 18th. Wolfe Research lowered shares of Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. JPMorgan Chase & Co. lowered their price objective on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research note on Monday, May 19th. Finally, Evercore ISI reissued an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $76.35.

Edison International Company Profile

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.