Toronto Dominion Bank Acquires 29,446 Shares of Edison International (NYSE:EIX)

Toronto Dominion Bank raised its position in Edison International (NYSE:EIX - Free Report) by 16.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 210,362 shares of the utilities provider's stock after purchasing an additional 29,446 shares during the period. Toronto Dominion Bank owned about 0.05% of Edison International worth $16,795,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in EIX. Bleakley Financial Group LLC raised its holdings in shares of Edison International by 2.9% in the 4th quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider's stock worth $503,000 after purchasing an additional 176 shares during the period. Whittier Trust Co. raised its stake in Edison International by 4.9% during the 4th quarter. Whittier Trust Co. now owns 4,295 shares of the utilities provider's stock valued at $343,000 after acquiring an additional 200 shares in the last quarter. Vontobel Holding Ltd. raised its stake in shares of Edison International by 5.0% in the 4th quarter. Vontobel Holding Ltd. now owns 4,579 shares of the utilities provider's stock worth $366,000 after buying an additional 216 shares in the last quarter. FSB Premier Wealth Management Inc. raised its stake in shares of Edison International by 5.2% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 4,403 shares of the utilities provider's stock worth $352,000 after buying an additional 217 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Edison International by 0.4% in the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 54,673 shares of the utilities provider's stock worth $4,365,000 after acquiring an additional 218 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Trading Down 0.5%

Edison International stock traded down $0.27 during trading hours on Friday, reaching $55.61. 6,137,558 shares of the company's stock were exchanged, compared to its average volume of 3,057,738. The company has a quick ratio of 0.81, a current ratio of 0.88 and a debt-to-equity ratio of 1.96. The firm's 50 day simple moving average is $56.61 and its 200 day simple moving average is $63.74. Edison International has a twelve month low of $49.06 and a twelve month high of $88.77. The firm has a market capitalization of $21.40 billion, a PE ratio of 16.31, a PEG ratio of 1.07 and a beta of 0.77.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The utilities provider reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.16. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The business had revenue of $3.81 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same quarter last year, the firm earned $1.13 EPS. The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. Research analysts predict that Edison International will post 4.95 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price target on Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Mizuho lowered their price target on Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a research note on Monday, March 3rd. Barclays upped their price objective on Edison International from $64.00 to $67.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Evercore ISI reiterated an "outperform" rating on shares of Edison International in a research report on Thursday, May 15th. Finally, UBS Group upgraded Edison International from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $69.00 to $65.00 in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $76.89.

Edison International 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.