TD Asset Management Inc. trimmed its holdings in Edison International (NYSE:EIX) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 126,777 shares of the utilities provider’s stock after selling 1,589 shares during the period. TD Asset Management Inc.’s holdings in Edison International were worth $9,783,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norinchukin Bank The grew its stake in Edison International by 2.9% in the 3rd quarter. Norinchukin Bank The now owns 25,949 shares of the utilities provider’s stock valued at $2,002,000 after acquiring an additional 738 shares during the last quarter. ING Groep NV grew its stake in Edison International by 64.0% in the 3rd quarter. ING Groep NV now owns 28,157 shares of the utilities provider’s stock valued at $2,173,000 after acquiring an additional 10,991 shares during the last quarter. D.A. Davidson & CO. grew its stake in Edison International by 21.3% in the 3rd quarter. D.A. Davidson & CO. now owns 10,996 shares of the utilities provider’s stock valued at $848,000 after acquiring an additional 1,934 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Edison International by 1.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 68,711 shares of the utilities provider’s stock valued at $5,302,000 after acquiring an additional 957 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in Edison International by 10.6% in the 3rd quarter. Pacer Advisors Inc. now owns 7,728 shares of the utilities provider’s stock valued at $596,000 after acquiring an additional 741 shares during the last quarter. 81.36% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Edison International (NYSE:EIX) opened at $80.76 on Friday. Edison International has a 12 month low of $68.01 and a 12 month high of $83.38. The stock has a market cap of $26,312.50, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.93 and a beta of 0.23. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80.

Edison International (NYSE:EIX) last released its earnings results on Monday, October 30th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.10. Edison International had a net margin of 13.18% and a return on equity of 10.84%. The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.53 billion. During the same period last year, the company earned $1.29 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. sell-side analysts predict that Edison International will post 4.33 earnings per share for the current fiscal year.

In related news, insider Ronald L. Litzinger sold 224,718 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $82.00, for a total value of $18,426,876.00. Following the sale, the insider now directly owns 14,121 shares of the company’s stock, valued at $1,157,922. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.41% of the stock is currently owned by company insiders.

A number of brokerages recently commented on EIX. BMO Capital Markets reissued a “buy” rating and issued a $85.00 price objective on shares of Edison International in a research note on Thursday, August 17th. Jefferies Group reissued a “buy” rating on shares of Edison International in a research note on Thursday, August 17th. ValuEngine raised shares of Edison International from a “hold” rating to a “buy” rating in a research note on Wednesday, November 15th. SunTrust Banks reissued a “buy” rating and issued a $89.00 price objective on shares of Edison International in a research note on Monday, October 2nd. Finally, BidaskClub raised shares of Edison International from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Edison International presently has a consensus rating of “Hold” and a consensus price target of $85.08.

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Edison International Company Profile

Edison International is the holding company of Southern California Edison Company (SCE). As of December 31, 2016, SCE, a public utility, was primarily engaged in the business of supplying and delivering electricity to an approximately 50,000 square mile area of southern California. The Company is also the parent company of Edison Energy Group, Inc (Edison Energy Group), a holding company for subsidiaries engaged in pursuing competitive business opportunities across energy services and distributed solar to commercial and industrial customers.

Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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