Edison International $EIX Shares sold by BI Asset Management Fondsmaeglerselskab A S

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BI Asset Management Fondsmaeglerselskab A S reduced its stake in Edison International (NYSE:EIX) by 22.8% in the third quarter, holding 165,585 shares valued at $9.154 million. Despite mixed analyst sentiment with an average “Hold” rating and a $63.30 price target, institutional ownership in Edison International remains high at 88.95%. The utility company also increased its quarterly dividend to $0.8775, offering a 5.5% annual yield, and reported a market capitalization of $24.5 billion with a P/E ratio of 8.32.

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