Bank of Nova Scotia Boosts Stake in Edison International

The Canadian bank increased its holdings in the California utility company by over 700% in the third quarter.

Mar. 17, 2026 at 7:35am

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Bank of Nova Scotia, a major Canadian financial institution, significantly increased its stake in Edison International, a California-based utility company, by 743.5% in the third quarter of the previous year. The bank now owns 339,458 shares of Edison International, valued at around $18.8 million, making it one of the larger institutional investors in the company.

Why it matters

This sizable investment by a major bank in Edison International, a key player in California's energy landscape, suggests confidence in the utility's long-term prospects. The move also highlights the growing interest from institutional investors in the utilities sector, particularly as the industry navigates the transition to renewable energy sources.

The details

According to a recent 13F filing with the Securities and Exchange Commission, Bank of Nova Scotia purchased an additional 299,215 shares of Edison International during the third quarter, bringing its total holdings to 339,458 shares. This represents a significant increase from the bank's previous stake in the company. Edison International is a utility holding company that oversees the delivery of electricity through its subsidiary, Southern California Edison, serving millions of customers across central, coastal, and southern California.

  • Bank of Nova Scotia increased its stake in Edison International during the third quarter of the previous year.

The players

Bank of Nova Scotia

A major Canadian financial institution that has significantly increased its investment in Edison International, a California-based utility company.

Edison International

A utility holding company that oversees the delivery of electricity through its subsidiary, Southern California Edison, serving millions of customers across central, coastal, and southern California.

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The takeaway

This investment by Bank of Nova Scotia in Edison International highlights the growing interest from institutional investors in the utilities sector, particularly as the industry navigates the transition to renewable energy sources. The sizable increase in the bank's stake suggests confidence in Edison International's long-term prospects and the company's role in California's energy landscape.