Fjarde AP Fonden Fourth Swedish National Pension Fund Lowers Stake in Edison International $EIX

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its position in Edison International (NYSE:EIX) by 23.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,835 shares of the utilities provider’s stock after selling 32,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Edison International were worth $5,795,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Kentucky Trust Co raised its holdings in Edison International by 66.7% in the 2nd quarter. Kentucky Trust Co now owns 500 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. American National Bank & Trust purchased a new stake in shares of Edison International in the second quarter valued at $32,000. Laurel Wealth Advisors LLC grew its position in shares of Edison International by 5,064.3% in the second quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 709 shares during the period. CoreFirst Bank & Trust purchased a new stake in shares of Edison International in the second quarter valued at $38,000. Finally, Quent Capital LLC acquired a new position in Edison International in the third quarter valued at $40,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Insider Buying and Selling

In other Edison International news, Director Peter J. Taylor sold 1,800 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $55.27, for a total value of $99,486.00. Following the completion of the transaction, the director owned 35,212 shares in the company, valued at $1,946,167.24. This represents a 4.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Edison International Price Performance

Edison International stock opened at $62.48 on Friday. The firm has a fifty day moving average of $59.14 and a 200-day moving average of $56.14. Edison International has a 52-week low of $47.73 and a 52-week high of $63.97. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $24.04 billion, a P/E ratio of 8.17, a PEG ratio of 0.91 and a beta of 0.83.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.18. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.31 billion. During the same period in the prior year, the company earned $1.51 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. As a group, analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Investors of record on Wednesday, January 7th will be issued a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Wednesday, January 7th. This is an increase from Edison International’s previous quarterly dividend of $0.83. Edison International’s dividend payout ratio (DPR) is 45.88%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on EIX shares. Morgan Stanley set a $57.00 price target on Edison International in a research note on Wednesday, December 17th. Wells Fargo & Company raised shares of Edison International to a “hold” rating in a research report on Tuesday, October 28th. UBS Group reaffirmed a “buy” rating on shares of Edison International in a research report on Friday. Jefferies Financial Group lifted their price target on shares of Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a report on Wednesday, October 22nd. Finally, Cowen started coverage on shares of Edison International in a research note on Wednesday, October 15th. They set a “buy” rating for the company. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edison International currently has an average rating of “Hold” and a consensus price target of $63.50.

Edison International Profile

Edison International is a publicly traded utility holding company based in Rosemead, California, whose principal subsidiary is Southern California Edison (SCE). As an electric utility holding company, Edison International oversees the delivery of electricity through SCE’s integrated network of generation procurement, transmission and distribution infrastructure, serving millions of customers across central, coastal and southern California. The company’s operations focus on reliable energy delivery, customer service, regulatory compliance and long-term infrastructure planning for a complex and high-demand service territory.

The company’s activities include procuring and managing a diverse resource mix, maintaining and upgrading transmission and distribution systems, and implementing grid modernization projects.