Elo Mutual Pension Insurance Co Lowers Stock Position in Edison International $EIX

Elo Mutual Pension Insurance Co cut its holdings in Edison International (NYSE:EIX) by 27.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,126 shares of the utilities provider’s stock after selling 13,016 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Edison International were worth $1,886,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of EIX. Activest Wealth Management boosted its stake in Edison International by 677.8% during the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 488 shares in the last quarter. CVA Family Office LLC boosted its position in shares of Edison International by 113.7% in the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 307 shares in the last quarter. Laurel Wealth Advisors LLC grew its stake in shares of Edison International by 5,064.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock worth $37,000 after buying an additional 709 shares during the last quarter. Quent Capital LLC purchased a new stake in shares of Edison International in the 3rd quarter worth approximately $40,000. Finally, CoreFirst Bank & Trust bought a new position in Edison International during the 2nd quarter valued at approximately $38,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on EIX. TD Cowen boosted their target price on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, February 20th. JPMorgan Chase & Co. upped their price target on shares of Edison International from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Jefferies Financial Group cut their price objective on shares of Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. Wells Fargo & Company cut shares of Edison International from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $56.00 to $59.00 in a report on Tuesday, January 20th. Finally, Zacks Research downgraded shares of Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Edison International has a consensus rating of “Hold” and a consensus price target of $67.67.

Edison International Price Performance

Shares of NYSE:EIX opened at $73.89 on Thursday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. The firm has a market cap of $28.43 billion, a price-to-earnings ratio of 6.39, a price-to-earnings-growth ratio of 1.20 and a beta of 0.79. The business has a 50-day simple moving average of $64.96 and a two-hundred day simple moving average of $59.50. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $75.50.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the business posted $1.05 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. On average, analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be paid a dividend of $0.8775 per share. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.8%. Edison International’s payout ratio is currently 30.36%.

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.