Nordea Investment Management AB Has $108.20 Million Stock Position in Edison International $EIX

Nordea Investment Management AB increased its holdings in shares of Edison International (NYSE:EIX) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,790,277 shares of the utilities provider’s stock after buying an additional 94,727 shares during the quarter. Nordea Investment Management AB owned 0.47% of Edison International worth $108,204,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. CWA Asset Management Group LLC raised its stake in Edison International by 19.1% during the fourth quarter. CWA Asset Management Group LLC now owns 18,551 shares of the utilities provider’s stock worth $1,113,000 after acquiring an additional 2,971 shares in the last quarter. Riversedge Advisors LLC acquired a new stake in shares of Edison International in the 4th quarter valued at approximately $393,000. Ransom Advisory Ltd boosted its stake in shares of Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 259 shares in the last quarter. Board of the Pension Protection Fund grew its holdings in shares of Edison International by 72.6% during the 4th quarter. Board of the Pension Protection Fund now owns 28,300 shares of the utilities provider’s stock valued at $1,699,000 after purchasing an additional 11,900 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of Edison International by 24.9% during the 4th quarter. Park Avenue Securities LLC now owns 16,538 shares of the utilities provider’s stock valued at $993,000 after purchasing an additional 3,295 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Price Performance

EIX stock opened at $69.68 on Monday. The company has a market capitalization of $26.82 billion, a P/E ratio of 6.03, a PEG ratio of 1.13 and a beta of 0.79. The company has a fifty day moving average price of $67.71 and a 200-day moving average price of $60.89. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. Edison International has a 52-week low of $47.73 and a 52-week high of $75.50.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.40. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same quarter in the previous year, the firm 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. As a group, equities analysts expect that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be paid a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 annualized dividend and a dividend yield of 5.0%. Edison International’s dividend payout ratio is presently 30.36%.

Wall Street Analyst Weigh In

Several brokerages recently commented on EIX. Mizuho set a $79.00 price objective on shares of Edison International in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. JPMorgan Chase & Co. upped their price target on shares of Edison International from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, March 18th. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a research note on Friday, February 20th. Finally, Barclays raised their price objective on Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Edison International presently has a consensus rating of “Hold” and a consensus target price of $69.44.

About Edison International

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.