Assenagon Asset Management S.A. Purchases 8,579 Shares of Edison International $EIX

Assenagon Asset Management S.A. increased its position in Edison International (NYSE:EIX) by 73.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,226 shares of the utilities provider’s stock after buying an additional 8,579 shares during the period. Assenagon Asset Management S.A.’s holdings in Edison International were worth $1,214,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Edison International by 169.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after buying an additional 78,531 shares during the period. Versor Investments LP lifted its position in Edison International by 55.0% during the 3rd quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock worth $2,865,000 after acquiring an additional 18,381 shares during the last quarter. Nordea Investment Management AB lifted its position in Edison International by 1.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock worth $92,984,000 after acquiring an additional 28,586 shares during the last quarter. Convergence Investment Partners LLC boosted its holdings in Edison International by 67.6% during the third quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock valued at $1,494,000 after acquiring an additional 10,901 shares during the period. Finally, Krilogy Financial LLC boosted its holdings in Edison International by 141.8% during the third quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock valued at $1,705,000 after acquiring an additional 17,616 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EIX shares. Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Wells Fargo & Company lowered Edison International from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $56.00 to $59.00 in a report on Tuesday, January 20th. Jefferies Financial Group dropped their price target on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. LADENBURG THALM/SH SH restated a “sell” rating and issued a $63.00 price objective on shares of Edison International in a research note on Thursday, March 5th. Finally, Zacks Research lowered shares of Edison International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $69.44.

Edison International Stock Up 1.8%

NYSE EIX opened at $73.16 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92. The stock’s 50 day moving average is $69.12 and its two-hundred day moving average is $61.69. The company has a market capitalization of $28.16 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 1.16 and a beta of 0.79. Edison International has a 1-year low of $47.73 and a 1-year high of $75.50.

Edison International (NYSE:EIX) last issued its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.40. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.During the same period in the prior year, the firm posted $1.05 EPS. 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. Equities analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently announced 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. This represents a $3.51 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, April 7th. 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.