Allspring Global Investments Holdings LLC Has $7.18 Million Stake in Edison International $EIX

Allspring Global Investments Holdings LLC raised its holdings in Edison International (NYSE:EIX) by 6.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,883 shares of the utilities provider’s stock after acquiring an additional 7,152 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Edison International were worth $7,183,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EIX. Activest Wealth Management boosted its position in shares of 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 buying an additional 488 shares during the period. CVA Family Office LLC boosted its position in shares of Edison International by 113.7% during the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after buying an additional 307 shares during the period. Ransom Advisory Ltd boosted its position in shares of Edison International by 74.9% during the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after buying an additional 259 shares during the period. CoreFirst Bank & Trust acquired a new position in shares of Edison International during the second quarter worth about $38,000. Finally, Quent Capital LLC acquired a new position in shares of Edison International during the third quarter worth about $40,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Stock Performance

Shares of NYSE EIX opened at $73.57 on Tuesday. The stock has a 50 day moving average price of $70.14 and a 200 day moving average price of $62.20. Edison International has a 52 week low of $47.73 and a 52 week high of $75.50. 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 stock has a market capitalization of $28.32 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77.

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

Edison International Announces Dividend

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

Analyst Upgrades and Downgrades

EIX has been the subject of several recent research reports. TD Cowen upped their price objective on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research report on Friday, February 20th. Jefferies Financial Group reduced their price objective on Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Mizuho set a $79.00 price objective on Edison International in a research report on Thursday, February 19th. Finally, UBS Group cut Edison International from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $70.00 to $78.00 in a research report on Friday, February 13th. Three equities research 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, Edison International presently has a consensus rating of “Hold” and an average price target of $69.44.

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.