Massachusetts Financial Services Co. MA Raises Stock Holdings in Edison International $EIX

Massachusetts Financial Services Co. MA boosted its stake in Edison International (NYSE:EIX) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,346,201 shares of the utilities provider’s stock after buying an additional 220,785 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.13% of Edison International worth $260,859,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Jackson Thornton Wealth Management LLC grew its position in Edison International by 59.7% in the 4th quarter. Jackson Thornton Wealth Management LLC now owns 16,883 shares of the utilities provider’s stock valued at $1,022,000 after acquiring an additional 6,310 shares in the last quarter. Greenleaf Trust grew its position in Edison International by 10.6% in the 4th quarter. Greenleaf Trust now owns 4,652 shares of the utilities provider’s stock valued at $279,000 after acquiring an additional 444 shares in the last quarter. Aaron Wealth Advisors LLC grew its position in Edison International by 6.1% in the 4th quarter. Aaron Wealth Advisors LLC now owns 4,817 shares of the utilities provider’s stock valued at $289,000 after acquiring an additional 278 shares in the last quarter. Cidel Asset Management Inc. grew its position in Edison International by 13.8% in the 4th quarter. Cidel Asset Management Inc. now owns 5,190 shares of the utilities provider’s stock valued at $312,000 after acquiring an additional 630 shares in the last quarter. Finally, Secure Asset Management LLC grew its position in Edison International by 3.1% in the 4th quarter. Secure Asset Management LLC now owns 34,062 shares of the utilities provider’s stock valued at $2,044,000 after acquiring an additional 1,027 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Stock Performance

Shares of Edison International stock opened at $75.75 on Monday. Edison International has a one year low of $47.73 and a one year high of $76.21. The company has a market cap of $29.16 billion, a PE ratio of 6.55, a P/E/G ratio of 1.23 and a beta of 0.77. 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 business has a 50-day simple moving average of $71.12 and a 200-day simple moving average of $62.75.

Edison International (NYSE:EIX) last announced its quarterly earnings data 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 return on equity of 14.87% and a net margin of 24.34%.The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the company 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, equities research analysts forecast that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.6%. Edison International’s payout ratio is currently 30.36%.

Analysts Set New Price Targets

EIX has been the subject of several research reports. Mizuho set a $79.00 target price on Edison International in a research report on Thursday, February 19th. Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Jefferies Financial Group dropped their target price 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. Finally, TD Cowen lifted their target price on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock 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.