Edison International $EIX Shares Sold by Andra AP fonden

Andra AP fonden decreased its position in Edison International (NYSE:EIX) by 14.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 481,200 shares of the utilities provider’s stock after selling 83,500 shares during the quarter. Andra AP fonden owned about 0.13% of Edison International worth $26,601,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Edison International by 169.6% in 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 purchasing an additional 78,531 shares in the last quarter. Versor Investments LP boosted its holdings in Edison International by 55.0% during the third quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock worth $2,865,000 after buying an additional 18,381 shares in the last quarter. Nordea Investment Management AB grew its position in Edison International by 1.7% in the third quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock worth $92,984,000 after buying an additional 28,586 shares during the last quarter. Convergence Investment Partners LLC grew its position in Edison International by 67.6% in the third quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock worth $1,494,000 after buying an additional 10,901 shares during the last quarter. Finally, Krilogy Financial LLC increased its holdings in shares of Edison International by 141.8% in the third quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock valued at $1,705,000 after buying an additional 17,616 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EIX. Barclays raised their price objective on Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. LADENBURG THALM/SH SH increased their price target on Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on Edison International from $65.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Finally, Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $67.70.

Edison International Stock Down 1.2%

EIX stock opened at $74.32 on Friday. The company has a 50 day moving average of $63.84 and a two-hundred day moving average of $58.96. The company has a market cap of $28.60 billion, a price-to-earnings ratio of 6.43, a PEG ratio of 1.22 and a beta of 0.82. Edison International has a 12-month low of $47.73 and a 12-month high of $75.50. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 1.92.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share 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 business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior 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, equities analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company 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 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 4.7%. Edison International’s dividend payout ratio (DPR) is 30.36%.

Edison International Company 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.