Edison International $EIX Shares Bought by AIA Group Ltd

AIA Group Ltd grew its stake in Edison International (NYSE:EIX) by 192.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 215,462 shares of the utilities provider’s stock after buying an additional 141,734 shares during the period. AIA Group Ltd owned 0.06% of Edison International worth $11,911,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EIX. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Edison International by 169.6% in the third 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 during the last quarter. Versor Investments LP boosted its position in Edison International by 55.0% in the third quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock valued at $2,865,000 after buying an additional 18,381 shares during the last quarter. Nordea Investment Management AB increased its holdings in Edison International by 1.7% in the 3rd 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 period. Convergence Investment Partners LLC increased its holdings in Edison International by 67.6% in the 3rd 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 period. Finally, Krilogy Financial LLC raised its position in Edison International by 141.8% during the 3rd quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock worth $1,705,000 after buying an additional 17,616 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EIX has been the subject of several research reports. Mizuho set a $79.00 price objective on shares of Edison International in a research note on Thursday, February 19th. JPMorgan Chase & Co. increased their price objective on shares of Edison International from $66.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Jefferies Financial Group cut 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. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Edison International has a consensus rating of “Hold” and an average target price of $69.44.

Edison International Stock Performance

NYSE EIX opened at $72.65 on Thursday. The stock has a market capitalization of $27.96 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 1.18 and a beta of 0.79. Edison International has a twelve month low of $47.73 and a twelve month high of $75.50. 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 has a 50-day moving average of $67.29 and a 200 day moving average of $60.64.

Edison International (NYSE:EIX) last issued its quarterly earnings data 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 company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the company earned $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. Sell-side analysts anticipate 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. Shareholders of record on Tuesday, April 7th will be given a dividend of $0.8775 per share. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.8%. Edison International’s dividend payout ratio is currently 30.36%.

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.