Avanza Fonder AB Acquires Shares of 21,412 Edison International $EIX

Avanza Fonder AB bought a new position in Edison International (NYSE:EIX) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,412 shares of the utilities provider’s stock, valued at approximately $1,285,000.

A number of other large investors have also made changes to their positions in EIX. SG Americas Securities LLC boosted its stake in Edison International by 2,970.8% in the 4th quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock worth $77,863,000 after purchasing an additional 1,255,034 shares during the period. Assenagon Asset Management S.A. raised its stake in Edison International by 73.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 20,226 shares of the utilities provider’s stock valued at $1,214,000 after purchasing an additional 8,579 shares during the period. Diversified Trust Co. acquired a new stake in Edison International during the 4th quarter valued at $632,000. 180 Wealth Advisors LLC purchased a new stake in shares of Edison International in the fourth quarter valued at $203,000. Finally, Firethorn Wealth Partners LLC boosted its position in shares of Edison International by 15.0% in the fourth quarter. Firethorn Wealth Partners LLC now owns 13,334 shares of the utilities provider’s stock worth $800,000 after buying an additional 1,742 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Trading Up 0.8%

NYSE EIX opened at $71.24 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. Edison International has a 1-year low of $47.73 and a 1-year high of $75.50. The firm’s fifty day simple moving average is $68.14 and its 200-day simple moving average is $61.12. The company has a market capitalization of $27.42 billion, a PE ratio of 6.16, a price-to-earnings-growth ratio of 1.14 and a beta of 0.79.

Edison International (NYSE:EIX) last issued its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, beating 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 firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter 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. As a group, sell-side analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be issued a $0.8775 dividend. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.9%. Edison International’s dividend payout ratio is currently 30.36%.

Wall Street Analysts Forecast Growth

EIX has been the topic of a number of research analyst reports. Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. JPMorgan Chase & Co. raised their price objective on Edison International from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 18th. 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 note on Friday, February 20th. LADENBURG THALM/SH SH reiterated a “sell” rating and issued a $63.00 target price on shares of Edison International in a report on Thursday, March 5th. Finally, Mizuho set a $79.00 price target on shares of Edison International in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Edison International has an average rating of “Hold” and an average 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.