Aberdeen Group plc Sells 13,675 Shares of Edison International $EIX

Aberdeen Group plc lessened its position in shares of Edison International (NYSE:EIX) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 620,641 shares of the utilities provider’s stock after selling 13,675 shares during the period. Aberdeen Group plc owned 0.16% of Edison International worth $37,251,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC lifted its holdings in Edison International by 83.5% during the second quarter. AQR Capital Management LLC now owns 9,962,902 shares of the utilities provider’s stock valued at $510,649,000 after purchasing an additional 4,534,864 shares during the last quarter. SG Americas Securities LLC grew 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 valued at $77,863,000 after buying an additional 1,255,034 shares in the last quarter. Man Group plc raised its holdings in Edison International by 109.6% during the 2nd quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock valued at $119,409,000 after acquiring an additional 1,209,964 shares during the period. Allianz Asset Management GmbH raised its holdings in Edison International by 71.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,425,926 shares of the utilities provider’s stock valued at $134,105,000 after acquiring an additional 1,009,508 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Edison International by 59.0% during the third quarter. Victory Capital Management Inc. now owns 2,062,035 shares of the utilities provider’s stock worth $113,989,000 after acquiring an additional 765,562 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on EIX. UBS Group lowered Edison International from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $70.00 to $78.00 in a research note on Friday, February 13th. TD Cowen raised their target price on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. LADENBURG THALM/SH SH reaffirmed a “sell” rating and set a $63.00 target price on shares of Edison International in a report on Thursday, March 5th. Zacks Research downgraded shares of Edison International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $69.44.

Edison International Stock Performance

Edison International stock opened at $73.49 on Friday. Edison International has a fifty-two week low of $47.73 and a fifty-two 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 cap of $28.29 billion, a P/E ratio of 6.36, a price-to-earnings-growth ratio of 1.19 and a beta of 0.77. The firm’s fifty day moving average price is $69.90 and its 200-day moving average price is $62.02.

Edison International (NYSE:EIX) last announced its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the business 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. On average, equities research analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders 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 annualized dividend and a dividend yield of 4.8%. 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.