Board of the Pension Protection Fund Invests $907,000 in Edison International $EIX

Board of the Pension Protection Fund purchased a new position in shares of Edison International (NYSE:EIX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 16,400 shares of the utilities provider’s stock, valued at approximately $907,000.

Other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in Edison International during the second quarter valued at approximately $268,801,000. AQR Capital Management LLC increased its holdings in shares of Edison International by 83.5% in the 2nd quarter. AQR Capital Management LLC now owns 9,962,902 shares of the utilities provider’s stock valued at $510,649,000 after acquiring an additional 4,534,864 shares during the last quarter. ATLAS Infrastructure Partners UK Ltd. increased its holdings in shares of Edison International by 197.2% in the 1st quarter. ATLAS Infrastructure Partners UK Ltd. now owns 4,395,732 shares of the utilities provider’s stock valued at $258,997,000 after acquiring an additional 2,916,645 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Edison International by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 51,470,117 shares of the utilities provider’s stock valued at $2,655,858,000 after acquiring an additional 2,386,562 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its stake in Edison International by 237.2% during the second quarter. Los Angeles Capital Management LLC now owns 1,904,568 shares of the utilities provider’s stock worth $98,276,000 after purchasing an additional 1,339,806 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on EIX shares. Wells Fargo & Company upgraded shares of Edison International to a “hold” rating in a research note on Tuesday, October 28th. Jefferies Financial Group boosted their price objective on shares of Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a research report on Wednesday, October 22nd. TD Cowen began coverage on shares of Edison International in a report on Thursday, October 16th. They issued a “buy” rating and a $71.00 target price on the stock. UBS Group lifted their target price on Edison International from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Finally, Barclays dropped their price target on Edison International from $69.00 to $68.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.50.

Insider Activity at Edison International

In related news, Director Peter J. Taylor sold 1,800 shares of Edison International stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $55.27, for a total value of $99,486.00. Following the transaction, the director directly owned 35,212 shares in the company, valued at $1,946,167.24. The trade was a 4.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.20% of the company’s stock.

Edison International Stock Performance

Shares of NYSE EIX opened at $60.07 on Friday. Edison International has a 12-month low of $47.73 and a 12-month high of $81.02. The company has a market cap of $23.11 billion, a PE ratio of 7.85, a P/E/G ratio of 0.90 and a beta of 0.83. The stock has a 50 day simple moving average of $57.56 and a 200-day simple moving average of $54.81. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.18. The business had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.31 billion. Edison International had a net margin of 17.24% and a return on equity of 13.62%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.51 earnings per share. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. On average, equities research analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Shareholders of record on Wednesday, January 7th will be issued a $0.8775 dividend. This is an increase from Edison International’s previous quarterly dividend of $0.83. This represents a $3.51 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend is Wednesday, January 7th. Edison International’s dividend payout ratio is currently 43.27%.

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.