Edison International $EIX Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in Edison International (NYSE:EIX) by 23.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 104,835 shares of the utilities provider’s stock after selling 32,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Edison International were worth $5,795,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in shares of Edison International by 112.9% in the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after acquiring an additional 5,190 shares in the last quarter. Empowered Funds LLC increased its holdings in Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after purchasing an additional 211 shares during the last quarter. Woodline Partners LP raised its position in shares of Edison International by 40.7% in the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after purchasing an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Edison International by 153.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after buying an additional 5,290 shares during the last quarter. Finally, Swedbank AB grew its position in shares of Edison International by 6.0% during the second quarter. Swedbank AB now owns 579,758 shares of the utilities provider’s stock worth $29,916,000 after buying an additional 32,824 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on EIX. LADENBURG THALM/SH SH upped their price target on shares of Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. JPMorgan Chase & Co. cut their target price on shares of Edison International from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. Morgan Stanley set a $57.00 price objective on Edison International in a report on Wednesday, December 17th. Finally, Jefferies Financial Group upped their price objective on Edison International from $57.00 to $59.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Edison International currently has a consensus rating of “Hold” and an average target price of $63.50.

Edison International Stock Up 1.6%

NYSE:EIX opened at $62.48 on Friday. The firm has a market capitalization of $24.04 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 0.91 and a beta of 0.83. The stock has a 50 day moving average of $59.14 and a 200-day moving average of $56.14. Edison International has a 52 week low of $47.73 and a 52 week high of $63.97. 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 announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.18. The business had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.31 billion. Edison International had a return on equity of 13.62% and a net margin of 17.24%.The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $1.51 EPS. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. Analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Wednesday, January 7th will be issued a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 5.6%. This is a positive change from Edison International’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Wednesday, January 7th. Edison International’s dividend payout ratio is presently 45.88%.

Insider Activity at Edison International

In related news, Director Peter J. Taylor sold 1,800 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $55.27, for a total value of $99,486.00. Following the sale, the director owned 35,212 shares of the company’s stock, valued at $1,946,167.24. This trade represents a 4.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

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.