Equitable Trust Co. Trims Stake in Edison International $EIX

Equitable Trust Co. cut its holdings in shares of Edison International (NYSE:EIX) by 28.0% in the third quarter, HoldingsChannel.com reports. The firm owned 20,333 shares of the utilities provider’s stock after selling 7,894 shares during the quarter. Equitable Trust Co.’s holdings in Edison International were worth $1,124,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in Edison International in the second quarter valued at about $268,801,000. AQR Capital Management LLC raised its stake 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 period. Vanguard Group Inc. raised its stake in shares of Edison International by 4.9% in 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 during the period. Los Angeles Capital Management LLC boosted its position in shares of Edison International by 237.2% during the 2nd 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 period. Finally, Man Group plc boosted its position in shares of Edison International by 109.6% during the 2nd quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock worth $119,409,000 after purchasing an additional 1,209,964 shares during the period. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Trading Up 1.2%

NYSE:EIX opened at $74.64 on Tuesday. Edison International has a 12-month low of $47.73 and a 12-month high of $74.81. The firm has a market cap of $28.72 billion, a PE ratio of 6.46, a price-to-earnings-growth ratio of 1.19 and a beta of 0.82. 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 fifty day moving average price of $62.91 and a 200 day moving average price of $58.59.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.40. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.During the same quarter in the prior year, the business earned $1.05 EPS. 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 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently announced 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 of this dividend is Tuesday, April 7th. This represents a $3.51 annualized dividend and a yield of 4.7%. Edison International’s dividend payout ratio (DPR) is 30.36%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EIX. Zacks Research cut Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Barclays boosted their price objective on Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday. Jefferies Financial Group decreased their target price on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Finally, Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Edison International presently has a consensus rating of “Hold” and an average target price of $67.70.

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.