Elo Mutual Pension Insurance Co Reduces Stock Holdings in Edison International $EIX

Elo Mutual Pension Insurance Co reduced its position in shares of Edison International (NYSE:EIX) by 27.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,126 shares of the utilities provider’s stock after selling 13,016 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Edison International were worth $1,886,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EIX. Vanguard Group Inc. grew its position in Edison International by 0.5% during the third quarter. Vanguard Group Inc. now owns 51,739,673 shares of the utilities provider’s stock valued at $2,860,169,000 after buying an additional 269,556 shares during the period. Geode Capital Management LLC boosted its stake in shares of Edison International by 3.5% during the 2nd quarter. Geode Capital Management LLC now owns 12,136,256 shares of the utilities provider’s stock worth $638,576,000 after acquiring an additional 407,039 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Edison International by 83.5% during 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. Invesco Ltd. grew its position in shares of Edison International by 10.8% during the 2nd quarter. Invesco Ltd. now owns 6,392,459 shares of the utilities provider’s stock valued at $329,851,000 after acquiring an additional 621,924 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Edison International by 11.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,593,002 shares of the utilities provider’s stock worth $288,599,000 after purchasing an additional 562,991 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Trading Up 0.0%

EIX stock opened at $73.89 on Thursday. Edison International has a 1-year low of $47.73 and a 1-year high of $75.50. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68. The company has a market capitalization of $28.43 billion, a price-to-earnings ratio of 6.39, a PEG ratio of 1.20 and a beta of 0.79. The business has a 50 day simple moving average of $64.96 and a two-hundred day simple moving average of $59.50.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the firm posted $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. Research analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business 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 $0.8775 dividend. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 annualized dividend and a yield of 4.8%. Edison International’s payout ratio is presently 30.36%.

Wall Street Analyst Weigh In

Several research firms have issued reports on EIX. Zacks Research lowered Edison International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Barclays lifted their price objective on Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Finally, TD Cowen upped their price target on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Edison International has an average rating of “Hold” and an average price target of $67.67.

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.