Board of the Pension Protection Fund Acquires 11,900 Shares of Edison International $EIX

Board of the Pension Protection Fund raised its stake in shares of Edison International (NYSE:EIX) by 72.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,300 shares of the utilities provider’s stock after buying an additional 11,900 shares during the quarter. Edison International comprises approximately 1.6% of Board of the Pension Protection Fund’s holdings, making the stock its 14th largest position. Board of the Pension Protection Fund’s holdings in Edison International were worth $1,699,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in Edison International by 169.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after acquiring an additional 78,531 shares in the last quarter. Versor Investments LP increased its stake in Edison International by 55.0% during the third quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock worth $2,865,000 after acquiring an additional 18,381 shares during the last quarter. Nordea Investment Management AB raised its position in Edison International by 1.7% during the third quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock valued at $92,984,000 after purchasing an additional 28,586 shares during the period. Convergence Investment Partners LLC raised its position in Edison International by 67.6% during the third quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock valued at $1,494,000 after purchasing an additional 10,901 shares during the period. Finally, Krilogy Financial LLC lifted its stake in shares of Edison International by 141.8% in the 3rd quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock valued at $1,705,000 after purchasing an additional 17,616 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Trading Down 1.2%

Shares of Edison International stock opened at $71.78 on Friday. 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 firm has a fifty day moving average price of $67.54 and a 200 day moving average price of $60.72. Edison International has a 1 year low of $47.73 and a 1 year high of $75.50. The stock has a market cap of $27.63 billion, a PE ratio of 6.21, a price-to-earnings-growth ratio of 1.17 and a beta of 0.79.

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

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be paid a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.9%. Edison International’s dividend payout ratio (DPR) is currently 30.36%.

Analyst Upgrades and Downgrades

EIX has been the subject of several recent analyst reports. Jefferies Financial Group dropped their price objective on shares of Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. JPMorgan Chase & Co. lifted their price target on shares of Edison International from $66.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday. LADENBURG THALM/SH SH reaffirmed a “sell” rating and issued a $63.00 price objective on shares of Edison International in a research note on Thursday, March 5th. Zacks Research downgraded Edison International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $69.44.

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.