Nordea Investment Management AB Purchases 94,727 Shares of Edison International $EIX

Nordea Investment Management AB raised its position in Edison International (NYSE:EIX) by 5.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,790,277 shares of the utilities provider’s stock after purchasing an additional 94,727 shares during the period. Nordea Investment Management AB’s holdings in Edison International were worth $108,204,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Diligent Investors LLC raised its stake in Edison International by 1.5% during the third quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock worth $768,000 after buying an additional 201 shares during the last quarter. MAI Capital Management boosted its position in Edison International by 20.8% during the second quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 202 shares during the last quarter. Empowered Funds LLC grew 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 acquiring an additional 211 shares during the period. Michels Family Financial LLC grew its holdings in Edison International by 1.5% during the 3rd quarter. Michels Family Financial LLC now owns 15,217 shares of the utilities provider’s stock worth $841,000 after acquiring an additional 231 shares during the period. Finally, Generali Asset Management SPA SGR raised its position in shares of Edison International by 0.7% in the 3rd quarter. Generali Asset Management SPA SGR now owns 31,539 shares of the utilities provider’s stock worth $1,743,000 after acquiring an additional 234 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Edison International Price Performance

EIX stock opened at $69.68 on Monday. 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’s 50-day moving average is $67.71 and its 200-day moving average is $60.89. The stock has a market capitalization of $26.82 billion, a PE ratio of 6.03, a price-to-earnings-growth ratio of 1.13 and a beta of 0.79. Edison International has a 1 year low of $47.73 and a 1 year high of $75.50.

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

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be issued a dividend of $0.8775 per share. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 annualized dividend and a dividend yield of 5.0%. Edison International’s payout ratio is currently 30.36%.

Analysts Set New Price Targets

Several brokerages recently commented on EIX. JPMorgan Chase & Co. upped their target price on Edison International from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, March 18th. Mizuho set a $79.00 target price on Edison International in a report on Thursday, February 19th. LADENBURG THALM/SH SH reissued a “sell” rating and issued a $63.00 price target on shares of Edison International in a research note on Thursday, March 5th. Morgan Stanley restated an “underweight” rating on shares of Edison International in a report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $69.44.

Edison International 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.