Banco Santander S.A. Boosts Holdings in Edison International $EIX

Banco Santander S.A. grew its holdings in shares of Edison International (NYSE:EIX) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 399,304 shares of the utilities provider’s stock after acquiring an additional 45,673 shares during the quarter. Banco Santander S.A.’s holdings in Edison International were worth $23,966,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in EIX. Norges Bank purchased a new position in shares of Edison International during the fourth quarter worth approximately $339,311,000. Goldman Sachs Group Inc. increased its stake in Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after purchasing an additional 1,609,847 shares during the period. SG Americas Securities LLC increased its stake in Edison International by 2,970.8% in the 4th quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock worth $77,863,000 after purchasing an additional 1,255,034 shares during the period. Man Group plc increased its stake in Edison International by 109.6% in 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. Finally, Allianz Asset Management GmbH increased its stake in Edison International by 47.8% in the 4th quarter. Allianz Asset Management GmbH now owns 3,586,451 shares of the utilities provider’s stock worth $215,259,000 after purchasing an additional 1,160,525 shares during the period. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Stock Up 0.7%

NYSE:EIX opened at $72.83 on Friday. Edison International has a 1-year low of $47.73 and a 1-year high of $76.21. The company has a market capitalization of $28.02 billion, a PE ratio of 7.91, a P/E/G ratio of 1.25 and a beta of 0.67. The firm’s 50-day moving average price is $70.97 and its 200-day moving average price is $66.96. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities analysts predict that Edison International will post 6.12 EPS for the current fiscal year.

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of $75.30, for a total value of $37,650.00. Following the sale, the director directly owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

EIX has been the topic of a number of analyst reports. LADENBURG THALM/SH SH reaffirmed a “sell” rating and issued a $63.00 price target on shares of Edison International in a research note on Thursday, March 5th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $62.00 price target on shares of Edison International in a research note on Tuesday, April 21st. Mizuho set a $79.00 price target on Edison International in a report on Thursday, February 19th. Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Bank of America reduced their price target on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $72.64.

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.