Andra AP fonden Has $19.39 Million Position in Edison International $EIX

Andra AP fonden raised its stake in shares of Edison International (NYSE:EIX) by 11.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 264,996 shares of the utilities provider’s stock after acquiring an additional 27,596 shares during the quarter. Andra AP fonden’s holdings in Edison International were worth $19,392,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of Edison International by 69.9% during the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after purchasing an additional 7,521,168 shares in the last quarter. Norges Bank bought a new stake in Edison International during the fourth quarter worth about $339,311,000. Goldman Sachs Group Inc. increased its holdings in shares of Edison International by 41.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after buying an additional 1,609,847 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Edison International by 1,118.0% during the first quarter. Assetmark Inc. now owns 1,601,327 shares of the utilities provider’s stock worth $117,185,000 after buying an additional 1,469,860 shares in the last quarter. Finally, Swedbank AB increased its holdings in Edison International by 207.0% during the 1st quarter. Swedbank AB now owns 2,073,181 shares of the utilities provider’s stock valued at $151,715,000 after purchasing an additional 1,397,858 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Trading Down 0.4%

Shares of EIX opened at $77.33 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. Edison International has a 12-month low of $50.85 and a 12-month high of $79.88. The firm has a market capitalization of $29.76 billion, a PE ratio of 8.40, a price-to-earnings-growth ratio of 6.04 and a beta of 0.66. The stock’s fifty day simple moving average is $72.85 and its 200-day simple moving average is $69.92.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.10. The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts predict that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.8775 per share. The ex-dividend date is Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.5%. Edison International’s payout ratio is currently 38.11%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Edison International in a research report on Monday, July 13th. Truist Financial decreased their price objective on shares of Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Wells Fargo & Company restated an “underweight” rating and issued a $62.00 price objective on shares of Edison International in a research report on Tuesday, April 21st. Finally, Bank of America decreased their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $72.73.

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.