Natixis Advisors LLC Acquires 201,245 Shares of Edison International $EIX

Natixis Advisors LLC raised its stake in shares of Edison International (NYSE:EIX) by 243.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 283,854 shares of the utilities provider’s stock after buying an additional 201,245 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Edison International worth $15,691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

Several brokerages have recently issued reports on EIX. Wells Fargo & Company cut Edison International from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $56.00 to $59.00 in a report on Tuesday, January 20th. UBS Group cut Edison International from a “buy” rating to a “neutral” rating and raised their price target for the company from $70.00 to $78.00 in a report on Friday, February 13th. Barclays lifted their price objective on Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. LADENBURG THALM/SH SH reaffirmed a “sell” rating and set a $63.00 price objective on shares of Edison International in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. increased their target price on Edison International from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $68.56.

Edison International Stock Down 1.0%

Shares of NYSE:EIX opened at $70.80 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92. Edison International has a 12 month low of $47.73 and a 12 month high of $75.50. The company has a 50-day moving average price of $66.30 and a 200 day moving average price of $60.12. The company has a market cap of $27.24 billion, a price-to-earnings ratio of 6.12, a PEG ratio of 1.16 and a beta of 0.79.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share 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 company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the previous year, the firm posted $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. As a group, 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 announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be given a dividend of $0.8775 per share. The ex-dividend date of this dividend 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%.

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.