California Public Employees Retirement System Sells 253,271 Shares of Edison International $EIX

California Public Employees Retirement System lowered its position in Edison International (NYSE:EIX) by 16.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,273,056 shares of the utilities provider’s stock after selling 253,271 shares during the period. California Public Employees Retirement System’s holdings in Edison International were worth $70,375,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. 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 lifted its stake in shares of Edison International by 55.0% in the 3rd quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock valued at $2,865,000 after purchasing an additional 18,381 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Edison International by 1.7% in 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 Edison International by 67.6% in the third quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock worth $1,494,000 after purchasing an additional 10,901 shares in the last quarter. Finally, Krilogy Financial LLC increased its position in Edison International by 141.8% during the third quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock worth $1,705,000 after buying an additional 17,616 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of EIX opened at $72.96 on Tuesday. The company has a market capitalization of $28.08 billion, a PE ratio of 6.31, a price-to-earnings-growth ratio of 1.16 and a beta of 0.79. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68. Edison International has a one year low of $47.73 and a one year high of $75.50. The company’s fifty day moving average price is $66.76 and its 200 day moving average price is $60.44.

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

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be paid a dividend of $0.8775 per share. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 annualized dividend and a yield of 4.8%. Edison International’s dividend payout ratio is presently 30.36%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EIX. Barclays raised their target price on Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Wells Fargo & Company downgraded Edison International from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $56.00 to $59.00 in a research note on Tuesday, January 20th. TD Cowen increased their price objective on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 20th. Morgan Stanley reissued an “underweight” rating on shares of Edison International in a research note on Friday, February 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $68.56.

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.