Danske Bank A S Acquires 7,763 Shares of Edison International $EIX

Danske Bank A S grew its holdings in Edison International (NYSE:EIX) by 1.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 479,654 shares of the utilities provider’s stock after purchasing an additional 7,763 shares during the quarter. Danske Bank A S’s holdings in Edison International were worth $28,789,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Activest Wealth Management boosted its stake in shares of Edison International by 677.8% in the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 488 shares during the last quarter. CVA Family Office LLC raised its position in shares of Edison International by 113.7% in the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 307 shares during the period. Ransom Advisory Ltd raised its position in shares of Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 259 shares during the period. Quent Capital LLC acquired a new stake in shares of Edison International in the 3rd quarter valued at approximately $40,000. Finally, Ameriflex Group Inc. raised its position in shares of Edison International by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 371 shares during the period. Institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

NYSE EIX opened at $69.91 on Friday. The company has a market capitalization of $26.90 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 1.21 and a beta of 0.69. Edison International has a 12-month low of $47.73 and a 12-month high of $76.21. The firm’s 50 day moving average is $72.04 and its 200-day moving average is $64.23. 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 (NYSE:EIX) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts anticipate that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th were given a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, April 7th. Edison International’s payout ratio is 38.11%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EIX shares. Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. LADENBURG THALM/SH SH reiterated a “sell” rating and issued a $63.00 price target on shares of Edison International in a research report on Thursday, March 5th. UBS Group downgraded shares of Edison International from a “buy” rating to a “neutral” rating and raised their target price for the stock from $70.00 to $78.00 in a report on Friday, February 13th. Mizuho set a $79.00 target price on shares of Edison International in a report on Thursday, February 19th. Finally, Barclays dropped their target price on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a report on Wednesday. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $72.82.

Insider Activity

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

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.