Securian Asset Management Inc. Sells 8,100 Shares of Edison International $EIX

Securian Asset Management Inc. lessened its stake in Edison International (NYSE:EIX) by 43.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,463 shares of the utilities provider’s stock after selling 8,100 shares during the quarter. Securian Asset Management Inc.’s holdings in Edison International were worth $628,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in shares of Edison International by 112.9% in the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after purchasing an additional 5,190 shares during the period. Empowered Funds LLC lifted its stake in Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares during the last quarter. Woodline Partners LP grew its holdings in Edison International by 40.7% during the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after purchasing an additional 9,459 shares during the period. Sivia Capital Partners LLC increased its position in Edison International by 153.6% during the second quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock worth $451,000 after buying an additional 5,290 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in Edison International during the second quarter worth approximately $302,000. 88.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Edison International news, Director Peter J. Taylor sold 500 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $75.30, for a total transaction of $37,650.00. Following the sale, the director directly owned 34,212 shares in the company, valued at $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by corporate insiders.

Edison International Trading Up 0.2%

Shares of NYSE:EIX opened at $70.75 on Friday. The company has a market capitalization of $27.22 billion, a P/E ratio of 7.68, a P/E/G ratio of 1.22 and a beta of 0.68. Edison International has a 1 year low of $47.73 and a 1 year high of $76.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. The business’s 50 day simple moving average is $71.29 and its 200 day simple moving average is $64.99.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.10. The firm had revenue of $4.10 billion during 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 company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts anticipate that Edison International will post 6.12 EPS for the current fiscal year.

Edison International Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on EIX shares. LADENBURG THALM/SH SH reaffirmed a “sell” rating and issued a $63.00 price objective on shares of Edison International in a research report on Thursday, March 5th. JPMorgan Chase & Co. increased their price target on Edison International from $74.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Barclays cut their price target on Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. TD Cowen lifted their price objective on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Morgan Stanley decreased their price objective on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edison International has an average rating of “Hold” and a consensus price target of $72.82.

About Edison International

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.