Thrivent Financial for Lutherans Increases Position in Edison International $EIX

Thrivent Financial for Lutherans boosted its position in Edison International (NYSE:EIX) by 26.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 530,949 shares of the utilities provider’s stock after buying an additional 112,104 shares during the period. Thrivent Financial for Lutherans’ holdings in Edison International were worth $31,870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. New York Life Investment Management LLC lifted its position in Edison International by 6.8% in the fourth quarter. New York Life Investment Management LLC now owns 55,713 shares of the utilities provider’s stock worth $3,344,000 after purchasing an additional 3,564 shares during the period. Pinnacle Associates Ltd. acquired a new stake in Edison International during the 4th quarter valued at $673,000. Allworth Financial LP raised its stake in Edison International by 28.5% during the 4th quarter. Allworth Financial LP now owns 27,589 shares of the utilities provider’s stock valued at $1,656,000 after purchasing an additional 6,122 shares during the period. SFE Investment Counsel raised its stake in Edison International by 23.0% during the 4th quarter. SFE Investment Counsel now owns 13,700 shares of the utilities provider’s stock valued at $822,000 after purchasing an additional 2,565 shares during the period. Finally, Mainsail Asset Management LLC acquired a new stake in Edison International during the 4th quarter valued at $276,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Trading Up 0.2%

NYSE EIX opened at $69.27 on Monday. Edison International has a 1-year low of $47.73 and a 1-year high of $76.21. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $26.65 billion, a PE ratio of 7.52, a price-to-earnings-growth ratio of 1.20 and a beta of 0.68. The firm’s fifty day simple moving average is $71.20 and its 200-day simple moving average is $65.07.

Edison International (NYSE:EIX) last posted its quarterly 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%. Edison International’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, sell-side analysts anticipate that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 7th were issued a $0.8775 dividend. The ex-dividend date was Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 5.1%. Edison International’s dividend payout ratio is currently 38.11%.

Analyst Upgrades and Downgrades

EIX has been the topic of several recent analyst reports. Jefferies Financial Group cut their target price on shares of Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Bank of America dropped 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. Morgan Stanley dropped their price target on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 21st. Finally, LADENBURG THALM/SH SH reaffirmed a “sell” rating and issued a $63.00 price target on shares of Edison International in a research note on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Edison International currently has a consensus rating of “Hold” and a consensus target price of $72.91.

Insider Transactions at Edison International

In other Edison International news, Director Peter J. Taylor sold 500 shares of the company’s 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate 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.