Swedbank AB Has $151.72 Million Stock Position in Edison International $EIX

Swedbank AB boosted its holdings in shares of Edison International (NYSE:EIX) by 207.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,073,181 shares of the utilities provider’s stock after buying an additional 1,397,858 shares during the quarter. Swedbank AB’s holdings in Edison International were worth $151,715,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EIX. Jones Financial Companies Lllp increased its stake in shares of Edison International by 112.9% in the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after purchasing an additional 5,190 shares during the period. Empowered Funds LLC increased its holdings 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 buying an additional 211 shares during the period. Woodline Partners LP increased its holdings in Edison International by 40.7% in the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after buying an additional 9,459 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Edison International by 153.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after buying an additional 5,290 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new position in shares of Edison International in the 2nd quarter valued at $302,000. Institutional investors own 88.95% of the company’s stock.

Insider Activity

In related news, Director Peter J. Taylor sold 500 shares of Edison International stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $75.30, for a total value of $37,650.00. Following the completion of the transaction, the director directly owned 34,212 shares of the company’s stock, valued at $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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.

Wall Street Analysts Forecast Growth

EIX has been the topic of several recent research reports. Barclays decreased their target price on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Wells Fargo & Company reissued an “underweight” rating and issued a $62.00 price target on shares of Edison International in a research report on Tuesday, April 21st. Truist Financial cut their price target on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, May 18th. JPMorgan Chase & Co. lifted their price objective on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $72.64.

Edison International Price Performance

NYSE EIX traded up $0.79 during trading hours on Tuesday, reaching $75.63. 482,630 shares of the company’s stock were exchanged, compared to its average volume of 3,009,679. The stock has a market cap of $29.10 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.31 and a beta of 0.66. Edison International has a one year low of $49.14 and a one year high of $76.39. The firm has a fifty day moving average of $71.28 and a 200-day moving average of $68.66. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) 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 the consensus estimate of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts predict that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be paid a $0.8775 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.6%. Edison International’s dividend payout ratio (DPR) is 38.11%.

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.