Commerzbank Aktiengesellschaft FI Sells 23,889 Shares of Edison International $EIX

Commerzbank Aktiengesellschaft FI lessened its holdings in shares of Edison International (NYSE:EIX) by 86.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,737 shares of the utilities provider’s stock after selling 23,889 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Edison International were worth $273,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Edison International by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock worth $3,134,268,000 after purchasing an additional 480,726 shares during the last quarter. State Street Corp grew its position in shares of Edison International by 3.0% in the 4th quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock valued at $1,989,135,000 after buying an additional 953,800 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Edison International by 69.9% in the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after buying an additional 7,521,168 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Edison International by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock valued at $803,407,000 after buying an additional 386,905 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Edison International by 12.3% in the fourth quarter. Northern Trust Corp now owns 6,070,324 shares of the utilities provider’s stock valued at $364,341,000 after buying an additional 662,477 shares during the period. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 2.9%

Shares of NYSE EIX opened at $80.45 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The firm has a market cap of $30.96 billion, a PE ratio of 8.74, a P/E/G ratio of 6.07 and a beta of 0.66. The company’s fifty day simple moving average is $73.18 and its 200 day simple moving average is $70.19. Edison International has a 12-month low of $51.01 and a 12-month high of $80.90.

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 for the quarter, compared to analyst estimates of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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 forecast that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be given a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, July 7th. Edison International’s payout ratio is presently 38.11%.

Analyst Upgrades and Downgrades

EIX has been the subject of a number of analyst reports. Barclays raised their price objective on Edison International from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Truist Financial lowered their price target on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a report on Monday, May 18th. Morgan Stanley reaffirmed an “underweight” rating and issued a $69.00 price objective on shares of Edison International in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Edison International in a research report on Monday, July 13th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $72.64.

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.