Edison International $EIX Stake Decreased by Versor Investments LP

Versor Investments LP cut its holdings in shares of Edison International (NYSE:EIX) by 16.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,317 shares of the utilities provider’s stock after selling 8,513 shares during the period. Versor Investments LP’s holdings in Edison International were worth $2,600,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EIX. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Edison International by 169.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after purchasing an additional 78,531 shares during the period. Gradient Investments LLC increased its stake in Edison International by 949.8% during the 4th quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock valued at $15,789,000 after buying an additional 237,999 shares during the period. Nordea Investment Management AB raised its position in shares of Edison International by 1.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock worth $92,984,000 after buying an additional 28,586 shares in the last quarter. Convergence Investment Partners LLC lifted its stake in shares of Edison International by 67.6% in the 3rd quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock worth $1,494,000 after acquiring an additional 10,901 shares during the period. Finally, Krilogy Financial LLC lifted its stake in shares of Edison International by 141.8% in the 3rd quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock worth $1,705,000 after acquiring an additional 17,616 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Price Performance

NYSE EIX opened at $70.55 on Tuesday. The stock has a market capitalization of $27.15 billion, a P/E ratio of 7.66, a P/E/G ratio of 1.19 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 business’s fifty day moving average is $71.49 and its two-hundred day moving average is $64.71. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74.

Edison International (NYSE:EIX) last posted its quarterly earnings results 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 company had revenue of $4.10 billion for 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 firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts forecast that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Announces Dividend

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

Insider Activity

In other Edison International news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $75.30, for a total value of $37,650.00. Following the transaction, the director owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on EIX. UBS Group lowered shares of Edison International from a “buy” rating to a “neutral” rating and raised their price objective for the company from $70.00 to $78.00 in a research note on Friday, February 13th. Morgan Stanley cut their target price on Edison International from $71.00 to $70.00 and set an “underweight” rating for the company in a research report on Tuesday, April 21st. Seaport Research Partners downgraded Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Barclays cut their target price on Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $72.82.

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.