IFM Investors Pty Ltd Trims Holdings in Edison International $EIX

IFM Investors Pty Ltd lowered its stake in shares of Edison International (NYSE:EIX) by 6.1% in the first quarter, HoldingsChannel.com reports. The firm owned 112,394 shares of the utilities provider’s stock after selling 7,267 shares during the period. IFM Investors Pty Ltd’s holdings in Edison International were worth $8,225,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EIX. AQR Capital Management LLC lifted its stake in Edison International by 69.9% during the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after purchasing an additional 7,521,168 shares in the last quarter. Norges Bank purchased a new position in shares of Edison International during the fourth quarter worth $339,311,000. Goldman Sachs Group Inc. grew its stake in shares of Edison International by 41.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock valued at $329,924,000 after buying an additional 1,609,847 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Edison International by 2,970.8% in the fourth quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock valued at $77,863,000 after buying an additional 1,255,034 shares in the last quarter. Finally, Man Group plc raised its holdings in shares of Edison International by 109.6% in the 2nd quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock valued at $119,409,000 after buying an additional 1,209,964 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Insiders Place Their Bets

In related news, Director Peter J. Taylor sold 500 shares of Edison International stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $75.30, for a total value of $37,650.00. Following the completion of the transaction, the director owned 34,212 shares in the company, valued at $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

EIX has been the topic of several research reports. Truist Financial decreased their target price on Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research report on Wednesday, June 24th. LADENBURG THALM/SH SH reiterated a “sell” rating and set a $63.00 price target on shares of Edison International in a research note on Thursday, March 5th. JPMorgan Chase & Co. increased their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Finally, Barclays lowered their price objective on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Four 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $72.64.

Edison International Price Performance

Shares of NYSE EIX opened at $75.63 on Friday. The stock’s 50-day moving average is $71.16 and its two-hundred day moving average is $68.55. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. Edison International has a 1-year low of $49.14 and a 1-year high of $76.21. The company has a market cap of $29.10 billion, a price-to-earnings ratio of 8.21, a price-to-earnings-growth ratio of 1.27 and a beta of 0.66.

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 analysts’ consensus estimates of $1.32 by $0.10. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.Edison International’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts forecast that Edison International will post 6.12 EPS for the current fiscal year.

Edison International Announces Dividend

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 issued a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.6%. Edison International’s dividend payout ratio (DPR) is 38.11%.

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.