Nisa Investment Advisors LLC Raises Stock Holdings in Edison International $EIX

Nisa Investment Advisors LLC raised its holdings in shares of Edison International (NYSE:EIX) by 41.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 41,866 shares of the utilities provider’s stock after buying an additional 12,257 shares during the period. Nisa Investment Advisors LLC’s holdings in Edison International were worth $2,513,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EIX. Vanguard Group Inc. raised its position in shares of Edison International by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 51,739,673 shares of the utilities provider’s stock valued at $2,860,169,000 after purchasing an additional 269,556 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Edison International by 8.0% during the third quarter. AQR Capital Management LLC now owns 10,763,984 shares of the utilities provider’s stock worth $595,033,000 after buying an additional 801,082 shares in the last quarter. Invesco Ltd. increased its stake in shares of Edison International by 10.8% in the second quarter. Invesco Ltd. now owns 6,392,459 shares of the utilities provider’s stock worth $329,851,000 after buying an additional 621,924 shares during the last quarter. Northern Trust Corp increased its stake in shares of Edison International by 11.2% in the third quarter. Northern Trust Corp now owns 5,407,847 shares of the utilities provider’s stock worth $298,946,000 after buying an additional 545,344 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Edison International by 14.3% in the second quarter. Canada Pension Plan Investment Board now owns 5,322,796 shares of the utilities provider’s stock valued at $274,656,000 after acquiring an additional 664,199 shares in the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EIX has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Mizuho set a $79.00 target price on shares of Edison International in a research report on Thursday, February 19th. Barclays increased their price target on shares of Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Zacks Research downgraded Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Finally, UBS Group lowered Edison International from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $70.00 to $78.00 in a report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $69.44.

Edison International Stock Up 0.0%

EIX stock opened at $73.49 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68. Edison International has a 1-year low of $47.73 and a 1-year high of $75.50. The firm has a fifty day moving average price of $69.90 and a two-hundred day moving average price of $61.98. The firm has a market cap of $28.29 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 1.19 and a beta of 0.77.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period last year, the firm posted $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. Research analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be issued a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.8%. Edison International’s dividend payout ratio (DPR) is currently 30.36%.

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.