Mitsubishi UFJ Trust & Banking Corp Purchases 37,146 Shares of Edison International $EIX

Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Edison International (NYSE:EIX) by 15.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 276,756 shares of the utilities provider’s stock after purchasing an additional 37,146 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Edison International were worth $16,612,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of EIX. Vanguard Group Inc. boosted 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 acquiring an additional 480,726 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Edison International by 8.0% in the third quarter. AQR Capital Management LLC now owns 10,763,984 shares of the utilities provider’s stock worth $595,033,000 after purchasing an additional 801,082 shares in the last quarter. Northern Trust Corp lifted its position 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 purchasing an additional 545,344 shares in the last quarter. Legal & General Group Plc boosted its holdings in Edison International by 3.7% during the third quarter. Legal & General Group Plc now owns 4,561,255 shares of the utilities provider’s stock worth $252,146,000 after purchasing an additional 162,336 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Edison International by 5.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock valued at $260,859,000 after purchasing an additional 220,785 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of EIX stock opened at $69.54 on Friday. The stock has a market cap of $26.77 billion, a P/E ratio of 7.55, a P/E/G ratio of 1.18 and a beta of 0.77. The company has a fifty day moving average price of $72.04 and a two-hundred day moving average price of $64.16. Edison International has a one year low of $47.73 and a one year high of $76.21. 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 (NYSE:EIX) last issued its 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. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the prior year, the firm earned $1.37 EPS. Edison International’s quarterly revenue was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities analysts predict that Edison International will post 6.12 EPS for the current year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th were given a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, April 7th. Edison International’s dividend payout ratio (DPR) is presently 38.11%.

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 500 shares of Edison International stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the completion of the transaction, the director directly owned 34,212 shares in the company, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EIX. Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Barclays decreased their price objective on Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday. Mizuho set a $79.00 target price on Edison International in a report on Thursday, February 19th. Truist Financial initiated coverage on Edison International in a research report on Monday, April 20th. They set a “hold” rating and a $82.00 price target for the company. Finally, Seaport Research Partners downgraded Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $72.73.

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.