Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stake in Edison International $EIX

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in Edison International (NYSE:EIX) by 113.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 283,235 shares of the utilities provider’s stock after buying an additional 150,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Edison International were worth $20,727,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Gradient Investments LLC boosted its position in Edison International by 949.8% during the fourth quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock worth $15,789,000 after acquiring an additional 237,999 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Edison International by 5.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock worth $260,859,000 after buying an additional 220,785 shares during the period. Nordea Investment Management AB lifted its holdings in Edison International by 5.6% during the 4th quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider’s stock worth $108,204,000 after buying an additional 94,727 shares in the last quarter. Vinva Investment Management Ltd boosted its position in Edison International by 135.5% in the 3rd quarter. Vinva Investment Management Ltd now owns 59,108 shares of the utilities provider’s stock valued at $3,265,000 after buying an additional 34,014 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Edison International by 41.4% in the 4th 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 during the period. Institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays decreased their price objective on Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Wells Fargo & Company reissued an “underweight” rating and issued a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. Seaport Research Partners cut Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Truist Financial lowered their price objective on Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Finally, Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.64.

Edison International Stock Down 0.0%

EIX opened at $75.63 on Friday. Edison International has a 52 week low of $49.14 and a 52 week high of $76.21. The business has a 50 day moving average price of $71.28 and a two-hundred day moving average price of $68.59. 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 company has a market cap of $29.10 billion, a PE ratio of 8.21, a P/E/G ratio of 1.31 and a beta of 0.66.

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, topping analysts’ consensus estimates of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the business posted $1.37 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts anticipate that Edison International will post 6.12 EPS for the current year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be paid a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is presently 38.11%.

Insider Transactions at Edison International

In other Edison International news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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.

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.