Sumitomo Mitsui Trust Group Inc. Has $69.91 Million Stake in Edison International $EIX

Sumitomo Mitsui Trust Group Inc. lowered its holdings in Edison International (NYSE:EIX) by 1.3% in the first quarter, Holdings Channel reports. The firm owned 955,282 shares of the utilities provider’s stock after selling 13,025 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Edison International were worth $69,908,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted 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 buying an additional 480,726 shares in the last quarter. State Street Corp grew its holdings in shares of Edison International by 3.0% in the 4th quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock valued at $1,989,135,000 after acquiring an additional 953,800 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Edison International by 69.9% in the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after acquiring an additional 7,521,168 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Edison International by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock valued at $803,407,000 after acquiring an additional 386,905 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Edison International by 12.3% during the fourth quarter. Northern Trust Corp now owns 6,070,324 shares of the utilities provider’s stock worth $364,341,000 after acquiring an additional 662,477 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Stock Performance

NYSE:EIX traded up $0.56 during mid-day trading on Friday, hitting $75.20. The stock had a trading volume of 1,277,425 shares, compared to its average volume of 2,205,084. Edison International has a twelve month low of $50.16 and a twelve month high of $76.39. The stock has a market cap of $28.93 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 1.30 and a beta of 0.66. The company’s 50 day simple moving average is $71.91 and its 200 day simple moving average is $69.14. 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 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $4.10 billion during 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%.Edison International’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts forecast that Edison International will post 6.12 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be paid a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Tuesday, July 7th. Edison International’s payout ratio is currently 38.11%.

Insider Buying and Selling at Edison International

In related news, Director Peter J. Taylor sold 500 shares of the business’s 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 transaction, the director directly owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EIX. Wells Fargo & Company reissued an “underweight” rating and set a $62.00 price target on shares of Edison International in a research report on Tuesday, April 21st. JPMorgan Chase & Co. boosted their price target on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a research note on Wednesday, June 24th. Seaport Research Partners downgraded Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Finally, Weiss Ratings raised shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 15th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $72.64.

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.