Edison International $EIX Stock: Nisa Investment Advisors LLC Reduces Position

Nisa Investment Advisors LLC trimmed its holdings in Edison International (NYSE:EIX) by 38.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,368 shares of the utilities provider’s stock after selling 16,156 shares during the period. Nisa Investment Advisors LLC’s holdings in Edison International were worth $1,363,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Edison International in the second quarter worth $3,340,412,000. Legal & General Group Plc bought a new position in Edison International during the 2nd quarter valued at $329,766,000. Bank of New York Mellon Corp bought a new position in Edison International during the 2nd quarter valued at $309,361,000. Hsbc Holdings PLC bought a new position in Edison International during the 2nd quarter valued at $261,275,000. Finally, Canada Pension Plan Investment Board acquired a new position in Edison International during the 2nd quarter worth $212,053,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Stock Performance

Edison International stock opened at $57.73 on Tuesday. The company has a market cap of $22.21 billion, a PE ratio of 8.00, a P/E/G ratio of 2.43 and a beta of 0.62. The company has a fifty day moving average price of $59.20 and a two-hundred day moving average price of $67.76. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. Edison International has a 12 month low of $51.10 and a 12 month high of $81.62.

Edison International (NYSE:EIX) last issued its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Research analysts expect that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Wednesday, October 7th will be given a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, October 7th. Edison International’s dividend payout ratio is currently 36.19%.

Insider Buying and Selling at Edison International

In related news, Director Peter Taylor sold 500 shares of the stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $55.56, for a total transaction of $27,780.00. Following the sale, the director owned 33,212 shares in the company, valued at $1,845,258.72. This represents a 1.48% decrease in their ownership of the stock. The transaction 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 corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on EIX. UBS Group reissued a “neutral” rating and issued a $57.00 target price on shares of Edison International in a research report on Thursday, September 24th. JPMorgan Chase & Co. reduced their price target on shares of Edison International from $61.00 to $59.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. Argus reaffirmed a “hold” rating on shares of Edison International in a research report on Wednesday, August 26th. Morgan Stanley lifted their price target on Edison International from $60.00 to $62.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 21st. Finally, Bank of America lowered Edison International from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $81.00 to $51.00 in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $60.58.

About Edison International

Edison International (NYSE: EIX) is an electric power holding company based in California. Its principal subsidiary, Southern California Edison (SCE), is one of the largest electric utilities in the United States and delivers electricity across central, coastal and Southern California. SCE serves millions of residential, commercial and industrial customers through an extensive transmission and distribution network.

Edison International’s operations are focused on the generation, transmission and distribution of electricity, as well as supporting the transition to cleaner energy.