Edison International $EIX Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its holdings in Edison International (NYSE:EIX) by 3.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,561,255 shares of the utilities provider’s stock after purchasing an additional 162,336 shares during the quarter. Legal & General Group Plc’s holdings in Edison International were worth $252,146,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of EIX. Mirae Asset Global Investments Co. Ltd. lifted its stake in Edison International by 169.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after purchasing an additional 78,531 shares in the last quarter. Versor Investments LP grew its stake in shares of Edison International by 55.0% in the third quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock valued at $2,865,000 after buying an additional 18,381 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Edison International by 1.7% in the third quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock valued at $92,984,000 after buying an additional 28,586 shares in the last quarter. Convergence Investment Partners LLC raised its holdings in shares of Edison International by 67.6% in the 3rd quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock valued at $1,494,000 after buying an additional 10,901 shares during the period. Finally, Krilogy Financial LLC raised its holdings in shares of Edison International by 141.8% in the 3rd quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock valued at $1,705,000 after buying an additional 17,616 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EIX. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. LADENBURG THALM/SH SH reiterated a “sell” rating and set a $63.00 price target on shares of Edison International in a research note on Thursday, March 5th. TD Cowen increased their price target on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Mizuho set a $79.00 price objective on shares of Edison International in a research note on Thursday, February 19th. Finally, Zacks Research cut shares of Edison International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Three 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $68.56.

Edison International Stock Up 0.6%

Shares of NYSE EIX opened at $71.52 on Thursday. The business has a 50-day moving average of $66.08 and a two-hundred day moving average of $60.05. The company has a market capitalization of $27.52 billion, a price-to-earnings ratio of 6.19, a price-to-earnings-growth ratio of 1.15 and a beta of 0.79. Edison International has a 1 year low of $47.73 and a 1 year high of $75.50. 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 (NYSE:EIX) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the business 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. On average, analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be paid a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 4.9%. The ex-dividend date is Tuesday, April 7th. Edison International’s dividend payout ratio is currently 30.36%.

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.