Groupama Asset Managment Sells 21,669 Shares of Edison International $EIX

Groupama Asset Managment reduced its holdings in Edison International (NYSE:EIX) by 46.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,862 shares of the utilities provider’s stock after selling 21,669 shares during the period. Groupama Asset Managment’s holdings in Edison International were worth $1,374,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of EIX. Diligent Investors LLC lifted its stake in shares of Edison International by 1.5% in the 3rd quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock valued at $768,000 after purchasing an additional 201 shares during the period. MAI Capital Management boosted its position in shares of Edison International by 20.8% in the 2nd quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 202 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Edison International by 2.4% during the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after purchasing an additional 211 shares during the period. Michels Family Financial LLC grew its stake in shares of Edison International by 1.5% during the third quarter. Michels Family Financial LLC now owns 15,217 shares of the utilities provider’s stock worth $841,000 after purchasing an additional 231 shares during the period. Finally, Generali Asset Management SPA SGR increased its holdings in Edison International by 0.7% in the third quarter. Generali Asset Management SPA SGR now owns 31,539 shares of the utilities provider’s stock valued at $1,743,000 after purchasing an additional 234 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

EIX stock opened at $71.78 on Friday. Edison International has a 1-year low of $47.73 and a 1-year high of $75.50. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92. The firm has a market cap of $27.63 billion, a PE ratio of 6.21, a P/E/G ratio of 1.17 and a beta of 0.79. The business’s 50-day moving average price is $67.54 and its two-hundred day moving average price is $60.72.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the company earned $1.05 earnings per share. 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. As a group, research analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be issued a dividend of $0.8775 per share. 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 (DPR) is 30.36%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. TD Cowen increased their target price on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Zacks Research cut Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. LADENBURG THALM/SH SH reissued a “sell” rating and set a $63.00 price objective on shares of Edison International in a research note on Thursday, March 5th. Finally, Morgan Stanley restated an “underweight” rating on shares of Edison International in a report on Friday, February 20th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Edison International has an average rating of “Hold” and an average target price of $69.44.

Edison International 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.