ING Groep NV Trims Stake in Edison International $EIX

ING Groep NV reduced its stake in shares of Edison International (NYSE:EIX) by 74.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 84,075 shares of the utilities provider’s stock after selling 249,022 shares during the period. ING Groep NV’s holdings in Edison International were worth $5,046,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Capital Research Global Investors raised its stake in shares of Edison International by 1.9% during the fourth quarter. Capital Research Global Investors now owns 1,148,661 shares of the utilities provider’s stock valued at $68,945,000 after acquiring an additional 21,968 shares during the last quarter. Los Angeles Capital Management LLC increased its position in shares of Edison International by 0.9% during the fourth quarter. Los Angeles Capital Management LLC now owns 3,022,390 shares of the utilities provider’s stock valued at $168,166,000 after buying an additional 26,989 shares during the period. Havemeyer Place LP purchased a new stake in Edison International in the fourth quarter worth about $167,000. Pinebridge Investments LLC purchased a new stake in Edison International in the fourth quarter worth about $46,548,000. Finally, PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in Edison International in the fourth quarter worth about $3,839,000. 88.95% of the stock is owned by institutional investors.

Edison International Price Performance

Shares of EIX opened at $70.85 on Tuesday. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $76.21. The company has a 50 day moving average price of $70.99 and a 200-day moving average price of $66.63. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The stock has a market capitalization of $27.26 billion, a PE ratio of 7.69, a PEG ratio of 1.27 and a beta of 0.67.

Edison International (NYSE:EIX) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. Edison International’s revenue for the quarter was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts predict that Edison International will post 6.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Bank of America cut their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Seaport Research Partners cut shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. UBS Group downgraded shares of Edison International from a “buy” rating to a “neutral” rating and lifted their price target for the company from $70.00 to $78.00 in a report on Friday, February 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $72.64.

Insider Activity at Edison International

In related news, Director Peter J. Taylor sold 500 shares of the firm’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $75.30, for a total transaction of $37,650.00. Following the sale, the director owned 34,212 shares in the company, valued at approximately $2,576,163.60. This trade represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by insiders.

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.