PFA Pension Forsikringsaktieselskab Invests $2.37 Million in Edison International $EIX

PFA Pension Forsikringsaktieselskab acquired a new position in Edison International (NYSE:EIX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 39,190 shares of the utilities provider’s stock, valued at approximately $2,365,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EIX. Jones Financial Companies Lllp increased its stake in shares of Edison International by 112.9% in the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after acquiring an additional 5,190 shares during the period. Empowered Funds LLC increased its stake in shares of Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after acquiring an additional 211 shares during the period. Woodline Partners LP increased its stake in shares of Edison International by 40.7% in the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after acquiring an additional 9,459 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Edison International by 153.6% in the second quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock worth $451,000 after acquiring an additional 5,290 shares during the period. Finally, Baird Financial Group Inc. acquired a new stake in shares of Edison International in the second quarter worth $302,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Insider Buying and Selling at Edison International

In other news, Director Peter J. Taylor sold 500 shares of Edison International stock in a transaction on Monday, April 13th. The stock was sold at an average price of $75.30, for a total value of $37,650.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Edison International Stock Performance

EIX opened at $68.90 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The company has a market cap of $26.51 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 1.21 and a beta of 0.68. Edison International has a 52-week low of $47.73 and a 52-week high of $76.21. The firm’s fifty day simple moving average is $72.04 and its two-hundred day simple moving average is $64.29.

Edison International (NYSE:EIX) last issued 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. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts anticipate that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th were paid a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Tuesday, April 7th. Edison International’s dividend payout ratio is 38.11%.

Analyst Ratings Changes

A number of analysts have recently weighed in on EIX shares. JPMorgan Chase & Co. increased their price objective on shares of Edison International from $74.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday. Wells Fargo & Company reiterated an “underweight” rating and issued a $62.00 price objective on shares of Edison International in a research note on Tuesday, April 21st. LADENBURG THALM/SH SH reiterated a “sell” rating and issued a $63.00 price objective on shares of Edison International in a research note on Thursday, March 5th. UBS Group lowered shares of Edison International from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $70.00 to $78.00 in a research note on Friday, February 13th. Finally, Jefferies Financial Group lowered their price target on shares of Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $72.82.

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.