Vinva Investment Management Ltd Has $3.27 Million Holdings in Edison International $EIX

Vinva Investment Management Ltd increased its position in shares of Edison International (NYSE:EIX) by 135.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,108 shares of the utilities provider’s stock after purchasing an additional 34,014 shares during the quarter. Vinva Investment Management Ltd’s holdings in Edison International were worth $3,265,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of EIX. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Edison International by 169.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after acquiring an additional 78,531 shares in the last quarter. Versor Investments LP raised its position in Edison International by 55.0% during the third quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock valued at $2,865,000 after purchasing an additional 18,381 shares in the last quarter. Nordea Investment Management AB lifted its stake in Edison International by 1.7% during the third quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock worth $92,984,000 after purchasing an additional 28,586 shares during the last quarter. Convergence Investment Partners LLC boosted 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 purchasing an additional 10,901 shares in the last quarter. Finally, Krilogy Financial LLC boosted 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 purchasing an additional 17,616 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EIX shares. UBS Group cut Edison International from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $70.00 to $78.00 in a report on Friday, February 13th. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. TD Cowen lifted their target price on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. boosted their target price on Edison International from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $68.56.

Edison International Stock Down 1.6%

Shares of EIX opened at $70.59 on Tuesday. Edison International has a 52 week low of $47.73 and a 52 week high of $75.50. The stock has a market capitalization of $27.16 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 1.16 and a beta of 0.79. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. The stock has a fifty day moving average of $65.64 and a 200-day moving average of $59.86.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping 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 analyst estimates of $4.29 billion. During the same quarter in the previous year, the company 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. As a group, sell-side analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders 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 dividend yield of 5.0%. The ex-dividend date is Tuesday, April 7th. Edison International’s payout ratio is 30.36%.

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.