VIRGINIA RETIREMENT SYSTEMS ET Al Purchases 47,100 Shares of Edison International $EIX

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Edison International (NYSE:EIX) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 455,500 shares of the utilities provider’s stock after acquiring an additional 47,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Edison International were worth $27,339,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position 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 during the period. Versor Investments LP lifted 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 worth $2,865,000 after purchasing an additional 18,381 shares during the period. Gradient Investments LLC lifted its position in Edison International by 949.8% during the fourth quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock worth $15,789,000 after purchasing an additional 237,999 shares during the period. Nordea Investment Management AB lifted its position 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 period. Finally, Convergence Investment Partners LLC lifted its position in Edison International by 67.6% during the third quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock worth $1,494,000 after purchasing an additional 10,901 shares during the period. 88.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on EIX shares. Mizuho set a $79.00 target price on shares of Edison International in a report on Thursday, February 19th. Bank of America dropped their target price on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, April 20th. Barclays dropped their target price on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Wells Fargo & Company reissued an “underweight” rating and issued a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. Finally, LADENBURG THALM/SH SH reiterated a “sell” rating and issued a $63.00 price objective on shares of Edison International in a report on Thursday, March 5th. Five 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $72.82.

Edison International Stock Down 0.9%

Shares of NYSE EIX opened at $70.64 on Thursday. The company has a 50 day simple moving average of $71.35 and a 200 day simple moving average of $64.90. The firm has a market cap of $27.18 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 1.23 and a beta of 0.68. Edison International has a 1 year low of $47.73 and a 1 year high of $76.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (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 analyst estimates of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the business earned $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts forecast that Edison International will post 6.12 EPS for the current year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th were given a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, April 7th. Edison International’s dividend payout ratio is currently 38.11%.

Insiders Place Their Bets

In other Edison International news, Director Peter J. Taylor sold 500 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Edison International Company 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.