Edison International $EIX Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Edison International (NYSE:EIX) by 5.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 808,288 shares of the utilities provider’s stock after buying an additional 44,083 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Edison International were worth $49,249,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EIX. Activest Wealth Management boosted its holdings in Edison International by 677.8% in the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 488 shares during the last quarter. CVA Family Office LLC boosted its holdings in Edison International by 113.7% in the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 307 shares during the last quarter. Ransom Advisory Ltd boosted its holdings in Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 259 shares during the last quarter. Quent Capital LLC acquired a new position in Edison International in the 3rd quarter valued at about $40,000. Finally, Ameriflex Group Inc. boosted its holdings in Edison International by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 371 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the completion of the transaction, the director directly owned 34,212 shares in the company, valued at $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 SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on EIX shares. TD Cowen boosted their target price on shares of Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 20th. Truist Financial started coverage on shares of Edison International in a report on Monday, April 20th. They issued a “hold” rating and a $82.00 target price on the stock. Weiss Ratings upgraded shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Bank of America decreased their target price 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Edison International from $74.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Edison International has an average rating of “Hold” and an average target price of $72.82.

Edison International Stock Performance

Shares of EIX stock opened at $68.93 on Friday. The firm’s 50 day moving average price is $71.69 and its 200-day moving average price is $64.54. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. Edison International has a one year low of $47.73 and a one year high of $76.21. The firm has a market cap of $26.52 billion, a P/E ratio of 7.48, a P/E/G ratio of 1.19 and a beta of 0.68.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the prior year, the business posted $1.37 EPS. The business’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. As a group, equities research analysts predict that Edison International will post 6.12 EPS for the current year.

Edison International Announces Dividend

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

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.