BNP Paribas Financial Markets Has $78.44 Million Stock Position in Edison International $EIX

BNP Paribas Financial Markets reduced its stake in Edison International (NYSE:EIX) by 35.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,306,929 shares of the utilities provider’s stock after selling 729,894 shares during the period. BNP Paribas Financial Markets’ holdings in Edison International were worth $78,442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Edison International by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock worth $3,134,268,000 after acquiring an additional 480,726 shares during the period. Geode Capital Management LLC lifted its stake in Edison International by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock valued at $803,407,000 after buying an additional 386,905 shares during the period. AQR Capital Management LLC lifted its stake in Edison International by 8.0% in the third quarter. AQR Capital Management LLC now owns 10,763,984 shares of the utilities provider’s stock valued at $595,033,000 after buying an additional 801,082 shares during the period. Norges Bank acquired a new position in Edison International in the fourth quarter valued at approximately $339,311,000. Finally, Northern Trust Corp lifted its stake in Edison International by 11.2% in the third quarter. Northern Trust Corp now owns 5,407,847 shares of the utilities provider’s stock valued at $298,946,000 after buying an additional 545,344 shares during the period. 88.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Edison International

In related news, Director Peter J. Taylor sold 500 shares of the company’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 sale, the director owned 34,212 shares in the company, valued at approximately $2,576,163.60. This represents 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on EIX. LADENBURG THALM/SH SH reissued a “sell” rating and issued a $63.00 price target on shares of Edison International in a research note on Thursday, March 5th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $62.00 target price on shares of Edison International in a research report on Tuesday, April 21st. Bank of America lowered their target price on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. Finally, Truist Financial lowered their target price on Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $72.64.

Edison International Trading Down 1.1%

Shares of Edison International stock opened at $69.20 on Tuesday. The stock has a fifty day simple moving average of $70.90 and a 200 day simple moving average of $66.17. Edison International has a 12-month low of $47.73 and a 12-month high of $76.21. The company has a market capitalization of $26.63 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 1.21 and a beta of 0.67. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. Edison International’s revenue 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. On average, sell-side analysts anticipate that Edison International will post 6.12 earnings per share for the current fiscal year.

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.