Edison International $EIX Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its holdings in Edison International (NYSE:EIX) by 16.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 233,610 shares of the utilities provider’s stock after selling 44,882 shares during the period. Handelsbanken Fonder AB’s holdings in Edison International were worth $17,392,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Avior Wealth Management LLC increased its position in shares of Edison International by 4.7% during the second quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider’s stock worth $220,000 after acquiring an additional 134 shares during the period. Equitable Trust Co. boosted its holdings in Edison International by 0.8% in the first quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock valued at $1,435,000 after purchasing an additional 148 shares during the period. Altshuler Shaham Ltd grew its stake in Edison International by 36.6% during the 1st quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 155 shares in the last quarter. UMB Bank n.a. grew its stake in Edison International by 5.3% during the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock worth $190,000 after purchasing an additional 159 shares in the last quarter. Finally, Paladin Wealth LLC increased its holdings in Edison International by 6.3% during the 2nd quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EIX shares. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $62.00 price target on shares of Edison International in a research report on Tuesday, April 21st. Bank of America cut their target price on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. JPMorgan Chase & Co. raised their target price on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Barclays reiterated an “equal weight” rating and issued a $75.00 price target (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Finally, Mizuho boosted their price target on shares of Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Four investment 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $72.82.

Edison International Stock Down 1.0%

Edison International stock opened at $69.16 on Thursday. Edison International has a 1-year low of $52.00 and a 1-year high of $81.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The stock has a market cap of $26.61 billion, a PE ratio of 7.13, a P/E/G ratio of 5.43 and a beta of 0.66. The stock’s fifty day moving average is $74.08 and its two-hundred day moving average is $71.53.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the firm posted $0.97 EPS. The business’s quarterly revenue was down 4.1% 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 expect that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were paid a dividend of $0.8775 per share. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 5.1%. Edison International’s payout ratio is presently 36.19%.

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.