KBC Group NV Has $2.32 Million Holdings in Edison International $EIX

KBC Group NV lessened its position in Edison International (NYSE:EIX) by 10.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,973 shares of the utilities provider’s stock after selling 5,022 shares during the quarter. KBC Group NV’s holdings in Edison International were worth $2,321,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Edison International by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,562,128 shares of the utilities provider’s stock worth $150,961,000 after buying an additional 145,358 shares in the last quarter. Trilogy Capital Inc. increased its stake in shares of Edison International by 24.9% in the first quarter. Trilogy Capital Inc. now owns 46,435 shares of the utilities provider’s stock worth $2,736,000 after acquiring an additional 9,257 shares during the last quarter. Ontario Teachers Pension Plan Board raised its holdings in shares of Edison International by 64.6% during the first quarter. Ontario Teachers Pension Plan Board now owns 85,883 shares of the utilities provider’s stock worth $5,060,000 after acquiring an additional 33,718 shares in the last quarter. SYM FINANCIAL Corp purchased a new stake in shares of Edison International during the first quarter worth $351,000. Finally, Maryland State Retirement & Pension System boosted its position in Edison International by 5.3% during the second quarter. Maryland State Retirement & Pension System now owns 364,525 shares of the utilities provider’s stock valued at $18,809,000 after purchasing an additional 18,412 shares during the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Edison International

In other news, Director Peter J. Taylor sold 1,800 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $55.27, for a total value of $99,486.00. Following the sale, the director directly owned 35,212 shares of the company’s stock, valued at approximately $1,946,167.24. This trade represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

EIX has been the topic of several research reports. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. Cowen started coverage on Edison International in a research note on Wednesday, October 15th. They issued a “buy” rating for the company. Barclays cut their price objective on shares of Edison International from $69.00 to $68.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 29th. Wells Fargo & Company upgraded shares of Edison International to a “hold” rating in a research note on Tuesday, October 28th. Finally, TD Cowen initiated coverage on shares of Edison International in a research note on Thursday, October 16th. They set a “buy” rating and a $71.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $64.30.

Edison International Stock Down 0.6%

EIX opened at $58.72 on Monday. The firm has a market cap of $22.60 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 0.83 and a beta of 0.85. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.81 and a current ratio of 0.82. The business has a 50 day moving average price of $55.84 and a 200 day moving average price of $54.43. Edison International has a twelve month low of $47.73 and a twelve month high of $88.64.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.16 by $0.18. Edison International had a return on equity of 13.62% and a net margin of 17.24%.The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.31 billion. During the same quarter last year, the company posted $1.51 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. Research analysts forecast that Edison International will post 4.95 EPS for the current year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 7th were issued a dividend of $0.8275 per share. This represents a $3.31 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date was Tuesday, October 7th. Edison International’s dividend payout ratio is 43.27%.

Edison International Profile

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.