KBC Group NV Grows Position in Edison International $EIX

KBC Group NV lifted its holdings in Edison International (NYSE:EIX) by 461.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 252,371 shares of the utilities provider’s stock after purchasing an additional 207,398 shares during the period. KBC Group NV’s holdings in Edison International were worth $18,469,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. 10Elms LLP purchased a new position in Edison International in the 4th quarter worth approximately $26,000. Transamerica Financial Advisors LLC lifted its position in Edison International by 170.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after buying an additional 281 shares in the last quarter. Quest 10 Wealth Builders Inc. boosted its stake in Edison International by 866.7% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after buying an additional 702 shares during the last quarter. DV Equities LLC purchased a new stake in Edison International in the 4th quarter valued at $52,000. Finally, McMillan Office Inc. acquired a new stake in shares of Edison International in the 4th quarter worth $55,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Weiss Ratings reissued a “buy (b-)” rating on shares of Edison International in a research note on Monday, July 13th. Bank of America reduced their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Barclays upped their price objective on Edison International from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $62.00 target price on shares of Edison International in a research report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $72.73.

Edison International Trading Up 1.1%

Shares of NYSE EIX opened at $78.09 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $30.05 billion, a PE ratio of 8.48, a PEG ratio of 6.00 and a beta of 0.66. Edison International has a twelve month low of $51.01 and a twelve month high of $79.88. The stock has a fifty day simple moving average of $72.98 and a 200-day simple moving average of $70.04.

Edison International (NYSE:EIX) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.Edison International’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the business posted $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities analysts forecast that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be paid a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.5%. Edison International’s dividend payout ratio (DPR) is presently 38.11%.

Edison International 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.