DNB Asset Management AS Increases Stock Holdings in Edison International $EIX

DNB Asset Management AS lifted its position in Edison International (NYSE:EIX) by 24.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 411,816 shares of the utilities provider’s stock after purchasing an additional 81,667 shares during the quarter. DNB Asset Management AS’s holdings in Edison International were worth $24,717,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EIX. LVW Advisors LLC grew its holdings in shares of Edison International by 4.6% during the fourth quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock valued at $254,000 after buying an additional 186 shares during the last quarter. Diligent Investors LLC boosted its holdings in Edison International by 1.5% in the third quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock valued at $768,000 after purchasing an additional 201 shares during the last quarter. Empowered Funds LLC boosted its holdings in Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares during the last quarter. Michels Family Financial LLC boosted its holdings in Edison International by 1.5% in the third quarter. Michels Family Financial LLC now owns 15,217 shares of the utilities provider’s stock valued at $841,000 after purchasing an additional 231 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its holdings in Edison International by 30.7% in the third quarter. Deseret Mutual Benefit Administrators now owns 1,014 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

EIX has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday. Jefferies Financial Group decreased their price objective on shares of Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Barclays decreased their price objective on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. UBS Group downgraded shares of Edison International from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $70.00 to $78.00 in a research report on Friday, February 13th. Finally, Seaport Research Partners downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Four 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $72.91.

Edison International Stock Down 2.1%

EIX stock opened at $69.27 on Friday. The company has a market cap of $26.65 billion, a price-to-earnings ratio of 7.52, a PEG ratio of 1.20 and a beta of 0.68. 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 has a 12 month low of $47.73 and a 12 month high of $76.21. The firm has a 50-day moving average of $71.20 and a two-hundred day moving average of $65.02.

Edison International (NYSE:EIX) last released its quarterly earnings data 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 the consensus estimate of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. Edison International’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts forecast that Edison International will post 6.12 earnings per share for the current fiscal 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 issued a dividend of $0.8775 per share. The ex-dividend date was Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.1%. Edison International’s dividend payout ratio (DPR) is currently 38.11%.

Insider Activity

In other news, Director Peter J. Taylor sold 500 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were 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 $2,576,163.60. This trade represents a 1.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by corporate insiders.

Edison International Company 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.