Edison International $EIX Stock Bought by Ninety One UK Ltd

Ninety One UK Ltd grew its holdings in shares of Edison International (NYSE:EIX) by 165.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,822 shares of the utilities provider’s stock after acquiring an additional 11,741 shares during the period. Ninety One UK Ltd’s holdings in Edison International were worth $1,011,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of EIX. Rakuten Investment Management Inc. bought a new stake in Edison International in the second quarter valued at about $4,750,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Edison International during the second quarter valued at approximately $33,328,000. Jupiter Topco LLC acquired a new stake in Edison International during the second quarter valued at approximately $3,577,000. Corient Private Wealth LP raised its stake in Edison International by 49.7% during the second quarter. Corient Private Wealth LP now owns 136,621 shares of the utilities provider’s stock valued at $10,171,000 after buying an additional 45,336 shares in the last quarter. Finally, Allworth Financial LP bought a new position in Edison International during the 2nd quarter worth approximately $2,586,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Stock Performance

Shares of EIX opened at $55.57 on Friday. The firm has a fifty day moving average of $60.44 and a 200-day moving average of $68.41. The company has a market cap of $21.38 billion, a price-to-earnings ratio of 5.73, a price-to-earnings-growth ratio of 2.23 and a beta of 0.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. Edison International has a 1 year low of $51.10 and a 1 year high of $81.62.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The business had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities analysts anticipate that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Wednesday, October 7th will be given a $0.8775 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $3.51 annualized dividend and a yield of 6.3%. Edison International’s dividend payout ratio is 36.19%.

Analysts Set New Price Targets

Several brokerages have recently commented on EIX. Truist Financial decreased their target price on Edison International from $63.00 to $62.00 and set a “hold” rating for the company in a research report on Monday. Bank of America downgraded Edison International from a “buy” rating to a “neutral” rating and lowered their price target for the company from $81.00 to $51.00 in a report on Tuesday, September 1st. The Goldman Sachs Group set a $67.00 price target on Edison International in a research report on Thursday. Mizuho restated a “neutral” rating and set a $70.00 price objective (down from $86.00) on shares of Edison International in a research note on Monday, August 31st. Finally, JPMorgan Chase & Co. reduced their price objective on Edison International from $61.00 to $59.00 and set a “neutral” rating on the stock in a research note on Monday. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $60.75.

Insider Buying and Selling

In other Edison International news, Director Peter Taylor sold 500 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $55.56, for a total value of $27,780.00. Following the sale, the director owned 33,212 shares in the company, valued at approximately $1,845,258.72. This trade represents a 1.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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.

Edison International Company Profile

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.