KLP Kapitalforvaltning AS Purchases 39,100 Shares of Edison International $EIX

KLP Kapitalforvaltning AS lifted its stake in shares of Edison International (NYSE:EIX) by 8.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 484,877 shares of the utilities provider’s stock after buying an additional 39,100 shares during the period. KLP Kapitalforvaltning AS’s holdings in Edison International were worth $29,102,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EIX. Jones Financial Companies Lllp grew its holdings in shares of Edison International by 112.9% during the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after purchasing an additional 5,190 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after purchasing an additional 211 shares in the last quarter. Woodline Partners LP grew its holdings in shares of Edison International by 40.7% during the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after purchasing an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Edison International by 153.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock worth $451,000 after purchasing an additional 5,290 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in shares of Edison International during the 2nd quarter worth $302,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Edison International news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $75.30, for a total value of $37,650.00. Following the transaction, the director owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Edison International Stock Down 0.5%

EIX stock opened at $69.37 on Thursday. The stock’s fifty day simple moving average is $72.29 and its two-hundred day simple moving average is $63.58. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92. Edison International has a 1-year low of $47.73 and a 1-year high of $76.21. The stock has a market cap of $26.70 billion, a P/E ratio of 6.00, a P/E/G ratio of 1.21 and a beta of 0.77.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. Analysts expect that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be given a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 annualized dividend and a yield of 5.1%. Edison International’s payout ratio is currently 30.36%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EIX shares. Wells Fargo & Company reissued an “underweight” rating and set a $62.00 target price on shares of Edison International in a report on Tuesday. Barclays increased their target price on Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 15th. Finally, LADENBURG THALM/SH SH reaffirmed a “sell” rating and issued a $63.00 price objective on shares of Edison International in a research note on Thursday, March 5th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Edison International has a consensus rating of “Hold” and a consensus price target of $72.82.

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.