Securian Asset Management Inc. Has $628,000 Stake in Edison International $EIX

Securian Asset Management Inc. reduced its holdings in Edison International (NYSE:EIX) by 43.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,463 shares of the utilities provider’s stock after selling 8,100 shares during the period. Securian Asset Management Inc.’s holdings in Edison International were worth $628,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EIX. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Edison International by 169.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after buying an additional 78,531 shares during the period. Versor Investments LP raised its position in shares of Edison International by 55.0% in the 3rd quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock valued at $2,865,000 after acquiring an additional 18,381 shares during the period. Gradient Investments LLC raised its position in shares of Edison International by 949.8% in the 4th quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock valued at $15,789,000 after acquiring an additional 237,999 shares during the period. Nordea Investment Management AB boosted its stake in Edison International by 1.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock worth $92,984,000 after acquiring an additional 28,586 shares during the last quarter. Finally, Convergence Investment Partners LLC boosted its stake in Edison International by 67.6% during the 3rd quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock worth $1,494,000 after acquiring an additional 10,901 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Insider Transactions at Edison International

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. UBS Group downgraded shares of Edison International from a “buy” rating to a “neutral” rating and upped their target price for the company from $70.00 to $78.00 in a research note on Friday, February 13th. Truist Financial started coverage on Edison International in a research note on Monday, April 20th. They issued a “hold” rating and a $82.00 target price for the company. Barclays reduced their price target on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Morgan Stanley cut their price objective on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 21st. Four equities 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $72.82.

Edison International Stock Up 0.2%

Shares of Edison International stock opened at $70.75 on Friday. The firm has a market cap of $27.22 billion, a PE ratio of 7.68, a P/E/G ratio of 1.22 and a beta of 0.68. The business’s 50 day simple moving average is $71.29 and its 200 day simple moving average is $64.99. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. Edison International has a 52-week low of $47.73 and a 52-week high of $76.21.

Edison International (NYSE:EIX) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm posted $1.37 EPS. The business’s revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts predict that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 7th were given a $0.8775 dividend. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 5.0%. Edison International’s dividend payout ratio (DPR) is 38.11%.

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.