Lansforsakringar Fondforvaltning AB publ Acquires 34,850 Shares of Edison International $EIX

Lansforsakringar Fondforvaltning AB publ grew its holdings in shares of Edison International (NYSE:EIX) by 28.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 157,014 shares of the utilities provider’s stock after purchasing an additional 34,850 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Edison International were worth $11,490,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. UMB Bank n.a. raised its position in shares of Edison International by 5.3% in the fourth quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock valued at $190,000 after buying an additional 159 shares in the last quarter. LVW Advisors LLC increased its stake in Edison International by 4.6% during the 4th quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock worth $254,000 after acquiring an additional 186 shares during the period. Huntington National Bank increased its stake in Edison International by 6.2% during the 4th quarter. Huntington National Bank now owns 3,351 shares of the utilities provider’s stock worth $201,000 after acquiring an additional 196 shares during the period. Diligent Investors LLC raised its holdings in Edison International by 1.5% in the 3rd quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock valued at $768,000 after acquiring an additional 201 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after acquiring an additional 211 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Edison International Stock Down 1.3%

Shares of NYSE EIX opened at $73.51 on Thursday. The company has a market cap of $28.28 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.29 and a beta of 0.66. 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 $49.14 and a 12 month high of $76.21. The stock has a 50-day moving average price of $71.04 and a two-hundred day moving average price of $68.42.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The company had revenue of $4.10 billion for 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%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be given a $0.8775 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.8%. Edison International’s dividend payout ratio (DPR) is currently 38.11%.

Insider Buying and Selling at Edison International

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 shares were sold at an average price of $75.30, for a total transaction of $37,650.00. Following the sale, 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 filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EIX. Seaport Research Partners downgraded Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research note on Wednesday, June 24th. JPMorgan Chase & Co. upped their price objective on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Truist Financial reduced their price objective on shares of Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Finally, Bank of America decreased their target price on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Edison International has an average rating of “Hold” and a consensus target price of $72.64.

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.