Aware Super Pty Ltd as trustee of Aware Super Invests $28.76 Million in Edison International $EIX

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Edison International (NYSE:EIX) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 393,008 shares of the utilities provider’s stock, valued at approximately $28,760,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC lifted its stake in Edison International by 69.9% in the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after purchasing an additional 7,521,168 shares during the last quarter. Norges Bank acquired a new stake in Edison International in the fourth quarter valued at approximately $339,311,000. Goldman Sachs Group Inc. grew its stake in shares of Edison International by 41.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after buying an additional 1,609,847 shares during the last quarter. Swedbank AB grew its stake in shares of Edison International by 207.0% during the first quarter. Swedbank AB now owns 2,073,181 shares of the utilities provider’s stock worth $151,715,000 after buying an additional 1,397,858 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Edison International by 2,970.8% during the fourth quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock worth $77,863,000 after buying an additional 1,255,034 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EIX has been the subject of a number of research reports. Bank of America dropped their price target on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Barclays boosted their price objective on Edison International from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday. Truist Financial lowered their target price on Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a report on Monday, May 18th. Wells Fargo & Company reiterated an “underweight” rating and issued a $62.00 target price on shares of Edison International in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. increased their target price on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Four equities research 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.com, the company has an average rating of “Hold” and a consensus target price of $72.73.

Edison International Price Performance

EIX stock opened at $77.98 on Friday. The company has a market capitalization of $30.01 billion, a P/E ratio of 8.47, a PEG ratio of 1.33 and a beta of 0.66. The company has a fifty day moving average price of $72.54 and a 200-day moving average price of $69.67. 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 $50.58 and a 52-week high of $78.28.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. Edison International’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities analysts expect that Edison International will post 6.12 EPS for the current 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 issued a dividend of $0.8775 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.5%. Edison International’s payout ratio is presently 38.11%.

Edison International 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.