Danske Bank A S Buys Shares of 610,009 Edison International $EIX

Danske Bank A S bought a new position in Edison International (NYSE:EIX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 610,009 shares of the utilities provider’s stock, valued at approximately $45,415,000.

Several other large investors also recently made changes to their positions in the company. Avior Wealth Management LLC raised its holdings in shares of Edison International by 4.7% during the second quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider’s stock valued at $220,000 after buying an additional 134 shares during the last quarter. Equitable Trust Co. grew its holdings in Edison International by 0.8% in the 1st quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock worth $1,435,000 after buying an additional 148 shares in the last quarter. Altshuler Shaham Ltd increased its position in Edison International by 36.6% in the 1st quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 155 shares during the period. UMB Bank n.a. increased its position in Edison International by 5.3% in the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock valued at $190,000 after acquiring an additional 159 shares during the period. Finally, Paladin Wealth LLC raised its stake in Edison International by 6.3% during the 2nd quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider’s stock valued at $226,000 after acquiring an additional 181 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of NYSE EIX opened at $73.38 on Thursday. The stock has a fifty day moving average price of $74.11 and a two-hundred day moving average price of $71.89. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The firm has a market cap of $28.24 billion, a P/E ratio of 7.57, a PEG ratio of 5.72 and a beta of 0.66. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period last year, the firm earned $0.97 EPS. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Research analysts forecast that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were paid a dividend of $0.8775 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.8%. Edison International’s dividend payout ratio (DPR) is currently 36.19%.

Analyst Ratings Changes

A number of brokerages have issued reports on EIX. Truist Financial reduced their price target on Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 4th. Morgan Stanley reissued an “underweight” rating and set a $69.00 price target on shares of Edison International in a report on Wednesday, July 22nd. Barclays restated an “equal weight” rating and set a $75.00 price objective (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. JPMorgan Chase & Co. increased their target price on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Finally, Weiss Ratings cut shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Edison International has a consensus rating of “Hold” and a consensus price target of $72.82.

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.