Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 28,000 Shares of Edison International $EIX

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Edison International (NYSE:EIX) by 26.7% during the 4th quarter, Holdings Channel reports. The fund owned 132,835 shares of the utilities provider’s stock after purchasing an additional 28,000 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Edison International were worth $7,973,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Parallel Advisors LLC boosted its position in shares of Edison International by 11.7% in the 4th quarter. Parallel Advisors LLC now owns 9,927 shares of the utilities provider’s stock worth $596,000 after purchasing an additional 1,037 shares in the last quarter. J.W. Cole Advisors Inc. lifted its position in Edison International by 4.7% during the 4th quarter. J.W. Cole Advisors Inc. now owns 20,033 shares of the utilities provider’s stock worth $1,200,000 after acquiring an additional 901 shares during the period. Prudential PLC lifted its position in Edison International by 1.8% during the 4th quarter. Prudential PLC now owns 208,893 shares of the utilities provider’s stock worth $12,538,000 after acquiring an additional 3,611 shares during the period. Vise Technologies Inc. lifted its position in Edison International by 82.1% during the 4th quarter. Vise Technologies Inc. now owns 12,766 shares of the utilities provider’s stock worth $766,000 after acquiring an additional 5,755 shares during the period. Finally, Continuum Advisory LLC acquired a new stake in Edison International during the 4th quarter worth about $260,000. Institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on EIX shares. UBS Group cut Edison International from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $70.00 to $78.00 in a research report on Friday, February 13th. Morgan Stanley lowered their price target on Edison International from $71.00 to $70.00 and set an “underweight” rating for the company in a research report on Tuesday, April 21st. LADENBURG THALM/SH SH reaffirmed a “sell” rating and set a $63.00 price target on shares of Edison International in a research report on Thursday, March 5th. Bank of America lowered their price target on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Finally, Barclays lowered their price target on Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Four 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, Edison International currently has a consensus rating of “Hold” and an average price target of $72.64.

Insider Activity

In other news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 34,212 shares in the company, valued at $2,576,163.60. This represents 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 available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by company insiders.

Edison International Stock Performance

NYSE EIX opened at $73.46 on Monday. The stock has a market capitalization of $28.27 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.27 and a beta of 0.67. Edison International has a twelve month low of $47.73 and a twelve month high of $76.21. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The stock has a 50-day moving average of $70.99 and a 200 day moving average of $66.55.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the business earned $1.37 EPS. Edison International’s quarterly 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. Sell-side analysts anticipate that Edison International will post 6.12 EPS for the current fiscal year.

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.