Swiss Life Asset Management Ltd Has $39.28 Million Holdings in Edison International $EIX

Swiss Life Asset Management Ltd grew its holdings in shares of Edison International (NYSE:EIX) by 275.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 654,359 shares of the utilities provider’s stock after purchasing an additional 479,959 shares during the period. Swiss Life Asset Management Ltd’s holdings in Edison International were worth $39,275,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Edison International during the 4th quarter worth approximately $400,000. Drive Wealth Management LLC acquired a new stake in shares of Edison International during the 4th quarter worth approximately $279,000. Nwam LLC boosted its position in shares of Edison International by 160.2% during the 4th quarter. Nwam LLC now owns 14,590 shares of the utilities provider’s stock worth $899,000 after acquiring an additional 8,982 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Edison International by 3.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 18,315 shares of the utilities provider’s stock worth $1,099,000 after acquiring an additional 627 shares in the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of Edison International by 21.6% during the 4th quarter. Ballentine Partners LLC now owns 7,414 shares of the utilities provider’s stock worth $445,000 after acquiring an additional 1,317 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. Morgan Stanley reduced their price target 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. Barclays reduced their price target on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. TD Cowen increased their price target on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $72.82.

Insider Activity

In other news, Director Peter J. Taylor sold 500 shares of the firm’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 completion of the transaction, the director owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. This trade represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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.

Edison International Stock Performance

Shares of Edison International stock opened at $68.93 on Monday. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $76.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. The firm has a market capitalization of $26.52 billion, a P/E ratio of 7.48, a P/E/G ratio of 1.19 and a beta of 0.68. The company’s 50 day moving average price is $71.69 and its two-hundred day moving average price is $64.54.

Edison International (NYSE:EIX) last issued its 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. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the business posted $1.37 earnings per share. The company’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. On average, equities analysts forecast that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th were paid a dividend of $0.8775 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $3.51 annualized dividend and a dividend yield of 5.1%. Edison International’s dividend payout ratio (DPR) is presently 38.11%.

About Edison International

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.