BNP Paribas Financial Markets Purchases 583,064 Shares of Edison International $EIX

BNP Paribas Financial Markets lifted its position in shares of Edison International (NYSE:EIX) by 40.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,036,823 shares of the utilities provider’s stock after purchasing an additional 583,064 shares during the period. BNP Paribas Financial Markets owned 0.53% of Edison International worth $112,596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in EIX. Franklin Resources Inc. boosted its stake in Edison International by 1.6% in the 3rd quarter. Franklin Resources Inc. now owns 4,186,467 shares of the utilities provider’s stock valued at $231,428,000 after purchasing an additional 67,722 shares during the period. Van ECK Associates Corp increased its position in Edison International by 5.2% during the 3rd quarter. Van ECK Associates Corp now owns 188,002 shares of the utilities provider’s stock worth $10,392,000 after buying an additional 9,304 shares during the period. Bank of Montreal Can increased its position in Edison International by 5.9% during the 3rd quarter. Bank of Montreal Can now owns 723,675 shares of the utilities provider’s stock worth $40,005,000 after buying an additional 40,523 shares during the period. Legal & General Group Plc lifted its holdings in shares of Edison International by 3.7% during the third quarter. Legal & General Group Plc now owns 4,561,255 shares of the utilities provider’s stock worth $252,146,000 after buying an additional 162,336 shares in the last quarter. Finally, Pinkerton Wealth LLC lifted its holdings in shares of Edison International by 15.8% during the third quarter. Pinkerton Wealth LLC now owns 92,075 shares of the utilities provider’s stock worth $5,090,000 after buying an additional 12,591 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EIX shares. Barclays upped their price target on shares of Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. TD Cowen boosted their price objective on shares of Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 20th. Jefferies Financial Group decreased their target price on shares of Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. LADENBURG THALM/SH SH reaffirmed a “sell” rating and set a $63.00 target price on shares of Edison International in a report on Thursday, March 5th. Finally, UBS Group downgraded shares of Edison International from a “buy” rating to a “neutral” rating and lifted their price target for the company from $70.00 to $78.00 in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $68.56.

Edison International Stock Up 0.6%

EIX stock opened at $71.52 on Thursday. The company has a market cap of $27.52 billion, a PE ratio of 6.19, a price-to-earnings-growth ratio of 1.15 and a beta of 0.79. The business has a 50-day simple moving average of $66.08 and a 200 day simple moving average of $60.05. Edison International has a 52 week low of $47.73 and a 52 week high of $75.50. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 1.92.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The firm had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the company posted $1.05 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. Sell-side analysts anticipate that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be given a dividend of $0.8775 per share. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. Edison International’s dividend payout ratio (DPR) is currently 30.36%.

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.