Handelsbanken Fonder AB Decreases Stock Holdings in Edison International $EIX

Handelsbanken Fonder AB reduced its stake in shares of Edison International (NYSE:EIX) by 16.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,610 shares of the utilities provider’s stock after selling 44,882 shares during the period. Handelsbanken Fonder AB owned 0.06% of Edison International worth $17,392,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. 10Elms LLP purchased a new position in Edison International during the fourth quarter worth approximately $26,000. Transamerica Financial Advisors LLC grew its holdings in Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after buying an additional 281 shares in the last quarter. Groupe la Francaise purchased a new stake in Edison International in the 1st quarter valued at $29,000. Altshuler Shaham Ltd increased its stake in shares of Edison International by 36.6% in the 1st quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 155 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. increased its stake in shares of Edison International by 866.7% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 702 shares during the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EIX has been the topic of several recent research reports. Truist Financial lowered their price target on shares of Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. 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 report on Friday, July 31st. Bank of America reduced their target price on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Edison International in a report on Monday, July 13th. Finally, Mizuho increased their price target on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $72.82.

Edison International Stock Down 1.0%

Shares of NYSE EIX opened at $69.16 on Thursday. The firm has a market cap of $26.61 billion, a price-to-earnings ratio of 7.13, a PEG ratio of 5.43 and a beta of 0.66. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. Edison International has a 52-week low of $52.00 and a 52-week high of $81.62. The business’s 50 day moving average is $74.08 and its two-hundred day moving average is $71.53.

Edison International (NYSE:EIX) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping 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 business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period last year, the business posted $0.97 earnings per share. The company’s quarterly revenue 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 predict that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were issued a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is 36.19%.

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.