Massachusetts Financial Services Co. MA Has $228.05 Million Stock Holdings in Edison International $EIX

Massachusetts Financial Services Co. MA decreased its stake in shares of Edison International (NYSE:EIX) by 26.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,125,416 shares of the utilities provider’s stock after selling 1,467,586 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Edison International were worth $228,053,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Edison International during the 2nd quarter worth approximately $268,801,000. AQR Capital Management LLC raised its position in Edison International by 83.5% in the 2nd quarter. AQR Capital Management LLC now owns 9,962,902 shares of the utilities provider’s stock worth $510,649,000 after purchasing an additional 4,534,864 shares during the last quarter. Vanguard Group Inc. increased its position in Edison International by 4.9% in the second quarter. Vanguard Group Inc. now owns 51,470,117 shares of the utilities provider’s stock worth $2,655,858,000 after purchasing an additional 2,386,562 shares during the period. Los Angeles Capital Management LLC lifted its holdings in Edison International by 237.2% in the second quarter. Los Angeles Capital Management LLC now owns 1,904,568 shares of the utilities provider’s stock valued at $98,276,000 after buying an additional 1,339,806 shares during the period. Finally, Man Group plc grew its stake in shares of Edison International by 109.6% during the second quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock worth $119,409,000 after purchasing an additional 1,209,964 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Insider Buying and Selling

In other news, Director Peter J. Taylor sold 1,800 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $55.27, for a total transaction of $99,486.00. Following the completion of the transaction, the director directly owned 35,212 shares of the company’s stock, valued at $1,946,167.24. This represents a 4.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.20% of the company’s stock.

Edison International Trading Up 1.6%

Shares of EIX stock opened at $62.48 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 1.95. Edison International has a 1-year low of $47.73 and a 1-year high of $63.97. The stock has a 50-day moving average of $59.25 and a 200-day moving average of $56.24. The stock has a market cap of $24.04 billion, a price-to-earnings ratio of 8.17, a PEG ratio of 0.91 and a beta of 0.83.

Edison International (NYSE:EIX) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $2.34 EPS for the quarter, beating the consensus estimate of $2.16 by $0.18. The company had revenue of $5.75 billion for the quarter, compared to analyst estimates of $5.31 billion. Edison International had a return on equity of 13.62% and a net margin of 17.24%.The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.51 EPS. Edison International has set its FY 2025 guidance at 5.950-6.200 EPS. On average, equities research analysts forecast that Edison International will post 4.95 earnings per share for the current year.

Edison International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, January 31st. Stockholders of record on Wednesday, January 7th will be paid a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Wednesday, January 7th. This is a positive change from Edison International’s previous quarterly dividend of $0.83. Edison International’s dividend payout ratio (DPR) is presently 45.88%.

Analysts Set New Price Targets

EIX has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. Zacks Research lowered Edison International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Wall Street Zen raised Edison International from a “hold” rating to a “buy” rating in a research report on Thursday, January 15th. Cowen began coverage on Edison International in a report on Wednesday, October 15th. They set a “buy” rating for the company. Finally, Morgan Stanley set a $57.00 price target on Edison International in a research report on Wednesday, December 17th. Six investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $63.80.

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.