Swiss National Bank Sells 56,300 Shares of Edison International $EIX

Swiss National Bank cut its holdings in Edison International (NYSE:EIX) by 4.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,109,100 shares of the utilities provider’s stock after selling 56,300 shares during the quarter. Swiss National Bank’s holdings in Edison International were worth $61,311,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Edison International by 169.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after buying an additional 78,531 shares during the period. Versor Investments LP lifted its position in Edison International by 55.0% during the 3rd quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock worth $2,865,000 after acquiring an additional 18,381 shares during the last quarter. Nordea Investment Management AB lifted its position in Edison International by 1.7% during the 3rd quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock worth $92,984,000 after acquiring an additional 28,586 shares during the last quarter. Convergence Investment Partners LLC boosted its holdings in Edison International by 67.6% during the third quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock valued at $1,494,000 after acquiring an additional 10,901 shares during the period. Finally, Krilogy Financial LLC grew its position in shares of Edison International by 141.8% in the third quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock valued at $1,705,000 after purchasing an additional 17,616 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on EIX. Mizuho set a $79.00 price objective on Edison International in a research report on Thursday, February 19th. TD Cowen lifted their price target on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Wall Street Zen cut Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Zacks Research lowered shares of Edison International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Edison International in a report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Edison International has an average rating of “Hold” and a consensus target price of $68.56.

Edison International Stock Up 0.6%

NYSE EIX opened at $71.52 on Thursday. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92. The stock’s 50 day moving average is $66.08 and its two-hundred day moving average is $60.05. The company has a market capitalization of $27.52 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 1.15 and a beta of 0.79. Edison International has a 1-year low of $47.73 and a 1-year high of $75.50.

Edison International (NYSE:EIX) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The company had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same period in the prior year, the company posted $1.05 EPS. 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. Equities analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be given a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Tuesday, April 7th. Edison International’s dividend payout ratio is 30.36%.

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.