Forsta AP Fonden Has $16.31 Million Stock Position in Edison International $EIX

Forsta AP Fonden boosted its position in shares of Edison International (NYSE:EIX) by 84.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 271,800 shares of the utilities provider’s stock after purchasing an additional 124,800 shares during the period. Forsta AP Fonden’s holdings in Edison International were worth $16,313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake in shares of Edison International by 112.9% in the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after acquiring an additional 5,190 shares during the last quarter. Empowered Funds LLC grew its position in Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after acquiring an additional 211 shares during the last quarter. Woodline Partners LP increased its holdings in Edison International by 40.7% during the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after purchasing an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in Edison International by 153.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after purchasing an additional 5,290 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new position in Edison International in the 2nd quarter valued at $302,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 500 shares of Edison International stock in a transaction that occurred 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 sale, the director owned 34,212 shares in the company, valued at $2,576,163.60. The trade was a 1.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

EIX has been the topic of a number of recent analyst reports. Truist Financial reduced their price objective on Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. lifted their price target on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. UBS Group lowered shares of Edison International from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $70.00 to $78.00 in a report on Friday, February 13th. Finally, Mizuho set a $79.00 price objective on shares of Edison International in a research report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $72.64.

Edison International Trading Down 0.4%

Shares of EIX opened at $69.98 on Friday. The stock’s fifty day simple moving average is $70.95 and its 200-day simple moving average is $66.03. The firm has a market capitalization of $26.93 billion, a PE ratio of 7.60, a price-to-earnings-growth ratio of 1.21 and a beta of 0.68. Edison International has a 12-month low of $47.73 and a 12-month high of $76.21. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The company’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the company earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts predict that Edison International will post 6.12 earnings per share for the current year.

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.