Capital Research Global Investors Sells 3,197,652 Shares of Edison International $EIX

Capital Research Global Investors reduced its position in Edison International (NYSE:EIX) by 73.9% during the third quarter, Holdings Channel.com reports. The firm owned 1,126,693 shares of the utilities provider’s stock after selling 3,197,652 shares during the quarter. Capital Research Global Investors’ holdings in Edison International were worth $62,283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MAI Capital Management lifted its stake in shares of Edison International by 20.8% in the second quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock valued at $60,000 after buying an additional 202 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Edison International by 2.4% in 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. Michels Family Financial LLC lifted its position in Edison International by 1.5% in the 3rd quarter. Michels Family Financial LLC now owns 15,217 shares of the utilities provider’s stock valued at $841,000 after acquiring an additional 231 shares in the last quarter. Generali Asset Management SPA SGR boosted its stake in Edison International by 0.7% during the 3rd quarter. Generali Asset Management SPA SGR now owns 31,539 shares of the utilities provider’s stock valued at $1,743,000 after purchasing an additional 234 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators increased its holdings in Edison International by 30.7% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,014 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 238 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EIX. JPMorgan Chase & Co. raised their target price on Edison International from $65.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. Zacks Research cut Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a report on Friday, February 20th. Finally, UBS Group lowered shares of Edison International from a “buy” rating to a “neutral” rating and upped their target price for the stock from $70.00 to $78.00 in a research note on Friday, February 13th. Three investment 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, Edison International currently has a consensus rating of “Hold” and an average price target of $68.56.

Edison International Stock Performance

Shares of Edison International stock opened at $71.52 on Thursday. The business’s fifty day simple moving average is $66.08 and its 200 day simple moving average is $60.05. The firm has a market capitalization of $27.52 billion, a P/E ratio of 6.19, a price-to-earnings-growth ratio of 1.15 and a beta of 0.79. Edison International has a 12 month low of $47.73 and a 12 month high of $75.50. The company has a current ratio of 0.73, a quick ratio of 0.68 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, beating analysts’ consensus estimates of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the company earned $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. As a group, analysts anticipate that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The business 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 yield of 4.9%. Edison International’s dividend payout ratio is presently 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.