Swiss National Bank Has $61.31 Million Holdings in Edison International $EIX

Swiss National Bank cut its position in shares of Edison International (NYSE:EIX) by 4.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,109,100 shares of the utilities provider’s stock after selling 56,300 shares during the quarter. Swiss National Bank owned 0.29% of Edison International worth $61,311,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EIX. Activest Wealth Management increased its position in shares of Edison International by 677.8% in the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 488 shares in the last quarter. CVA Family Office LLC boosted its stake in Edison International by 113.7% in the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 307 shares during the period. Laurel Wealth Advisors LLC boosted its stake in Edison International by 5,064.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 709 shares during the period. CoreFirst Bank & Trust purchased a new position in Edison International during the 2nd quarter worth approximately $38,000. Finally, Quent Capital LLC purchased a new position in Edison International during the 3rd quarter worth approximately $40,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EIX has been the topic of several recent analyst reports. Morgan Stanley reissued an “underweight” rating on shares of Edison International in a research note on Friday, February 20th. Wells Fargo & Company downgraded Edison International from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $56.00 to $59.00 in a report on Tuesday, January 20th. Jefferies Financial Group dropped their price target on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. JPMorgan Chase & Co. increased their price objective on Edison International from $65.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Three equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $68.56.

Edison International Trading 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. Edison International has a 1-year low of $47.73 and a 1-year high of $75.50. The firm’s fifty day simple moving average is $66.08 and its 200-day simple moving average is $60.05. The company has a market capitalization of $27.52 billion, a PE ratio of 6.19, a price-to-earnings-growth ratio of 1.15 and a beta of 0.79.

Edison International (NYSE:EIX) last released 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 analysts’ expectations of $4.29 billion. During the same quarter last year, the firm earned $1.05 earnings per share. 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, sell-side analysts anticipate that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be issued a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Tuesday, April 7th. Edison International’s payout ratio is currently 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.