Vinva Investment Management Ltd Has $3.27 Million Stock Position in Edison International $EIX

Vinva Investment Management Ltd grew its holdings in shares of Edison International (NYSE:EIX) by 135.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 59,108 shares of the utilities provider’s stock after acquiring an additional 34,014 shares during the period. Vinva Investment Management Ltd’s holdings in Edison International were worth $3,265,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of EIX. Norges Bank bought a new stake in shares of Edison International in the second quarter worth $268,801,000. AQR Capital Management LLC raised its position in Edison International by 83.5% during 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. raised its position in Edison International by 4.9% during the 2nd 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 last quarter. Man Group plc lifted its holdings in Edison International by 109.6% during the 2nd quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock worth $119,409,000 after buying an additional 1,209,964 shares during the period. Finally, Allianz Asset Management GmbH grew its position in shares of Edison International by 71.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,425,926 shares of the utilities provider’s stock valued at $134,105,000 after buying an additional 1,009,508 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

EIX has been the subject of several recent research reports. Barclays increased their price target on Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Jefferies Financial Group reduced their target price on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. TD Cowen increased their target price on shares of Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Finally, LADENBURG THALM/SH SH restated a “sell” rating and issued a $63.00 price target on shares of Edison International in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $68.56.

Edison International Stock Performance

EIX stock opened at $70.59 on Tuesday. The firm has a market cap of $27.16 billion, a PE ratio of 6.11, a price-to-earnings-growth ratio of 1.16 and a beta of 0.79. 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 has a 50-day moving average price of $65.64 and a 200-day moving average price of $59.86. Edison International has a 1-year low of $47.73 and a 1-year high of $75.50.

Edison International (NYSE:EIX) last announced its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 EPS 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 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, equities research analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be issued a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Tuesday, April 7th. Edison International’s dividend payout ratio is presently 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.