Capital Research Global Investors Has $62.28 Million Stock Holdings in Edison International $EIX

Capital Research Global Investors decreased its stake in Edison International (NYSE:EIX) by 73.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,126,693 shares of the utilities provider’s stock after selling 3,197,652 shares during the period. Capital Research Global Investors owned about 0.29% of Edison International worth $62,283,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its stake in shares of Edison International by 112.9% in the 1st 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 increased its holdings in 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 purchasing an additional 211 shares in the last quarter. Woodline Partners LP increased its holdings in Edison International by 40.7% in the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after purchasing an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC raised its position in Edison International by 153.6% in the second 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 during the last quarter. Finally, Summit Investment Advisors Inc. raised its position in Edison International by 54.3% in the first quarter. Summit Investment Advisors Inc. now owns 17,202 shares of the utilities provider’s stock valued at $1,014,000 after purchasing an additional 6,050 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 0.6%

Edison International stock opened at $71.52 on Thursday. The company has a market capitalization of $27.52 billion, a PE ratio of 6.19, a PEG 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 firm’s fifty day moving average is $66.08 and its 200 day moving average is $60.05. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 1.92.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period last year, the company posted $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 predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors 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 of this dividend is Tuesday, April 7th. Edison International’s payout ratio is presently 30.36%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on EIX shares. Barclays boosted their price target on Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a report on Friday, February 20th. LADENBURG THALM/SH SH reiterated a “sell” rating and set a $63.00 target price on shares of Edison International in a research report on Thursday, March 5th. Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, Zacks Research downgraded shares of Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Edison International currently has an average rating of “Hold” and a consensus target price of $68.56.

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.