Magnetar Financial LLC Trims Stock Position in Edison International $EIX

Magnetar Financial LLC decreased its holdings in Edison International (NYSE:EIX) by 53.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 79,268 shares of the utilities provider’s stock after selling 91,094 shares during the period. Magnetar Financial LLC’s holdings in Edison International were worth $4,382,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Edison International in the second quarter worth approximately $268,801,000. AQR Capital Management LLC increased its position in Edison International by 83.5% during the second 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 stake in Edison International by 4.9% during the second 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 period. Man Group plc boosted its holdings in shares of Edison International by 109.6% in the 2nd quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock valued at $119,409,000 after purchasing an additional 1,209,964 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake in shares of Edison International by 71.3% during 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 period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Price Performance

EIX stock opened at $71.52 on Thursday. The firm has a market cap 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. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. Edison International has a 1 year low of $47.73 and a 1 year high of $75.50. The stock has a 50-day simple moving average of $66.08 and a 200-day simple moving average of $60.05.

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

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors 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 yield of 4.9%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International’s dividend payout ratio (DPR) is presently 30.36%.

Analyst Ratings Changes

EIX has been the topic of several research reports. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International 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. TD Cowen lifted their price objective on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Mizuho set a $79.00 price target on shares of Edison International in a report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Edison International presently has an average rating of “Hold” and an average target price of $68.56.

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.