Groupama Asset Managment Sells 21,669 Shares of Edison International $EIX

Groupama Asset Managment reduced its stake in Edison International (NYSE:EIX) by 46.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,862 shares of the utilities provider’s stock after selling 21,669 shares during the quarter. Groupama Asset Managment’s holdings in Edison International were worth $1,374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its holdings in Edison International by 677.8% during the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 488 shares in the last quarter. CVA Family Office LLC raised its stake in shares of Edison International by 113.7% in the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 307 shares during the period. Laurel Wealth Advisors LLC lifted its holdings in shares of Edison International by 5,064.3% in the second quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 709 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in shares of Edison International during the second quarter worth about $38,000. Finally, Quent Capital LLC acquired a new position in shares of Edison International during the third quarter worth about $40,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company lowered Edison International from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $56.00 to $59.00 in a research report on Tuesday, January 20th. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research report on Friday, February 20th. TD Cowen raised their price target on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. lifted their price objective on shares of Edison International from $66.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $69.44.

Edison International Price Performance

NYSE:EIX opened at $71.78 on Friday. Edison International has a 52-week low of $47.73 and a 52-week high of $75.50. The company has a market cap of $27.63 billion, a P/E ratio of 6.21, a P/E/G ratio of 1.17 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. The stock’s 50-day simple moving average is $67.54 and its 200 day simple moving average is $60.72.

Edison International (NYSE:EIX) last issued its quarterly 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. The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations 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 prior year, the firm 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 forecast that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be issued a $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, April 7th. 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.