Danske Bank A S Makes New Investment in Edison International $EIX

Danske Bank A S bought a new stake in Edison International (NYSE:EIX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 610,009 shares of the utilities provider’s stock, valued at approximately $45,415,000. Danske Bank A S owned approximately 0.16% of Edison International as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Edison International by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock worth $3,134,268,000 after buying an additional 480,726 shares during the last quarter. BlackRock Inc. bought a new position in Edison International during the 2nd quarter valued at $3,340,412,000. State Street Corp boosted its stake in Edison International by 3.0% during the 4th quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock valued at $1,989,135,000 after acquiring an additional 953,800 shares during the last quarter. AQR Capital Management LLC boosted its stake in Edison International by 69.9% during the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after acquiring an additional 7,521,168 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Edison International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock worth $803,407,000 after acquiring an additional 386,905 shares in the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Barclays reissued an “equal weight” rating and issued a $75.00 target price (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Mizuho lifted their price target on Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. boosted their price objective on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Weiss Ratings cut Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Finally, Truist Financial reduced their target price on Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a report on Tuesday, August 4th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $72.82.

Edison International Stock Performance

Shares of NYSE EIX opened at $73.38 on Thursday. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. The firm’s 50-day moving average price is $74.11 and its two-hundred day moving average price is $71.89. Edison International has a 52-week low of $52.00 and a 52-week high of $81.62. The stock has a market capitalization of $28.24 billion, a P/E ratio of 7.57, a P/E/G ratio of 5.72 and a beta of 0.66.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.18 by $0.36. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The business’s revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, sell-side analysts forecast that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were paid a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is presently 36.19%.

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.