Maryland State Retirement & Pension System Sells 15,394 Shares of Edison International $EIX

Maryland State Retirement & Pension System reduced its holdings in shares of Edison International (NYSE:EIX) by 4.0% in the first quarter, HoldingsChannel.com reports. The fund owned 366,061 shares of the utilities provider’s stock after selling 15,394 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Edison International were worth $26,788,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Gradient Investments LLC boosted its holdings in shares of Edison International by 949.8% during the 4th quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock worth $15,789,000 after buying an additional 237,999 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Edison International by 5.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock valued at $260,859,000 after acquiring an additional 220,785 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Edison International by 5.6% in the 4th quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider’s stock valued at $108,204,000 after acquiring an additional 94,727 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Edison International by 41.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock valued at $329,924,000 after acquiring an additional 1,609,847 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Edison International by 128.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider’s stock valued at $1,444,000 after acquiring an additional 13,375 shares during the period. 88.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

EIX has been the topic of several research analyst reports. Weiss Ratings raised shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. upped their price objective on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Barclays increased their price objective on shares of Edison International from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday. Seaport Research Partners downgraded Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Finally, Bank of America decreased their target price on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $72.73.

Edison International Stock Performance

Shares of EIX stock opened at $76.72 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The firm has a fifty day simple moving average of $72.19 and a two-hundred day simple moving average of $69.43. Edison International has a 12 month low of $50.19 and a 12 month high of $77.95. The firm has a market capitalization of $29.52 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 1.32 and a beta of 0.66.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts forecast that Edison International will post 6.12 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be issued a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, July 7th. Edison International’s dividend payout ratio is currently 38.11%.

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.