BI Asset Management Fondsmaeglerselskab A S Increases Stock Position in Edison International $EIX

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Edison International by 283.2%, acquiring a total of 209,487 shares valued at approximately $12.34 million.
• Multiple institutional investors, including Oppenheimer & Co. and GAMMA Investing LLC, have significantly increased their positions in Edison International, highlighting strong institutional interest with 88.95% of the company's stock owned by institutions.
• Edison International reported $0.97 earnings per share for the last quarter, surpassing estimates, and intends to pay a quarterly dividend of $0.8275, yielding 5.9% annually.

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Edison International (NYSE:EIX - Free Report) by 283.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 209,487 shares of the utilities provider's stock after buying an additional 154,814 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.05% of Edison International worth $12,343,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EIX. Commerce Bank increased its holdings in shares of Edison International by 4.0% in the 4th quarter. Commerce Bank now owns 12,574 shares of the utilities provider's stock worth $1,004,000 after buying an additional 487 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Edison International by 4.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,724,796 shares of the utilities provider's stock worth $137,706,000 after buying an additional 74,314 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Edison International by 2.0% in the 4th quarter. MetLife Investment Management LLC now owns 102,348 shares of the utilities provider's stock worth $8,171,000 after buying an additional 2,036 shares during the last quarter. TD Waterhouse Canada Inc. increased its holdings in shares of Edison International by 22.5% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,837 shares of the utilities provider's stock worth $147,000 after buying an additional 337 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. increased its holdings in shares of Edison International by 44.9% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 84,841 shares of the utilities provider's stock worth $6,774,000 after buying an additional 26,286 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EIX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research note on Monday, May 19th. Wolfe Research cut shares of Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Barclays lifted their price target on shares of Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Evercore ISI reaffirmed an "outperform" rating on shares of Edison International in a research note on Thursday, May 15th. Finally, Morgan Stanley dropped their price target on shares of Edison International from $52.00 to $51.00 and set an "underweight" rating for the company in a research note on Wednesday, June 18th. Nine analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Edison International currently has an average rating of "Moderate Buy" and an average target price of $75.21.

Edison International Trading Up 3.2%

Edison International stock traded up $1.7230 during trading hours on Friday, hitting $55.5330. The company had a trading volume of 2,685,737 shares, compared to its average volume of 3,706,891. The firm has a market cap of $21.37 billion, a P/E ratio of 8.15, a P/E/G ratio of 1.31 and a beta of 0.75. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.81 and a current ratio of 0.87. Edison International has a 1 year low of $47.73 and a 1 year high of $88.77. The company has a 50-day moving average price of $52.50 and a two-hundred day moving average price of $54.30.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.09. The company had revenue of $4.54 billion during the quarter, compared to analysts' expectations of $4.52 billion. Edison International had a net margin of 16.00% and a return on equity of 11.99%. The firm's quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 EPS. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. On average, sell-side analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were given a $0.8275 dividend. This represents a $3.31 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Monday, July 7th. Edison International's payout ratio is 48.60%.

About Edison International

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.