BI Asset Management Fondsmaeglerselskab A S Has $7.43 Million Stock Position in Edison International $EIX

Key Points

• BI Asset Management Fondsmaeglerselskab A S cut its Edison International stake by 25.3% in the fourth quarter, selling 41,847 shares and leaving it with 123,738 shares worth about $7.43 million.
• Other big investors were active as well, including Norges Bank taking a new position and Goldman Sachs boosting its holdings; overall, 88.95% of Edison International stock is held by institutional investors and hedge funds.
• Analysts currently have a Hold consensus on the stock with a target price of $72.64, while Edison International recently reported quarterly EPS of $1.42, beating estimates.

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in shares of Edison International (NYSE:EIX - Free Report) by 25.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,738 shares of the utilities provider's stock after selling 41,847 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Edison International were worth $7,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of EIX. Norges Bank acquired a new position in Edison International during the fourth quarter valued at $339,311,000. Goldman Sachs Group Inc. raised its position in Edison International by 41.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider's stock valued at $329,924,000 after buying an additional 1,609,847 shares during the period. SG Americas Securities LLC raised its position in Edison International by 2,970.8% during the fourth quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider's stock valued at $77,863,000 after buying an additional 1,255,034 shares during the period. Man Group plc raised its position in Edison International by 109.6% during the second quarter. Man Group plc now owns 2,314,124 shares of the utilities provider's stock valued at $119,409,000 after buying an additional 1,209,964 shares during the period. Finally, AQR Capital Management LLC raised its position in Edison International by 8.0% during the third quarter. AQR Capital Management LLC now owns 10,763,984 shares of the utilities provider's stock valued at $595,033,000 after buying an additional 801,082 shares during the period. 88.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Truist Financial dropped their target price on Edison International from $82.00 to $79.00 and set a "hold" rating on the stock in a research report on Monday, May 18th. Seaport Research Partners lowered Edison International from a "buy" rating to a "neutral" rating in a research report on Monday, April 20th. JPMorgan Chase & Co. upped their target price on Edison International from $75.00 to $76.00 and gave the stock a "neutral" rating in a research report on Friday, May 15th. Wells Fargo & Company reaffirmed an "underweight" rating and issued a $62.00 target price on shares of Edison International in a research report on Tuesday, April 21st. Finally, Barclays dropped their target price on Edison International from $78.00 to $77.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $72.64.

Insider Activity

In other news, Director Peter J. Taylor sold 500 shares of the company's stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the completion of the sale, the director owned 34,212 shares in the company, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company's stock.

Edison International Stock Performance

Shares of EIX stock opened at $73.46 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $76.21. The stock's 50-day moving average is $70.99 and its two-hundred day moving average is $66.49. The firm has a market cap of $28.27 billion, a P/E ratio of 7.98, a PEG ratio of 1.27 and a beta of 0.67.

Edison International (NYSE:EIX - Get Free Report) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business's revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts predict that Edison International will post 6.12 earnings per share for the current fiscal year.

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.

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