Edison International $EIX Shares Sold by Teacher Retirement System of Texas

Key Points

• Teacher Retirement System of Texas reduced its Edison International stake by 32.7%, selling 51,787 shares in Q4 and leaving 106,486 shares valued at $6.39 million at quarter-end.
• Edison beat expectations with $1.87 EPS vs. $1.47 expected and $5.21B revenue, issued FY2026 EPS guidance of 5.900–6.200, and declared a $0.8775 quarterly dividend (about a 5.1% yield).
• The stock carries an average analyst rating of "Hold" with a $72.82 target, institutional ownership is high at 88.95%, and some investors sharply boosted positions (e.g., Gradient Investments +949.8%).

Teacher Retirement System of Texas lowered its position in shares of Edison International (NYSE:EIX - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,486 shares of the utilities provider's stock after selling 51,787 shares during the period. Teacher Retirement System of Texas' holdings in Edison International were worth $6,391,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Edison International by 169.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider's stock valued at $6,901,000 after acquiring an additional 78,531 shares in the last quarter. Versor Investments LP boosted its stake in Edison International by 55.0% in the third quarter. Versor Investments LP now owns 51,830 shares of the utilities provider's stock valued at $2,865,000 after acquiring an additional 18,381 shares in the last quarter. Nordea Investment Management AB boosted its stake in Edison International by 1.7% in the third quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider's stock valued at $92,984,000 after acquiring an additional 28,586 shares in the last quarter. Gradient Investments LLC boosted its stake in Edison International by 949.8% in the fourth quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider's stock valued at $15,789,000 after acquiring an additional 237,999 shares in the last quarter. Finally, Convergence Investment Partners LLC boosted its stake in Edison International by 67.6% in the third quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider's stock valued at $1,494,000 after acquiring an additional 10,901 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EIX. Morgan Stanley reduced their target price on shares of Edison International from $71.00 to $70.00 and set an "underweight" rating for the company in a report on Tuesday, April 21st. Truist Financial began coverage on shares of Edison International in a report on Monday, April 20th. They issued a "hold" rating and a $82.00 target price for the company. TD Cowen upped their target price on shares of Edison International from $71.00 to $83.00 and gave the company a "buy" rating in a report on Friday, February 20th. LADENBURG THALM/SH SH reaffirmed a "sell" rating and issued a $63.00 target price on shares of Edison International in a report on Thursday, March 5th. Finally, Barclays upped their target price on shares of Edison International from $67.00 to $78.00 and gave the company an "overweight" rating in a report on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $72.82.

Insider Transactions at Edison International

In related news, Director Peter J. Taylor sold 500 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $75.30, for a total transaction of $37,650.00. Following the completion of the transaction, the director directly owned 34,212 shares of the company's stock, valued at $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by corporate insiders.

Edison International Price Performance

Shares of NYSE:EIX opened at $68.94 on Monday. The company has a 50-day simple moving average of $72.27 and a 200-day simple moving average of $63.87. Edison International has a one year low of $47.73 and a one year high of $76.21. 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 has a market capitalization of $26.53 billion, a price-to-earnings ratio of 5.96, a PEG ratio of 1.19 and a beta of 0.77.

Edison International (NYSE:EIX - Get Free Report) last announced its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.40. The business had revenue of $5.21 billion during the quarter, compared to analysts' expectations of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same period in the prior year, the company earned $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. On average, analysts predict that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be issued a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International's dividend payout ratio is currently 30.36%.

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.

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