Nykredit A S Makes New $10.08 Million Investment in Edison International $EIX

Key Points

• Nykredit A/S purchased 135,433 Edison International shares during the second quarter, establishing a position valued at approximately $10.08 million. Institutional investors and hedge funds collectively own 88.95% of the company.
• Analysts have grown more cautious: Edison International carries a consensus “Reduce” rating, with a $64.55 average price target after several firms recently cut their targets and ratings.
• Edison International reported quarterly EPS of $1.54, exceeding the $1.18 consensus estimate, while revenue fell 4.1% year over year to $4.36 billion. The company pays an annualized $3.51 dividend, yielding about 6.2%.

Nykredit A S purchased a new position in shares of Edison International (NYSE:EIX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 135,433 shares of the utilities provider's stock, valued at approximately $10,083,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Avior Wealth Management LLC grew its position in Edison International by 4.7% in the second quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider's stock valued at $220,000 after purchasing an additional 134 shares in the last quarter. Equitable Trust Co. lifted its position in Edison International by 0.8% during the 1st quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider's stock worth $1,435,000 after buying an additional 148 shares in the last quarter. Altshuler Shaham Ltd boosted its stake in shares of Edison International by 36.6% during the 1st quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider's stock worth $42,000 after buying an additional 155 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Edison International by 5.3% during the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider's stock worth $190,000 after buying an additional 159 shares during the last quarter. Finally, Paladin Wealth LLC grew its holdings in shares of Edison International by 6.3% in the 2nd quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider's stock valued at $226,000 after acquiring an additional 181 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EIX has been the topic of several analyst reports. Morgan Stanley dropped their target price on Edison International from $69.00 to $65.00 and set an "underweight" rating on the stock in a report on Friday, August 21st. Bank of America lowered Edison International from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $81.00 to $51.00 in a research report on Tuesday, September 1st. Mizuho reiterated a "neutral" rating and set a $70.00 price objective (down from $86.00) on shares of Edison International in a research note on Monday, August 31st. Barclays reissued an "equal weight" rating and issued a $75.00 price objective (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Finally, Argus restated a "hold" rating on shares of Edison International in a report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $64.55.

Edison International Price Performance

NYSE:EIX opened at $56.64 on Friday. Edison International has a 52 week low of $52.00 and a 52 week high of $81.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The firm's 50-day simple moving average is $72.54 and its 200 day simple moving average is $71.96. The firm has a market cap of $21.80 billion, a price-to-earnings ratio of 5.84, a P/E/G ratio of 2.29 and a beta of 0.62.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The firm had revenue of $4.36 billion during the quarter, compared to analysts' expectations of $4.82 billion. During the same period in the previous year, the firm earned $0.97 EPS. The company's quarterly revenue was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, sell-side analysts predict 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. Stockholders of record on Tuesday, July 7th were issued a $0.8775 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 6.2%. Edison International's dividend payout ratio is 36.19%.

Edison International Company 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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