Nykredit A S Purchases New Position in Edison International $EIX

Key Points

• Nykredit A/S purchased 120,689 Edison International shares in the second quarter, valued at approximately $8.99 million. Institutional investors collectively own 88.95% of the utility’s stock.
• Edison International reported quarterly EPS of $1.54, exceeding analyst expectations of $1.18, although revenue declined 4.1% year over year to $4.36 billion.
• The company’s shares opened at $55.28, near their 12-month low, while analysts maintained a cautious outlook with a consensus “Reduce” rating and a $64 average price target. Edison also offers a $3.51 annualized dividend, yielding about 6.3%.

Nykredit A S purchased a new stake in Edison International (NYSE:EIX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 120,689 shares of the utilities provider's stock, valued at approximately $8,985,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in Edison International in the 2nd quarter valued at $3,340,412,000. Geode Capital Management LLC lifted its stake in shares of Edison International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider's stock valued at $803,407,000 after buying an additional 386,905 shares in the last quarter. Norges Bank bought a new position in shares of Edison International in the fourth quarter worth $339,311,000. Goldman Sachs Group Inc. boosted its stake in Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider's stock worth $329,924,000 after purchasing an additional 1,609,847 shares during the period. Finally, Legal & General Group Plc bought a new position in shares of Edison International in the second quarter valued at approximately $329,766,000. Hedge funds and other institutional investors own 88.95% of the company's stock.

Edison International Price Performance

Shares of NYSE EIX opened at $55.28 on Monday. The firm has a market cap of $21.27 billion, a P/E ratio of 5.70, a PEG ratio of 2.23 and a beta of 0.62. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. Edison International has a twelve month low of $52.00 and a twelve month high of $81.62. The company has a 50 day moving average of $68.79 and a 200 day moving average of $70.74.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.18 by $0.36. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.Edison International's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period last year, the company earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts expect that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were issued a $0.8775 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 6.3%. Edison International's dividend payout ratio (DPR) is currently 36.19%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EIX shares. Truist Financial decreased their target price on shares of Edison International from $77.00 to $63.00 and set a "hold" rating on the stock in a report on Thursday, September 3rd. Barclays reiterated an "equal weight" rating and set a $75.00 price objective (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Argus restated a "hold" rating on shares of Edison International in a research report on Wednesday, August 26th. Morgan Stanley cut their target price on shares of Edison International from $65.00 to $60.00 and set an "underweight" rating on the stock in a report on Friday. Finally, Weiss Ratings downgraded Edison International from a "buy (b-)" rating to a "hold (c)" rating in a report on Thursday, September 10th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $64.00.

Edison International Company Profile

Edison International NYSE: EIX is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.

SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.

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