Swedbank AB Has $29.92 Million Position in Edison International $EIX

Swedbank AB boosted its position in Edison International (NYSE:EIX - Free Report) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 579,758 shares of the utilities provider's stock after purchasing an additional 32,824 shares during the period. Swedbank AB owned 0.15% of Edison International worth $29,916,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC increased its holdings in Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider's stock worth $523,000 after purchasing an additional 211 shares in the last quarter. KWB Wealth raised its position in shares of Edison International by 1.5% during the first quarter. KWB Wealth now owns 14,751 shares of the utilities provider's stock worth $869,000 after acquiring an additional 218 shares during the last quarter. Presima Securities ULC raised its position in shares of Edison International by 2.5% during the first quarter. Presima Securities ULC now owns 9,174 shares of the utilities provider's stock worth $541,000 after acquiring an additional 224 shares during the last quarter. Private Advisor Group LLC raised its position in shares of Edison International by 1.5% during the first quarter. Private Advisor Group LLC now owns 17,764 shares of the utilities provider's stock worth $1,047,000 after acquiring an additional 254 shares during the last quarter. Finally, Investment Management Corp VA ADV raised its position in shares of Edison International by 159.6% during the first quarter. Investment Management Corp VA ADV now owns 431 shares of the utilities provider's stock worth $25,000 after acquiring an additional 265 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company's stock.

Wall Street Analysts Forecast Growth

EIX has been the subject of a number of analyst reports. Barclays raised their price objective on Edison International from $64.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. UBS Group decreased their target price on Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Wolfe Research cut Edison International from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 9th. Finally, Morgan Stanley raised their target price on Edison International from $55.00 to $61.00 and gave the stock an "underweight" rating in a research note on Thursday. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $72.15.

Edison International Stock Up 0.2%

Shares of NYSE:EIX opened at $55.68 on Friday. The business's 50 day simple moving average is $54.26 and its two-hundred day simple moving average is $54.75. The firm has a market cap of $21.43 billion, a P/E ratio of 8.18, a PEG ratio of 1.30 and a beta of 0.80. 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 52-week low of $47.73 and a 52-week high of $88.64.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.09. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.52 billion. Edison International had a return on equity of 11.99% and a net margin of 16.00%.The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 earnings per share. Edison International has set its FY 2025 guidance at 5.940-6.340 EPS. As a group, research analysts forecast that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, July 7th were issued a $0.8275 dividend. The ex-dividend date was Monday, July 7th. This represents a $3.31 annualized dividend and a yield of 5.9%. Edison International's dividend payout ratio is presently 48.60%.

Edison International Profile

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.

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