Swedbank AB Has $32.23 Million Position in Edison International $EIX

Key Points

• Swedbank AB increased its holdings in Edison International by 4.5%, acquiring 23,501 shares during the 1st quarter, bringing its total ownership to 546,934 shares worth approximately $32.2 million.
• Edison International recently reported $0.97 EPS for the quarter, outperforming estimates and achieving a net margin of 16%, with a revenue increase of 4.8% year-over-year.
• The company declared a quarterly dividend of $0.8275 per share, resulting in an annualized dividend yield of 5.9%.

Swedbank AB increased its holdings in shares of Edison International (NYSE:EIX - Free Report) by 4.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 546,934 shares of the utilities provider's stock after acquiring an additional 23,501 shares during the period. Swedbank AB owned about 0.14% of Edison International worth $32,225,000 at the end of the most recent quarter.

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

Edison International Stock Down 0.6%

EIX traded down $0.32 during trading on Monday, hitting $55.88. The company had a trading volume of 2,945,573 shares, compared to its average volume of 2,990,851. The firm's 50-day moving average price is $53.89 and its 200 day moving average price is $54.73. Edison International has a one year low of $47.73 and a one year high of $88.64. The company has a market capitalization of $21.50 billion, a PE ratio of 8.21, a PEG ratio of 1.32 and a beta of 0.80. The company has a quick ratio of 0.81, a current ratio of 0.87 and a debt-to-equity ratio of 2.03.

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

Edison International Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have commented on EIX. Barclays upped their target price on shares of Edison International from $64.00 to $65.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. UBS Group dropped their target price on shares of Edison International from $68.00 to $66.00 and set a "buy" rating for the company in a research report on Thursday. Morgan Stanley reiterated an "overweight" rating on shares of Edison International in a research report on Thursday, August 21st. JPMorgan Chase & Co. dropped their target price on shares of Edison International from $75.00 to $71.00 and set a "neutral" rating for the company in a research report on Monday, May 19th. Finally, Wolfe Research cut shares of Edison International from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 9th. Eight equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $71.15.

Edison International Company 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.