Universal Beteiligungs und Servicegesellschaft mbH grew its position in Edison International (NYSE:EIX - Free Report) by 17.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 652,555 shares of the utilities provider's stock after acquiring an additional 99,294 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.17% of Edison International worth $39,748,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. LVW Advisors LLC raised its stake in shares of Edison International by 4.6% in the fourth quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider's stock valued at $254,000 after acquiring an additional 186 shares during the period. Diligent Investors LLC raised its stake in shares of Edison International by 1.5% in the third quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider's stock valued at $768,000 after acquiring an additional 201 shares during the period. Empowered Funds LLC raised its stake in shares of Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider's stock valued at $523,000 after acquiring an additional 211 shares during the period. Michels Family Financial LLC raised its stake in shares of Edison International by 1.5% in the third quarter. Michels Family Financial LLC now owns 15,217 shares of the utilities provider's stock valued at $841,000 after acquiring an additional 231 shares during the period. Finally, Generali Asset Management SPA SGR raised its stake in shares of Edison International by 0.7% in the third quarter. Generali Asset Management SPA SGR now owns 31,539 shares of the utilities provider's stock valued at $1,743,000 after acquiring an additional 234 shares during the period. Hedge funds and other institutional investors own 88.95% of the company's stock.
Insider Transactions at Edison International
In other Edison International 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 transaction, the director directly owned 34,212 shares in the company, valued at $2,576,163.60. This represents a 1.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Edison International from $66.00 to $74.00 and gave the company a "neutral" rating in a report on Wednesday, March 18th. Morgan Stanley lowered their price objective on shares of Edison International from $71.00 to $70.00 and set an "underweight" rating for the company in a research report on Tuesday. Weiss Ratings raised shares of Edison International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, April 15th. Mizuho set a $79.00 price objective on shares of Edison International in a research report on Thursday, February 19th. Finally, Wells Fargo & Company reissued an "underweight" rating and issued a $62.00 price objective on shares of Edison International in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $72.82.
Get Our Latest Research Report on Edison International
Edison International Stock Up 1.4%
Shares of Edison International stock opened at $70.37 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68. Edison International has a 1 year low of $47.73 and a 1 year high of $76.21. The firm's 50-day moving average is $72.31 and its two-hundred day moving average is $63.63. The stock has a market cap of $27.09 billion, a price-to-earnings ratio of 6.09, a PEG ratio of 1.20 and a beta of 0.77.
Edison International (NYSE:EIX - Get Free Report) last issued its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The company had revenue of $5.21 billion for the quarter, compared to analysts' expectations of $4.29 billion. During the same period in the prior year, the business earned $1.05 EPS. 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. As a group, research analysts expect that Edison International will post 6.13 earnings per share for the current fiscal year.
Edison International Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders 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 5.0%. The ex-dividend date is Tuesday, April 7th. Edison International's dividend payout ratio is presently 30.36%.
Edison International Company Profile
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Free Report)
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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