Oslo Pensjonsforsikring AS Makes New Investment in Edison International $EIX

Oslo Pensjonsforsikring AS acquired a new stake in shares of Edison International (NYSE:EIXFree Report) during the 1st quarter, Holdings Channel reports. The fund acquired 6,834 shares of the utilities provider’s stock, valued at approximately $500,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EIX. AQR Capital Management LLC grew its holdings in shares of Edison International by 69.9% during the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after buying an additional 7,521,168 shares during the last quarter. Norges Bank purchased a new position in Edison International in the 4th quarter worth approximately $339,311,000. Goldman Sachs Group Inc. lifted its position 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 valued at $329,924,000 after acquiring an additional 1,609,847 shares in the last quarter. Assetmark Inc. lifted its position in Edison International by 1,118.0% in the 1st quarter. Assetmark Inc. now owns 1,601,327 shares of the utilities provider’s stock valued at $117,185,000 after acquiring an additional 1,469,860 shares in the last quarter. Finally, Swedbank AB boosted its stake in Edison International by 207.0% during the 1st quarter. Swedbank AB now owns 2,073,181 shares of the utilities provider’s stock valued at $151,715,000 after purchasing an additional 1,397,858 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Stock Up 1.1%

EIX stock opened at $78.09 on Wednesday. Edison International has a fifty-two week low of $51.01 and a fifty-two week high of $79.88. The business’s 50-day moving average is $72.98 and its two-hundred day moving average is $70.04. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The company has a market cap of $30.05 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 6.00 and a beta of 0.66.

Edison International (NYSE:EIXGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the company posted $1.37 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts forecast that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be issued a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, July 7th. Edison International’s dividend payout ratio is currently 38.11%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on EIX shares. Weiss Ratings restated a “buy (b-)” rating on shares of Edison International in a research note on Monday, July 13th. Seaport Research Partners downgraded Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. JPMorgan Chase & Co. raised their price target on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Truist Financial reduced their price target on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Finally, Bank of America decreased their price objective on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Edison International has a consensus rating of “Hold” and an average target price of $72.73.

Get Our Latest Stock Report on Edison International

About Edison International

(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.

See Also

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Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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