BlackRock Amends Edison Intl. Stake, Maintains Passive Position
Ticker: EIX · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 827052
| Field | Detail |
|---|---|
| Company | Edison International (EIX) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a chunk of Edison International, business as usual.**
AI Summary
BlackRock Inc. filed an amendment (SC 13G/A) on January 24, 2024, disclosing its ownership of Edison International (EIX) common stock as of December 31, 2023. This filing, Amendment No. 16, indicates BlackRock's continued significant, but passive, investment in Edison International. This matters to investors because BlackRock is a major institutional holder, and their continued presence suggests confidence in the company, though any future changes in their stake could influence stock perception.
Why It Matters
This filing confirms BlackRock, a major institutional investor, continues to hold a significant stake in Edison International, signaling ongoing confidence in the utility company.
Risk Assessment
Risk Level: low — This is a routine amendment from a passive institutional investor and does not indicate any immediate risk or significant change in company fundamentals.
Analyst Insight
Investors should note BlackRock's continued passive ownership as a sign of institutional confidence, but this filing alone doesn't warrant immediate action. It's a routine update.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Edison International (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Edison International for the foreseeable future. (BlackRock Inc.) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 16, as stated in the filing.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated in the 'FILED BY' section of the filing.
What is the subject company of this filing?
The subject company is EDISON INTERNATIONAL, as stated under 'SUBJECT COMPANY' and 'Name of Issuer' in the filing.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Edison International is 281020107, as listed in the filing.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding EDISON INTERNATIONAL (EIX).