Transcend Capital Advisors LLC Has $1.09 Million Stock Holdings in Edison International $EIX

Transcend Capital Advisors LLC boosted its holdings in shares of Edison International (NYSE:EIX) by 75.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,162 shares of the utilities provider’s stock after acquiring an additional 7,789 shares during the period. Transcend Capital Advisors LLC’s holdings in Edison International were worth $1,090,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of EIX. Activest Wealth Management grew its stake in shares of Edison International by 677.8% in the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 488 shares in the last quarter. CVA Family Office LLC grew its stake in shares of Edison International by 113.7% in the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 307 shares in the last quarter. Ransom Advisory Ltd grew its stake in shares of Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 259 shares in the last quarter. Quent Capital LLC bought a new stake in shares of Edison International in the 3rd quarter worth $40,000. Finally, Ameriflex Group Inc. grew its stake in shares of Edison International by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 371 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Insider Buying and Selling

In other Edison International news, Director Peter J. Taylor sold 500 shares of the company’s 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 sale, the director directly owned 34,212 shares of the company’s stock, valued at $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Wells Fargo & Company lowered shares of Edison International from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from $56.00 to $59.00 in a research note on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. TD Cowen boosted their price target on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Edison International from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, March 18th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Edison International has a consensus rating of “Hold” and a consensus price target of $69.44.

Edison International Price Performance

NYSE EIX opened at $72.37 on Wednesday. The company has a market cap of $27.86 billion, a PE ratio of 6.26, a price-to-earnings-growth ratio of 1.17 and a beta of 0.77. Edison International has a 52 week low of $47.73 and a 52 week high of $76.21. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The firm’s 50-day simple moving average is $71.57 and its two-hundred day simple moving average is $63.00.

Edison International (NYSE:EIX) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.47 by $0.40. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same period in the prior year, the firm earned $1.05 earnings per share. 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. Research analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 annualized dividend and a yield of 4.9%. Edison International’s dividend payout ratio is 30.36%.

About Edison International

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.