Pursuit Wealth Management LLC Invests $559,000 in Edison International $EIX

Pursuit Wealth Management LLC purchased a new stake in shares of Edison International (NYSE:EIX) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,316 shares of the utilities provider’s stock, valued at approximately $559,000.

Several other hedge funds have also added to or reduced their stakes in EIX. Activest Wealth Management raised its holdings in Edison International by 677.8% during the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 488 shares during the last quarter. CVA Family Office LLC raised its stake in shares of Edison International by 113.7% during the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after buying an additional 307 shares during the last quarter. Ransom Advisory Ltd lifted its holdings in Edison International by 74.9% in the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after buying an additional 259 shares during the period. Quent Capital LLC acquired a new position in shares of Edison International during the 3rd quarter worth about $40,000. Finally, Ameriflex Group Inc. increased its position 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 valued at $41,000 after buying an additional 371 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Insiders Place Their Bets

In other Edison International news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction on 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 approximately $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EIX. Wells Fargo & Company cut Edison International from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $56.00 to $59.00 in a research note on Tuesday, January 20th. Jefferies Financial Group dropped their price objective on shares of Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Mizuho set a $79.00 price objective on Edison International in a report on Thursday, February 19th. Finally, Barclays boosted their target price on Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Edison International has a consensus rating of “Hold” and a consensus price target of $69.44.

Edison International Trading Down 1.4%

Edison International stock opened at $71.37 on Thursday. The company has a market cap of $27.47 billion, a price-to-earnings ratio of 6.17, a P/E/G ratio of 1.17 and a beta of 0.77. The firm has a 50-day moving average of $71.73 and a 200-day moving average of $63.06. 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 one year low of $47.73 and a one year high of $76.21.

Edison International (NYSE:EIX) last released 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 return on equity of 14.87% and a net margin of 24.34%.The business had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.29 billion. During the same quarter in the prior year, the company posted $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. On average, equities analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be paid a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. Edison International’s dividend payout ratio (DPR) is currently 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.