Edison International $EIX Stock Position Lifted by Wealthfront Advisers LLC

Wealthfront Advisers LLC lifted its holdings in Edison International (NYSE:EIX) by 25.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,261 shares of the utilities provider’s stock after purchasing an additional 10,967 shares during the quarter. Wealthfront Advisers LLC’s holdings in Edison International were worth $3,257,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of EIX. SG Americas Securities LLC grew its stake in shares of Edison International by 2,970.8% in the fourth quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock worth $77,863,000 after purchasing an additional 1,255,034 shares in the last quarter. Man Group plc grew its stake in shares of Edison International by 109.6% in the second quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock worth $119,409,000 after purchasing an additional 1,209,964 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of Edison International by 71.3% in the third quarter. Allianz Asset Management GmbH now owns 2,425,926 shares of the utilities provider’s stock worth $134,105,000 after purchasing an additional 1,009,508 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Edison International by 8.0% in the third quarter. AQR Capital Management LLC now owns 10,763,984 shares of the utilities provider’s stock worth $595,033,000 after purchasing an additional 801,082 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Edison International by 59.0% during the third quarter. Victory Capital Management Inc. now owns 2,062,035 shares of the utilities provider’s stock valued at $113,989,000 after buying an additional 765,562 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Trading Up 0.6%

NYSE:EIX opened at $69.91 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. Edison International has a 1-year low of $47.73 and a 1-year high of $76.21. The firm has a market capitalization of $26.90 billion, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 1.20 and a beta of 0.69. The stock has a fifty day simple moving average of $72.04 and a 200 day simple moving average of $64.16.

Edison International (NYSE:EIX) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share 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 analyst estimates of $4.15 billion. During the same quarter last year, the company posted $1.37 EPS. Edison International’s revenue for the quarter was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Sell-side analysts forecast that Edison International will post 6.12 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 7th were given a $0.8775 dividend. The ex-dividend date was Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.0%. Edison International’s dividend payout ratio (DPR) is 38.11%.

Insider Buying and Selling at Edison International

In related news, Director Peter J. Taylor sold 500 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of $75.30, for a total value of $37,650.00. Following the completion of the transaction, the director owned 34,212 shares in the company, valued at $2,576,163.60. This trade represents a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EIX shares. Jefferies Financial Group lowered their target price on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Morgan Stanley lowered their target price on Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a report on Tuesday, April 21st. Bank of America lowered their target price on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. TD Cowen lifted their target price on 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. lifted their target price on Edison International from $74.00 to $75.00 and gave the stock a “neutral” rating in a report on Friday. Five 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $72.82.

Edison International Profile

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.