Handelsbanken Fonder AB Sells 41,431 Shares of Edison International $EIX

Handelsbanken Fonder AB lessened its position in Edison International (NYSE:EIX) by 12.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 279,782 shares of the utilities provider’s stock after selling 41,431 shares during the quarter. Handelsbanken Fonder AB’s holdings in Edison International were worth $16,793,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Activest Wealth Management increased its stake in Edison International by 677.8% in the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 488 shares during the last quarter. CVA Family Office LLC increased its stake in Edison International by 113.7% in the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 307 shares during the last quarter. Ransom Advisory Ltd increased its stake 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 acquiring an additional 259 shares during the last quarter. Ameriflex Group Inc. increased its stake in Edison International by 100.0% in the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 371 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. increased its stake in Edison International by 866.7% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 702 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

NYSE EIX opened at $69.80 on Thursday. The company has a 50-day simple moving average of $71.10 and a two-hundred day simple moving average of $65.37. 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 12-month low of $47.73 and a 12-month high of $76.21. The firm has a market cap of $26.86 billion, a price-to-earnings ratio of 7.58, a PEG ratio of 1.22 and a beta of 0.68.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities analysts forecast that Edison International will post 6.12 EPS for the current year.

Insider Transactions at Edison International

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 completion of the sale, the director directly owned 34,212 shares in the company, valued at $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EIX shares. UBS Group cut Edison International from a “buy” rating to a “neutral” rating and increased their target price for the company from $70.00 to $78.00 in a research note on Friday, February 13th. Mizuho set a $79.00 target price on Edison International in a research note on Thursday, February 19th. Morgan Stanley reduced their target price on Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 21st. Wells Fargo & Company reissued an “underweight” rating and issued a $62.00 target price on shares of Edison International in a research note on Tuesday, April 21st. Finally, Bank of America reduced their target price on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.64.

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.