Edison International $EIX Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in shares of Edison International (NYSE:EIX) by 87.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 26,644 shares of the utilities provider’s stock after selling 193,549 shares during the period. Intech Investment Management LLC’s holdings in Edison International were worth $1,599,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ransom Advisory Ltd lifted its holdings in Edison International by 74.9% during the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after buying an additional 259 shares in the last quarter. Ameriflex Group Inc. lifted its holdings in Edison International by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock worth $41,000 after buying an additional 371 shares in the last quarter. Quest 10 Wealth Builders Inc. lifted its holdings in Edison International by 866.7% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after buying an additional 702 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Edison International during the 2nd quarter worth approximately $59,000. Finally, Addison Advisors LLC lifted its holdings in Edison International by 23.3% during the 4th quarter. Addison Advisors LLC now owns 1,192 shares of the utilities provider’s stock worth $72,000 after buying an additional 225 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Price Performance

Shares of EIX opened at $71.82 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The firm’s fifty day simple moving average is $70.95 and its 200-day simple moving average is $66.44. The firm has a market capitalization of $27.64 billion, a price-to-earnings ratio of 7.80, a PEG ratio of 1.23 and a beta of 0.67. Edison International has a twelve month low of $47.73 and a twelve month high of $76.21.

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EIX. Bank of America reduced their price objective on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Mizuho set a $79.00 price objective on shares of Edison International in a report on Thursday, February 19th. Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. TD Cowen raised their price objective on shares of Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Barclays reduced their price objective on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Four 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $72.64.

Insider Activity at Edison International

In related news, Director Peter J. Taylor sold 500 shares of the stock in a transaction on Monday, April 13th. The shares were sold at an average price of $75.30, for a total value of $37,650.00. Following the transaction, the director directly owned 34,212 shares of the company’s stock, valued at $2,576,163.60. This trade represents a 1.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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.

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.