161,766 Shares in Edison International $EIX Purchased by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. purchased a new position in Edison International (NYSE:EIX) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 161,766 shares of the utilities provider’s stock, valued at approximately $9,709,000.

A number of other institutional investors have also recently bought and sold shares of the stock. LVW Advisors LLC grew its stake in Edison International by 4.6% during the 4th quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 186 shares in the last quarter. Diligent Investors LLC grew its stake in Edison International by 1.5% during the 3rd quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock valued at $768,000 after acquiring an additional 201 shares in the last quarter. Empowered Funds LLC grew its stake in Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after acquiring an additional 211 shares in the last quarter. Michels Family Financial LLC grew its stake in Edison International by 1.5% during the 3rd quarter. Michels Family Financial LLC now owns 15,217 shares of the utilities provider’s stock valued at $841,000 after acquiring an additional 231 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators grew its stake in Edison International by 30.7% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,014 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 238 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Ratings Changes

EIX has been the topic of several research analyst reports. UBS Group cut Edison International from a “buy” rating to a “neutral” rating and lifted 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. LADENBURG THALM/SH SH reaffirmed a “sell” rating and set a $63.00 target price on shares of Edison International in a research note on Thursday, March 5th. 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 research note on Monday, April 20th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $62.00 target price on shares of Edison International in a research note on Tuesday, April 21st. Four 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, Edison International presently has a consensus rating of “Hold” and an average target price of $72.64.

Edison International Stock Up 3.1%

Shares of Edison International stock opened at $70.55 on Wednesday. The firm has a market cap of $27.15 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 1.19 and a beta of 0.68. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. Edison International has a 52-week low of $47.73 and a 52-week high of $76.21. The stock has a 50-day simple moving average of $71.12 and a 200-day simple moving average of $65.27.

Edison International (NYSE:EIX) last announced 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. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts expect that Edison International will post 6.12 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Peter J. Taylor sold 500 shares of Edison International stock in a transaction dated Monday, April 13th. The stock was 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. The trade was a 1.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 corporate insiders.

Edison International Company 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.