SBI Okasan Asset Management Co.Ltd. Takes Position in Edison International $EIX

SBI Okasan Asset Management Co.Ltd. bought a new stake in shares of Edison International (NYSE:EIX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,200 shares of the utilities provider’s stock, valued at approximately $793,000.

Other hedge funds have also recently made changes to their positions in the company. Activest Wealth Management increased its stake in shares of Edison International by 677.8% during the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after buying an additional 488 shares during the period. Ransom Advisory Ltd increased its stake in shares of Edison International by 74.9% during 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. Ameriflex Group Inc. increased its stake in shares of Edison International by 100.0% during the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock valued at $41,000 after buying an additional 371 shares during the period. Quest 10 Wealth Builders Inc. increased its stake in shares of Edison International by 866.7% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after buying an additional 702 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of Edison International during the third quarter valued at approximately $53,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Edison International

In other 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 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 accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on EIX. UBS Group cut Edison International from a “buy” rating to a “neutral” rating and boosted their target price for the company from $70.00 to $78.00 in a research note on Friday, February 13th. JPMorgan Chase & Co. boosted their target price on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $62.00 price target on shares of Edison International in a research note on Tuesday, April 21st. Wall Street Zen cut Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Barclays reduced their price target on Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a research note 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.com, the company currently has an average rating of “Hold” and an average target price of $72.64.

Edison International Price Performance

Shares of EIX stock opened at $69.98 on Friday. The stock has a market cap of $26.93 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 1.22 and a beta of 0.68. The business’s fifty day moving average is $70.95 and its 200 day moving average is $66.03. Edison International has a twelve month low of $47.73 and a twelve month high of $76.21. 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 (NYSE:EIX) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Research analysts expect that Edison International will post 6.12 EPS for the current fiscal year.

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.