27,294 Shares in Edison International $EIX Bought by Ninety One SA Pty Ltd

Ninety One SA Pty Ltd acquired a new position in shares of Edison International (NYSE:EIX) during the 3rd quarter, Holdings Channel reports. The fund acquired 27,294 shares of the utilities provider’s stock, valued at approximately $1,468,000.

Other institutional investors have also recently bought and sold shares of the company. Strategy Asset Managers LLC raised its stake in Edison International by 140.1% during the 3rd quarter. Strategy Asset Managers LLC now owns 10,293 shares of the utilities provider’s stock worth $553,000 after buying an additional 6,006 shares during the period. Triumph Capital Management grew its stake in Edison International by 3.9% in the third quarter. Triumph Capital Management now owns 12,347 shares of the utilities provider’s stock valued at $663,000 after acquiring an additional 462 shares during the period. Firethorn Wealth Partners LLC increased its holdings in shares of Edison International by 26.0% in the third quarter. Firethorn Wealth Partners LLC now owns 9,942 shares of the utilities provider’s stock worth $534,000 after acquiring an additional 2,049 shares in the last quarter. Signal Advisors Wealth LLC bought a new stake in shares of Edison International in the third quarter worth about $425,000. Finally, Steel Grove Capital Advisors LLC bought a new stake in shares of Edison International in the third quarter worth about $1,428,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Bank of America lowered Edison International from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $81.00 to $51.00 in a research report on Tuesday, September 1st. The Goldman Sachs Group set a $67.00 price objective on Edison International in a research report on Thursday. Jefferies Financial Group reiterated an “underperform” rating and issued a $42.00 price objective (down from $53.00) on shares of Edison International in a research report on Friday, October 2nd. Weiss Ratings cut Edison International from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Finally, Morgan Stanley lowered their target price on Edison International from $65.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, September 18th. One research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $60.75.

Insider Activity

In related news, Director Peter Taylor sold 500 shares of the stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $55.56, for a total transaction of $27,780.00. Following the completion of the transaction, the director directly owned 33,212 shares in the company, valued at approximately $1,845,258.72. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Edison International Stock Up 0.2%

EIX traded up $0.12 during trading on Thursday, hitting $55.56. The company had a trading volume of 1,419,226 shares, compared to its average volume of 3,678,675. The company has a market capitalization of $21.38 billion, a PE ratio of 5.72, a PEG ratio of 2.23 and a beta of 0.62. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. Edison International has a one year low of $51.10 and a one year high of $81.62. The firm’s 50-day moving average price is $60.67 and its 200 day moving average price is $68.51.

Edison International (NYSE:EIX) last released its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%. The company’s revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities analysts expect that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Wednesday, October 7th will be issued a dividend of $0.8775 per share. The ex-dividend date is Wednesday, October 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 6.3%. Edison International’s dividend payout ratio (DPR) is presently 36.19%.

About Edison International

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.