Wealth Enhancement Advisory Services LLC Increases Stock Holdings in Edison International $EIX

Wealth Enhancement Advisory Services LLC raised its position in Edison International (NYSE:EIX) by 76.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,205 shares of the utilities provider’s stock after acquiring an additional 129,944 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.08% of Edison International worth $18,101,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Edison International by 169.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock valued at $6,901,000 after buying an additional 78,531 shares during the period. Versor Investments LP increased its position in shares of Edison International by 55.0% during the third quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock worth $2,865,000 after acquiring an additional 18,381 shares during the period. Nordea Investment Management AB raised its stake in shares of Edison International by 1.7% in the third quarter. Nordea Investment Management AB now owns 1,695,550 shares of the utilities provider’s stock valued at $92,984,000 after acquiring an additional 28,586 shares in the last quarter. Convergence Investment Partners LLC raised its stake in shares of Edison International by 67.6% in the third quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock valued at $1,494,000 after acquiring an additional 10,901 shares in the last quarter. Finally, Krilogy Financial LLC boosted its holdings in Edison International by 141.8% in the third quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock valued at $1,705,000 after purchasing an additional 17,616 shares during the period. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Stock Down 0.1%

Edison International stock opened at $71.22 on Thursday. The stock has a market cap of $27.41 billion, a PE ratio of 6.16, a P/E/G ratio of 1.15 and a beta of 0.79. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68. The stock’s fifty day moving average is $68.33 and its two-hundred day moving average is $61.19. Edison International has a 1-year low of $47.73 and a 1-year high of $75.50.

Edison International (NYSE:EIX) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the prior year, the firm posted $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. On average, sell-side analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be paid a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 4.9%. The ex-dividend date is Tuesday, April 7th. Edison International’s dividend payout ratio is currently 30.36%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on EIX shares. Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Jefferies Financial Group decreased their price objective on Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Barclays upped their target price on shares of Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Wells Fargo & Company cut shares of Edison International from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $56.00 to $59.00 in a report on Tuesday, January 20th. Finally, TD Cowen lifted their price target on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Three 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. Based on data from MarketBeat.com, Edison International currently has a consensus rating of “Hold” and an average price target of $69.44.

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.