ProShare Advisors LLC Grows Stock Position in Edison International $EIX

ProShare Advisors LLC lifted its stake in shares of Edison International (NYSE:EIX) by 6.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 134,519 shares of the utilities provider’s stock after buying an additional 8,567 shares during the quarter. ProShare Advisors LLC’s holdings in Edison International were worth $8,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. HighTower Advisors LLC raised its stake in shares of Edison International by 19.8% during the fourth quarter. HighTower Advisors LLC now owns 46,011 shares of the utilities provider’s stock worth $2,762,000 after purchasing an additional 7,601 shares during the last quarter. Intrua Financial LLC raised its stake in shares of Edison International by 4.9% during the fourth quarter. Intrua Financial LLC now owns 8,968 shares of the utilities provider’s stock worth $538,000 after purchasing an additional 419 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of Edison International by 5.4% during the fourth quarter. TD Private Client Wealth LLC now owns 9,017 shares of the utilities provider’s stock worth $541,000 after purchasing an additional 459 shares during the last quarter. Mission Wealth Management LP raised its stake in shares of Edison International by 35.6% during the fourth quarter. Mission Wealth Management LP now owns 8,506 shares of the utilities provider’s stock worth $511,000 after purchasing an additional 2,235 shares during the last quarter. Finally, Dougherty & Associates LLC purchased a new stake in shares of Edison International during the fourth quarter worth approximately $342,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 0.9%

Edison International stock opened at $70.39 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The firm has a market capitalization of $27.08 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 1.21 and a beta of 0.68. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $76.21. The stock’s fifty day moving average is $71.09 and its two-hundred day moving average is $65.47.

Edison International (NYSE:EIX) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.10. The company had revenue of $4.10 billion for 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%.Edison International’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts predict that Edison International will post 6.12 EPS for the current fiscal year.

Analyst Ratings Changes

EIX has been the subject of several analyst reports. Wall Street Zen cut Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Jefferies Financial Group dropped their price objective on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Morgan Stanley dropped their price objective on Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a report on Tuesday, April 21st. Barclays dropped their price objective on Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Bank of America dropped their price objective on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $72.64.

Insiders Place Their Bets

In other Edison International news, Director Peter J. Taylor sold 500 shares of the company’s 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 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

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.