SBI Okasan Asset Management Co.Ltd. Makes New Investment in Edison International $EIX

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

Several other large investors have also added to or reduced their stakes in the stock. LVW Advisors LLC boosted its stake in Edison International by 4.6% in the 4th quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 186 shares during the period. Huntington National Bank boosted its position in shares of Edison International by 6.2% during the 4th quarter. Huntington National Bank now owns 3,351 shares of the utilities provider’s stock valued at $201,000 after acquiring an additional 196 shares during the last quarter. Diligent Investors LLC boosted its position in shares of 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 during the last quarter. Empowered Funds LLC boosted its position in shares of 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 during the last quarter. Finally, Addison Advisors LLC boosted its position in shares of Edison International by 23.3% during the 4th quarter. Addison Advisors LLC now owns 1,192 shares of the utilities provider’s stock valued at $72,000 after acquiring an additional 225 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

NYSE:EIX opened at $69.98 on Friday. The business has a 50 day moving average of $70.95 and a 200 day moving average of $66.03. The company has a market capitalization of $26.93 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 1.22 and a beta of 0.68. Edison International has a 1-year low of $47.73 and a 1-year high of $76.21. 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 (NYSE:EIX) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.Edison International’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, sell-side analysts predict that Edison International will post 6.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 34,212 shares in the company, valued at $2,576,163.60. The trade was a 1.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wells Fargo & Company reiterated an “underweight” rating and set a $62.00 price target on shares of Edison International in a research report on Tuesday, April 21st. Mizuho set a $79.00 price target on Edison International in a research report on Thursday, February 19th. JPMorgan Chase & Co. lifted their price target on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Bank of America dropped their price target on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Finally, Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $72.64.

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.