Edison International $EIX Shares Purchased by National Pension Service

National Pension Service increased its holdings in shares of Edison International (NYSE:EIX) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 704,862 shares of the utilities provider’s stock after acquiring an additional 66,545 shares during the quarter. National Pension Service’s holdings in Edison International were worth $42,306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of EIX. Ransom Advisory Ltd boosted its holdings in Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 259 shares during the last quarter. Ameriflex Group Inc. boosted its holdings in Edison International by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 371 shares during the last quarter. Quest 10 Wealth Builders Inc. boosted its holdings in Edison International by 866.7% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 702 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in Edison International in the 2nd quarter valued at about $59,000. Finally, SBI Securities Co. Ltd. boosted its holdings in Edison International by 90.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,214 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 575 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EIX has been the topic of several recent analyst reports. Mizuho set a $79.00 target price on shares of Edison International in a report on Thursday, February 19th. Barclays decreased their target price on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Wells Fargo & Company reiterated an “underweight” rating and issued a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. Truist Financial decreased their target price on shares of Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Finally, Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $72.64.

Insider Activity

In other news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were 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. The trade was a 1.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Price Performance

Edison International stock opened at $69.98 on Monday. The company’s 50 day simple moving average is $70.95 and its 200-day simple moving average is $66.09. The company has a market capitalization of $26.93 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 1.21 and a beta of 0.67. 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 quick ratio of 0.68 and a current ratio of 0.74.

Edison International (NYSE:EIX) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts expect that Edison International will post 6.12 earnings per share for the current 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.