Pinebridge Investments LLC Takes $46.55 Million Position in Edison International $EIX

Pinebridge Investments LLC acquired a new stake in shares of Edison International (NYSE:EIX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 775,534 shares of the utilities provider’s stock, valued at approximately $46,548,000.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in shares of Edison International by 112.9% during the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after buying an additional 5,190 shares in the last quarter. Empowered Funds LLC grew its position in shares of Edison International by 2.4% during the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after buying an additional 211 shares in the last quarter. Woodline Partners LP grew its position in shares of Edison International by 40.7% during the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after buying an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Edison International by 153.6% during the second quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock worth $451,000 after buying an additional 5,290 shares in the last quarter. Finally, Baird Financial Group Inc. acquired a new stake in shares of Edison International during the second quarter worth approximately $302,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

Shares of NYSE:EIX opened at $73.46 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $76.21. The firm has a 50-day simple moving average of $70.99 and a 200 day simple moving average of $66.49. The company has a market cap of $28.27 billion, a PE ratio of 7.98, a P/E/G ratio of 1.24 and a beta of 0.67.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, sell-side analysts anticipate that Edison International will post 6.12 EPS for the current year.

Insider Buying and Selling

In other Edison International news, Director Peter J. Taylor sold 500 shares of Edison International 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 transaction, the director directly owned 34,212 shares in the company, valued at $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Mizuho set a $79.00 price target on shares of Edison International in a research report on Thursday, February 19th. TD Cowen raised their price target on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. raised their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. LADENBURG THALM/SH SH reissued a “sell” rating and set a $63.00 price target on shares of Edison International in a research report on Thursday, March 5th. Finally, UBS Group downgraded shares of Edison International from a “buy” rating to a “neutral” rating and raised their price target for the stock from $70.00 to $78.00 in a research report on Friday, February 13th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $72.64.

About Edison International

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.