CIBC Asset Management Inc Has $5.95 Million Stock Position in Edison International $EIX

CIBC Asset Management Inc grew its holdings in shares of Edison International (NYSE:EIX) by 60.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,178 shares of the utilities provider’s stock after buying an additional 37,175 shares during the quarter. CIBC Asset Management Inc’s holdings in Edison International were worth $5,953,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ransom Advisory Ltd grew its holdings in shares of Edison International by 74.9% during the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after buying an additional 259 shares during the last quarter. Ameriflex Group Inc. grew its holdings in shares of Edison International by 100.0% during the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock valued at $41,000 after buying an additional 371 shares during the last quarter. Quest 10 Wealth Builders Inc. grew its holdings in shares of Edison International by 866.7% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after buying an additional 702 shares during the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Edison International during the second quarter valued at about $59,000. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Edison International by 90.0% during the third quarter. SBI Securities Co. Ltd. now owns 1,214 shares of the utilities provider’s stock valued at $67,000 after buying an additional 575 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EIX. Seaport Research Partners cut shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Barclays reduced their price objective on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Morgan Stanley reduced their price objective on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating for the company in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $62.00 price target on shares of Edison International in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.64.

Edison International Stock Performance

Shares of EIX stock opened at $73.46 on Friday. The firm has a market cap of $28.27 billion, a price-to-earnings ratio of 7.98, a P/E/G ratio of 1.27 and a beta of 0.67. 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 has a 52 week low of $47.73 and a 52 week high of $76.21. The firm’s 50-day simple moving average is $70.99 and its two-hundred day simple moving average is $66.49.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.32 by $0.10. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities analysts forecast that Edison International will post 6.12 earnings per share 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 dated 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

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.