Edison International $EIX Stock Position Lifted by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in Edison International (NYSE:EIX) by 56.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 746,817 shares of the utilities provider’s stock after purchasing an additional 270,851 shares during the quarter. Cerity Partners LLC’s holdings in Edison International were worth $44,824,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ransom Advisory Ltd grew its stake in shares of Edison International by 74.9% in the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. Ameriflex Group Inc. grew its stake in shares of Edison International by 100.0% in the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 371 shares in the last quarter. Quest 10 Wealth Builders Inc. grew its stake in shares of Edison International by 866.7% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 702 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Edison International in the second quarter worth $59,000. Finally, Addison Advisors LLC grew its stake in shares of Edison International by 23.3% in the fourth quarter. Addison Advisors LLC now owns 1,192 shares of the utilities provider’s stock worth $72,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 15th. LADENBURG THALM/SH SH reaffirmed a “sell” rating and set a $63.00 price target on shares of Edison International in a research note on Thursday, March 5th. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Barclays decreased their price target on Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Finally, TD Cowen increased their price target on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Edison International has a consensus rating of “Hold” and an average target price of $72.64.

Insider Activity

In other news, Director Peter J. Taylor sold 500 shares of the 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 completion of the sale, the director owned 34,212 shares in the company, valued at $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 available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by insiders.

Edison International Price Performance

EIX opened at $71.54 on Thursday. The stock has a fifty day moving average of $71.01 and a 200-day moving average of $66.83. The firm has a market capitalization of $27.53 billion, a P/E ratio of 7.77, a PEG ratio of 1.23 and a beta of 0.67. Edison International has a 12-month low of $47.73 and a 12-month high of $76.21. 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 (NYSE:EIX) last released its 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 company had revenue of $4.10 billion during 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%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. 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. Equities analysts forecast that Edison International will post 6.12 EPS for the current fiscal 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.