Ieq Capital LLC Acquires 549,109 Shares of Edison International $EIX

Ieq Capital LLC lifted its holdings in shares of Edison International (NYSE:EIX) by 90.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,157,367 shares of the utilities provider’s stock after acquiring an additional 549,109 shares during the period. Ieq Capital LLC’s holdings in Edison International were worth $69,465,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ransom Advisory Ltd increased its position 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 worth $36,000 after acquiring an additional 259 shares in the last quarter. Ameriflex Group Inc. increased its position 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 worth $41,000 after acquiring an additional 371 shares in the last quarter. Quest 10 Wealth Builders Inc. increased its position 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 worth $47,000 after acquiring an additional 702 shares in the last quarter. McMillan Office Inc. bought a new stake in shares of Edison International during the fourth quarter worth about $55,000. Finally, Zions Bancorporation National Association UT increased its position in shares of Edison International by 1,000.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 935 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 850 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on EIX. Morgan Stanley decreased their target price on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating for the company in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. UBS Group downgraded shares of Edison International from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $70.00 to $78.00 in a research report on Friday, February 13th. LADENBURG THALM/SH SH reissued a “sell” rating and set a $63.00 target price on shares of Edison International in a research report on Thursday, March 5th. Finally, Mizuho set a $79.00 price objective on shares of Edison International in a research report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $72.64.

Edison International Stock Up 0.7%

EIX opened at $72.83 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. The stock has a market cap of $28.02 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 1.25 and a beta of 0.67. Edison International has a twelve month low of $47.73 and a twelve month high of $76.21. The company’s 50-day moving average price is $70.97 and its two-hundred day moving average price is $66.96.

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, beating analysts’ consensus estimates of $1.32 by $0.10. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities analysts expect that Edison International will post 6.12 earnings per share for the current year.

Insiders Place Their Bets

In other Edison International news, Director Peter J. Taylor sold 500 shares of the business’s 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 currently owned by insiders.

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.