Edison International $EIX Shares Newly Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC acquired a new stake in shares of Edison International (NYSE:EIX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,267 shares of the utilities provider’s stock, valued at approximately $713,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Edison International in the second quarter valued at approximately $3,340,412,000. Legal & General Group Plc purchased a new stake in shares of Edison International during the 2nd quarter valued at approximately $329,766,000. Bank of New York Mellon Corp purchased a new stake in shares of Edison International during the 2nd quarter valued at approximately $309,361,000. Amundi boosted its holdings in Edison International by 27.0% in the 2nd quarter. Amundi now owns 3,570,726 shares of the utilities provider’s stock worth $265,843,000 after buying an additional 759,236 shares during the period. Finally, Hsbc Holdings PLC bought a new position in Edison International in the 2nd quarter worth approximately $261,275,000. Institutional investors own 88.95% of the company’s stock.

Insider Buying and Selling at Edison International

In other news, Director Peter Taylor sold 500 shares of Edison International stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $55.56, for a total transaction of $27,780.00. Following the completion of the sale, the director owned 33,212 shares in the company, valued at approximately $1,845,258.72. This trade represents a 1.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 Analysts Forecast Growth

A number of equities research analysts have issued reports on EIX shares. Truist Financial lowered their target price on shares of Edison International from $63.00 to $62.00 and set a “hold” rating on the stock in a report on Monday, October 12th. Jefferies Financial Group reissued an “underperform” rating and set a $42.00 price objective (down from $53.00) on shares of Edison International in a report on Friday, October 2nd. UBS Group reissued a “neutral” rating and set a $57.00 price objective on shares of Edison International in a report on Thursday, September 24th. Morgan Stanley raised their target price on Edison International from $60.00 to $62.00 and gave the stock an “underweight” rating in a research note on Wednesday. Finally, Bank of America lowered Edison International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $81.00 to $51.00 in a report on Tuesday, September 1st. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Edison International presently has an average rating of “Reduce” and a consensus target price of $60.58.

Edison International Trading Down 1.0%

Edison International stock opened at $57.34 on Friday. The stock has a market cap of $22.07 billion, a P/E ratio of 8.08, a PEG ratio of 2.45 and a beta of 0.62. Edison International has a fifty-two week low of $51.10 and a fifty-two week high of $81.62. The firm’s fifty day moving average price is $58.90 and its 200-day moving average price is $67.75. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%. The firm’s revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts forecast that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Wednesday, October 7th will be issued a $0.8775 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $3.51 annualized dividend and a dividend yield of 6.1%. Edison International’s dividend payout ratio (DPR) is presently 36.19%.

Edison International Company Profile

Edison International (NYSE: EIX) is an electric power holding company based in California. Its principal subsidiary, Southern California Edison (SCE), is one of the largest electric utilities in the United States and delivers electricity across central, coastal and Southern California. SCE serves millions of residential, commercial and industrial customers through an extensive transmission and distribution network.

Edison International’s operations are focused on the generation, transmission and distribution of electricity, as well as supporting the transition to cleaner energy.