NorthCrest Asset Manangement LLC Buys 15,769 Shares of Edison International $EIX

NorthCrest Asset Manangement LLC grew its position in Edison International (NYSE:EIX) by 83.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,698 shares of the utilities provider’s stock after purchasing an additional 15,769 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Edison International were worth $2,103,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Old Port Advisors grew its stake in Edison International by 6.3% in the 4th quarter. Old Port Advisors now owns 31,629 shares of the utilities provider’s stock valued at $1,898,000 after buying an additional 1,869 shares during the last quarter. Nordea Investment Management AB lifted its position in Edison International by 5.6% during the 4th quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider’s stock worth $108,204,000 after acquiring an additional 94,727 shares during the last quarter. CWA Asset Management Group LLC lifted its position in Edison International by 19.1% during the 4th quarter. CWA Asset Management Group LLC now owns 18,551 shares of the utilities provider’s stock worth $1,113,000 after acquiring an additional 2,971 shares during the last quarter. Riversedge Advisors LLC bought a new stake in Edison International during the fourth quarter valued at about $393,000. Finally, Ransom Advisory Ltd boosted its holdings in 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 acquiring an additional 259 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Wells Fargo & Company lowered Edison International from an “equal weight” rating to an “underweight” rating and lifted their price objective for the stock from $56.00 to $59.00 in a research note on Tuesday, January 20th. Zacks Research downgraded Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research report on Friday, February 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.44.

Edison International Stock Performance

NYSE:EIX opened at $70.63 on Tuesday. The firm’s 50-day moving average is $67.93 and its 200-day moving average is $61.00. The company has a market cap of $27.19 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 1.13 and a beta of 0.79. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. Edison International has a 52-week low of $47.73 and a 52-week high of $75.50.

Edison International (NYSE:EIX) last released its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter last year, the company earned $1.05 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. Equities research analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be given a $0.8775 dividend. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.0%. Edison International’s dividend payout ratio (DPR) is currently 30.36%.

Edison International 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.