Los Angeles Capital Management LLC Increases Stock Position in Edison International $EIX

Los Angeles Capital Management LLC lifted its holdings in Edison International (NYSE:EIX) by 0.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,022,390 shares of the utilities provider’s stock after acquiring an additional 26,989 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Edison International were worth $168,166,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Havemeyer Place LP purchased a new stake in shares of Edison International in the 4th quarter worth approximately $167,000. Pinebridge Investments LLC bought a new position in shares of Edison International during the 4th quarter worth approximately $46,548,000. PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in shares of Edison International during the 4th quarter worth approximately $3,839,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Edison International by 26.7% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 132,835 shares of the utilities provider’s stock worth $7,973,000 after acquiring an additional 28,000 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Edison International by 11.7% during the 4th quarter. Parallel Advisors LLC now owns 9,927 shares of the utilities provider’s stock worth $596,000 after acquiring an additional 1,037 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Trading Up 2.3%

Shares of Edison International stock opened at $73.46 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. Edison International has a 12-month low of $47.73 and a 12-month high of $76.21. The firm has a market capitalization of $28.27 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.27 and a beta of 0.67. 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 issued its quarterly 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. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the business posted $1.37 EPS. Edison International’s revenue for the quarter was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts predict that Edison International will post 6.12 EPS for the current year.

Insider Transactions at Edison International

In other Edison International news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $75.30, for a total transaction of $37,650.00. Following the transaction, the director owned 34,212 shares in the company, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on EIX shares. UBS Group lowered shares of Edison International from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $70.00 to $78.00 in a research note on Friday, February 13th. 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 research note on Tuesday, April 21st. TD Cowen boosted their price objective on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. JPMorgan Chase & Co. boosted their price objective on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $62.00 price objective on shares of Edison International in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $72.64.

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.