Waddell & Associates LLC Increases Stock Holdings in Edison International $EIX

Waddell & Associates LLC boosted its position in shares of Edison International (NYSE:EIX) by 126.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,476 shares of the utilities provider’s stock after purchasing an additional 10,857 shares during the period. Waddell & Associates LLC’s holdings in Edison International were worth $1,169,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ransom Advisory Ltd boosted its holdings in Edison International by 74.9% during the 4th 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. Ameriflex Group Inc. raised its position in Edison International by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 371 shares in the last quarter. Quest 10 Wealth Builders Inc. raised its position in Edison International by 866.7% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 702 shares in the last quarter. MUFG Securities EMEA plc acquired a new stake in Edison International in the 2nd quarter valued at about $59,000. Finally, Addison Advisors LLC raised its position in shares of Edison International by 23.3% during the 4th quarter. Addison Advisors LLC now owns 1,192 shares of the utilities provider’s stock worth $72,000 after acquiring an additional 225 shares in the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Edison International Trading Down 3.4%

Shares of EIX stock opened at $70.85 on Tuesday. The business’s 50 day moving average is $70.99 and its two-hundred day moving average is $66.63. Edison International has a twelve month low of $47.73 and a twelve month high of $76.21. The company has a market capitalization of $27.26 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. 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 (NYSE:EIX) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period last year, the business posted $1.37 EPS. The company’s revenue was up 7.7% on a year-over-year basis. 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 year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EIX. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. LADENBURG THALM/SH SH restated a “sell” rating and issued a $63.00 target price on shares of Edison International in a report on Thursday, March 5th. Wells Fargo & Company restated an “underweight” rating and issued a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, Morgan Stanley lowered their target price on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating for the company in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edison International has an average rating of “Hold” and an average price target of $72.64.

Insider Buying and Selling at Edison International

In other Edison International news, Director Peter J. Taylor sold 500 shares of Edison International stock in a transaction that occurred 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 transaction, the director directly owned 34,212 shares in the company, valued at approximately $2,576,163.60. This trade represents a 1.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

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.