Fieldview Capital Management LLC Takes $1.01 Million Position in Edison International $EIX

Fieldview Capital Management LLC acquired a new stake in shares of Edison International (NYSE:EIX) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 16,884 shares of the utilities provider’s stock, valued at approximately $1,013,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EIX. Jones Financial Companies Lllp increased its stake in shares of Edison International by 112.9% during the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after acquiring an additional 5,190 shares during the last quarter. Empowered Funds LLC increased its stake in shares of Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after acquiring an additional 211 shares during the last quarter. Woodline Partners LP increased its stake in shares of Edison International by 40.7% during the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after acquiring an additional 9,459 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of Edison International by 153.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after acquiring an additional 5,290 shares during the last quarter. Finally, Baird Financial Group Inc. acquired a new position in shares of Edison International during the 2nd quarter valued at about $302,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Down 0.2%

Shares of NYSE:EIX opened at $72.83 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. Edison International has a 52-week low of $47.73 and a 52-week high of $76.21. The company has a 50 day moving average of $70.97 and a two-hundred day moving average of $67.02. The company has a market capitalization of $28.02 billion, a price-to-earnings ratio of 7.91, a price-to-earnings-growth ratio of 1.26 and a beta of 0.67.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the company earned $1.37 earnings per share. Edison International’s revenue for the quarter was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts forecast that Edison International will post 6.12 earnings per share for the current fiscal year.

Insider Transactions at Edison International

In other Edison International news, Director Peter J. Taylor sold 500 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $75.30, for a total value of $37,650.00. Following the completion of the sale, the director owned 34,212 shares of the company’s stock, valued at $2,576,163.60. This trade represents a 1.44% decrease in their ownership of the stock. The sale 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 owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. TD Cowen increased their target price on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Bank of America dropped their target price on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Truist Financial dropped their target price on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Wells Fargo & Company reissued an “underweight” rating and set a $62.00 target price on shares of Edison International in a research report on Tuesday, April 21st. Finally, Morgan Stanley dropped 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. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $72.64.

About Edison International

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.