Healthcare of Ontario Pension Plan Trust Fund Has $24.66 Million Position in Edison International $EIX

Healthcare of Ontario Pension Plan Trust Fund cut its stake in shares of Edison International (NYSE:EIX) by 16.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 410,860 shares of the utilities provider’s stock after selling 78,823 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Edison International were worth $24,660,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UMB Bank n.a. lifted its holdings in Edison International by 5.3% during the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock worth $190,000 after buying an additional 159 shares during the period. LVW Advisors LLC lifted its holdings in Edison International by 4.6% during the 4th quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock worth $254,000 after buying an additional 186 shares during the period. Huntington National Bank lifted its holdings in Edison International by 6.2% during the 4th quarter. Huntington National Bank now owns 3,351 shares of the utilities provider’s stock worth $201,000 after buying an additional 196 shares during the period. Diligent Investors LLC lifted its holdings in Edison International by 1.5% during the 3rd quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock worth $768,000 after buying an additional 201 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after buying an additional 211 shares during the period. 88.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Edison International

In related news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the sale, the director owned 34,212 shares in the company, valued at $2,576,163.60. This represents a 1.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by insiders.

Edison International Stock Down 1.2%

Shares of Edison International stock opened at $72.09 on Tuesday. Edison International has a one year low of $47.73 and a one year high of $76.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. The stock’s 50-day moving average is $70.95 and its 200 day moving average is $67.11. The firm has a market cap of $27.74 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 1.26 and a beta of 0.67.

Edison International (NYSE:EIX) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS 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 analyst estimates of $4.15 billion. During the same quarter in the prior year, the company earned $1.37 EPS. The firm’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. Equities research analysts anticipate that Edison International will post 6.12 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on EIX shares. Truist Financial cut their target price on Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Morgan Stanley cut their target price on Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a report on Tuesday, April 21st. Wells Fargo & Company reaffirmed an “underweight” rating and set a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. LADENBURG THALM/SH SH reaffirmed a “sell” rating and set a $63.00 target price on shares of Edison International in a report on Thursday, March 5th. Finally, Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.