Edison International $EIX Stock Position Reduced by Brookstone Capital Management

Brookstone Capital Management lessened its stake in Edison International (NYSE:EIX) by 9.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 187,521 shares of the utilities provider’s stock after selling 19,578 shares during the quarter. Brookstone Capital Management’s holdings in Edison International were worth $13,723,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EIX. 10Elms LLP purchased a new position in shares of Edison International during the 4th quarter valued at $26,000. Transamerica Financial Advisors LLC increased its stake in shares of Edison International by 170.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 281 shares during the last quarter. Ransom Advisory Ltd raised its holdings in shares of Edison International by 74.9% during the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 259 shares in the last quarter. Ameriflex Group Inc. raised its holdings in shares of Edison International by 100.0% during the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 371 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted its position in Edison International by 866.7% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Insider Activity

In other 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 completion of the sale, 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 transaction was disclosed in a legal filing 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 Stock Up 0.2%

EIX stock opened at $72.07 on Tuesday. The firm has a market cap of $27.73 billion, a PE ratio of 7.82, a PEG ratio of 1.25 and a beta of 0.67. Edison International has a 1 year low of $49.14 and a 1 year high of $76.21. The company has a fifty day simple moving average of $70.72 and a 200 day simple moving average of $67.58. 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 posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping 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 firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The business’s quarterly 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. Sell-side analysts anticipate that Edison International will post 6.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 15th. Bank of America cut their price target on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Truist Financial reduced their price target on Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a report on Monday, May 18th. JPMorgan Chase & Co. boosted their price target on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Finally, Barclays dropped their price objective on Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $72.64.

Edison International Company 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.