Louisiana State Employees Retirement System Invests $1.43 Million in Edison International $EIX

Louisiana State Employees Retirement System acquired a new position in shares of Edison International (NYSE:EIX) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 19,600 shares of the utilities provider’s stock, valued at approximately $1,434,000.

Other institutional investors have also recently bought and sold shares of the company. 10Elms LLP acquired a new position in Edison International in the 4th quarter worth about $26,000. Transamerica Financial Advisors LLC raised its stake in shares of Edison International by 170.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 281 shares in the last quarter. Ransom Advisory Ltd lifted its holdings in shares of 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 buying an additional 259 shares during the last quarter. Ameriflex Group Inc. grew its stake in shares of 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 buying an additional 371 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. grew its stake in shares of 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 buying an additional 702 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on EIX shares. Morgan Stanley restated an “underweight” rating on shares of Edison International in a report on Wednesday, June 24th. Barclays decreased their target price on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. LADENBURG THALM/SH SH restated a “sell” rating and set a $63.00 price target on shares of Edison International in a report on Thursday, March 5th. Bank of America reduced their price objective on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Finally, Seaport Research Partners cut shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.64.

Insider Transactions at Edison International

In related news, Director Peter J. Taylor sold 500 shares of Edison International stock in a transaction 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 transaction, the director owned 34,212 shares in the company, valued at $2,576,163.60. This trade represents a 1.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Edison International Stock Up 2.9%

EIX opened at $75.63 on Friday. The business has a 50 day moving average price of $71.16 and a 200 day moving average price of $68.55. Edison International has a twelve month low of $49.14 and a twelve month high of $76.21. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The firm has a market cap of $29.10 billion, a P/E ratio of 8.21, a price-to-earnings-growth ratio of 1.27 and a beta of 0.66.

Edison International (NYSE:EIX) last announced its quarterly 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 the consensus estimate of $4.15 billion. During the same quarter last year, the company posted $1.37 earnings per share. The company’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. Research analysts forecast that Edison International will post 6.12 EPS for the current year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be paid a $0.8775 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.6%. Edison International’s dividend payout ratio (DPR) is presently 38.11%.

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.