Curated Wealth Partners LLC Sells 144,085 Shares of Edison International $EIX

Curated Wealth Partners LLC lessened its position in Edison International (NYSE:EIX) by 93.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,305 shares of the utilities provider’s stock after selling 144,085 shares during the period. Curated Wealth Partners LLC’s holdings in Edison International were worth $500,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Edison International during the 2nd quarter worth $3,340,412,000. Legal & General Group Plc purchased a new position in Edison International during the second quarter valued at approximately $329,766,000. Bank of New York Mellon Corp acquired a new stake in Edison International during the second quarter valued at $309,361,000. Amundi increased its holdings in Edison International by 27.0% in the second quarter. Amundi now owns 3,570,726 shares of the utilities provider’s stock worth $265,843,000 after buying an additional 759,236 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Edison International during the 2nd quarter valued at $261,275,000. 88.95% of the stock is currently owned by institutional investors.

Edison International Price Performance

EIX opened at $56.05 on Friday. The stock has a market cap of $21.57 billion, a P/E ratio of 7.76, a P/E/G ratio of 2.35 and a beta of 0.62. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. The company has a fifty day simple moving average of $60.19 and a 200 day simple moving average of $68.32. Edison International has a 12 month low of $51.10 and a 12 month high of $81.62.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the business posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts expect that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Wednesday, October 7th will be paid a $0.8775 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $3.51 dividend on an annualized basis and a yield of 6.3%. Edison International’s dividend payout ratio (DPR) is currently 36.19%.

Insiders Place Their Bets

In other news, Director Peter Taylor sold 500 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $55.56, for a total value of $27,780.00. Following the completion of the sale, the director directly owned 33,212 shares of the company’s stock, valued at $1,845,258.72. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on EIX shares. UBS Group reiterated a “neutral” rating and set a $57.00 price target on shares of Edison International in a report on Thursday, September 24th. Morgan Stanley decreased their price objective on Edison International from $65.00 to $60.00 and set an “underweight” rating on the stock in a report on Friday, September 18th. JPMorgan Chase & Co. lowered their target price on shares of Edison International from $61.00 to $59.00 and set a “neutral” rating on the stock in a research note on Monday, October 12th. Barclays cut their price objective on Edison International from $75.00 to $53.00 and set an “equal weight” rating for the company in a report on Friday, October 9th. Finally, Mizuho restated a “neutral” rating and set a $70.00 price target (down from $86.00) on shares of Edison International in a research report on Monday, August 31st. One investment analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Edison International presently has an average rating of “Reduce” and a consensus price target of $60.75.

Edison International Company Profile

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.