Edison International $EIX Shares Newly Purchased by Goelzer Investment Management Inc.

Goelzer Investment Management Inc. purchased a new stake in Edison International (NYSE:EIX) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 19,456 shares of the utilities provider’s stock, valued at approximately $1,045,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Daytona Street Capital LLC purchased a new stake in Edison International during the 3rd quarter valued at approximately $536,000. Iams Wealth Management LLC grew its stake in shares of Edison International by 67.9% in the 3rd quarter. Iams Wealth Management LLC now owns 12,604 shares of the utilities provider’s stock valued at $677,000 after purchasing an additional 5,095 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of Edison International by 16.8% in the 3rd quarter. V Square Quantitative Management LLC now owns 16,609 shares of the utilities provider’s stock valued at $892,000 after purchasing an additional 2,384 shares during the last quarter. Ninety One UK Ltd grew its stake in shares of Edison International by 165.8% in the 3rd quarter. Ninety One UK Ltd now owns 18,822 shares of the utilities provider’s stock valued at $1,011,000 after purchasing an additional 11,741 shares during the last quarter. Finally, Ninety One SA Pty Ltd purchased a new position in shares of Edison International in the 3rd quarter valued at approximately $1,468,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Stock Performance

Shares of EIX stock opened at $56.05 on Friday. The company has a market cap of $21.57 billion, a price-to-earnings ratio of 5.78, a price-to-earnings-growth ratio of 2.37 and a beta of 0.62. The stock has a 50 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. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period last year, the firm earned $0.97 EPS. The company’s quarterly revenue was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities analysts forecast that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Wednesday, October 7th will be given a $0.8775 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $3.51 annualized dividend and a yield of 6.3%. Edison International’s dividend payout ratio is presently 36.19%.

Insider Transactions at Edison International

In other Edison International news, Director Peter Taylor sold 500 shares of the firm’s stock in a transaction 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 owned 33,212 shares of the company’s stock, valued at approximately $1,845,258.72. This trade represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EIX. The Goldman Sachs Group set a $67.00 target price on Edison International in a report on Thursday. JPMorgan Chase & Co. decreased their price target on Edison International from $61.00 to $59.00 and set a “neutral” rating for the company in a report on Monday, October 12th. Jefferies Financial Group reiterated an “underperform” rating and issued a $42.00 price objective (down from $53.00) on shares of Edison International in a research report on Friday, October 2nd. Bank of America cut shares of Edison International from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $81.00 to $51.00 in a research note on Tuesday, September 1st. Finally, UBS Group restated a “neutral” rating and set a $57.00 price objective on shares of Edison International in a research report on Thursday, September 24th. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $60.75.

About Edison International

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.