Goldman Sachs Group Inc. lifted its stake in shares of Edison International (NYSE:EIX – Free Report) by 41.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,496,907 shares of the utilities provider’s stock after acquiring an additional 1,609,847 shares during the period. Goldman Sachs Group Inc.’s holdings in Edison International were worth $329,924,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the stock. Versor Investments LP boosted its holdings in Edison International by 55.0% in the 3rd quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock worth $2,865,000 after buying an additional 18,381 shares during the period. Gradient Investments LLC boosted its holdings in Edison International by 949.8% in the 4th quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock worth $15,789,000 after buying an additional 237,999 shares during the period. Krilogy Financial LLC boosted its holdings in Edison International by 141.8% in the 3rd quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock worth $1,705,000 after buying an additional 17,616 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Edison International by 5.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock worth $260,859,000 after buying an additional 220,785 shares during the period. Finally, Nordea Investment Management AB boosted its holdings in Edison International by 5.6% in the 4th quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider’s stock worth $108,204,000 after buying an additional 94,727 shares during the period. 88.95% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
EIX has been the topic of several recent analyst reports. Barclays decreased their target price on Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Mizuho set a $79.00 target price on Edison International in a research note on Thursday, February 19th. Seaport Research Partners downgraded Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 15th. Finally, UBS Group downgraded Edison International from a “buy” rating to a “neutral” rating and lifted their target price for the company from $70.00 to $78.00 in a research note on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $72.64.
Edison International Stock Performance
NYSE:EIX opened at $73.46 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. Edison International has a 1 year low of $47.73 and a 1 year high of $76.21. The stock’s 50 day simple moving average is $70.99 and its two-hundred day simple moving average is $66.49. The company has a market cap of $28.27 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.24 and a beta of 0.67.
Edison International (NYSE:EIX – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The company’s revenue 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. As a group, equities analysts anticipate that Edison International will post 6.12 earnings per share for the current fiscal year.
Insider Activity at Edison International
In other news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the transaction, the director owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 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.
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