Leo Wealth LLC purchased a new position in shares of Edison International (NYSE:EIX – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,717 shares of the utilities provider’s stock, valued at approximately $844,000.
A number of other hedge funds have also bought and sold shares of EIX. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Edison International during the 2nd quarter valued at approximately $26,000. Groupe la Francaise acquired a new position in Edison International in the first quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Edison International during the second quarter valued at $30,000. Bell Investment Advisors Inc bought a new stake in Edison International during the second quarter valued at $31,000. Finally, Quantbot Technologies LP bought a new stake in Edison International during the second quarter valued at $41,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the stock. Bank of America downgraded shares of Edison International from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $81.00 to $51.00 in a research report on Tuesday, September 1st. Mizuho reaffirmed a “neutral” rating and issued a $70.00 price target (down from $86.00) on shares of Edison International in a report on Monday, August 31st. Weiss Ratings downgraded shares of Edison International from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. HSBC started coverage on shares of Edison International in a research note on Thursday, October 22nd. They set a “hold” rating and a $56.50 price objective on the stock. Finally, UBS Group reiterated a “neutral” rating and set a $57.00 price objective on shares of Edison International in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $60.58.
Get Our Latest Stock Report on Edison International
Edison International Price Performance
Shares of EIX opened at $57.73 on Tuesday. The company has a market cap of $22.21 billion, a P/E ratio of 5.95, a PEG ratio of 2.43 and a beta of 0.62. The stock has a fifty day moving average price of $59.20 and a 200 day moving average price of $67.76. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. Edison International has a 12 month low of $51.10 and a 12 month high of $81.62.
Edison International (NYSE:EIX – Get Free Report) last issued its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, topping 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 firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period last year, the company earned $0.97 earnings per share. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts forecast that Edison International will post 6.13 earnings per share for the current year.
Edison International Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors 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 6.1%. Edison International’s dividend payout ratio (DPR) is currently 36.19%.
Insider Transactions at Edison International
In other Edison International news, Director Peter Taylor sold 500 shares of the business’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $55.56, for a total transaction of $27,780.00. Following the completion of the transaction, the director directly owned 33,212 shares of the company’s stock, valued at $1,845,258.72. The trade was a 1.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by insiders.
About Edison International
Edison International (NYSE: EIX) is an electric power holding company based in California. Its principal subsidiary, Southern California Edison (SCE), is one of the largest electric utilities in the United States and delivers electricity across central, coastal and Southern California. SCE serves millions of residential, commercial and industrial customers through an extensive transmission and distribution network.
Edison International’s operations are focused on the generation, transmission and distribution of electricity, as well as supporting the transition to cleaner energy.
Featured Stories
- Five stocks we like better than Edison International
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Receive News & Ratings for Edison International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edison International and related companies with MarketBeat.com's FREE daily email newsletter.
