Parcion Private Wealth LLC lowered its position in shares of Edison International (NYSE:EIX – Free Report) by 49.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,440 shares of the utilities provider’s stock after selling 10,978 shares during the period. Parcion Private Wealth LLC’s holdings in Edison International were worth $615,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Childress Capital Advisors LLC lifted its stake in Edison International by 67.7% in the third quarter. Childress Capital Advisors LLC now owns 4,685 shares of the utilities provider’s stock worth $252,000 after acquiring an additional 1,892 shares during the period. D.A. Davidson & CO. increased its position in Edison International by 10.2% during the 3rd quarter. D.A. Davidson & CO. now owns 76,812 shares of the utilities provider’s stock valued at $4,127,000 after purchasing an additional 7,135 shares during the period. BOKF NA increased its position in Edison International by 107.9% during the 3rd quarter. BOKF NA now owns 17,594 shares of the utilities provider’s stock valued at $945,000 after purchasing an additional 9,132 shares during the period. North Dakota State Investment Board increased its position in Edison International by 2.9% during the 3rd quarter. North Dakota State Investment Board now owns 11,663 shares of the utilities provider’s stock valued at $627,000 after purchasing an additional 330 shares during the period. Finally, Lynx Investment Advisory lifted its position in shares of Edison International by 4.8% in the 3rd quarter. Lynx Investment Advisory now owns 10,042 shares of the utilities provider’s stock worth $540,000 after purchasing an additional 458 shares during the period. 88.95% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other Edison International news, Director Peter Taylor sold 500 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were 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 in the company, valued at $1,845,258.72. This trade represents a 1.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by insiders.
Key Edison International News
Here are the key news stories impacting Edison International this week:
- Positive Sentiment: Edison reported third-quarter adjusted EPS of $1.92, exceeding consensus estimates of $1.81-$1.83. Management also reaffirmed its 2026 core EPS guidance of $5.90-$6.20 and outlined a $38 billion-$41 billion capital-investment plan. Edison International Q3 Earnings Outpace Estimates, Revenues Miss
- Positive Sentiment: The company maintained its earnings outlook despite regulatory challenges, providing some support for the stock’s longer-term investment case. Edison Reaffirms 2026 Core EPS Guidance
- Neutral Sentiment: Barclays raised its price target from $53 to $58 while retaining an “equal weight” rating, suggesting limited expected upside at recent trading levels. Barclays Edison International Ratings
- Neutral Sentiment: Edison was highlighted among high-yield utility stocks, which may attract income-focused investors, although the article does not introduce a material change to the company’s outlook. High-Yield Utilities Article
- Negative Sentiment: Third-quarter revenue fell 15% year over year to $4.89 billion, missing estimates of $5.34 billion, while EPS declined from $2.34 a year earlier. The revenue miss and weaker earnings growth temper the impact of the EPS beat. Q3 Earnings and Revenue Results
- Negative Sentiment: Management stressed the need for urgent California wildfire-liability reform, warning that rising financing costs could restrict grid investment. Delays in reform and potential wildfire claims remain major risks. EIX Earnings Call Highlights Wildfire Reform
- Negative Sentiment: Wells Fargo lowered its price target from $62 to $59 and maintained an “underweight” rating, reinforcing investor concerns about limited upside and regulatory exposure. Wells Fargo Edison International Ratings
Edison International Stock Performance
EIX stock opened at $58.92 on Monday. The firm has a market cap of $22.67 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 2.49 and a beta of 0.56. The firm has a 50-day simple moving average of $57.77 and a two-hundred day simple moving average of $67.72. Edison International has a one year low of $51.10 and a one year high of $81.62. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.71 and a current ratio of 0.77.
Edison International (NYSE:EIX – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The utilities provider reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.11. Edison International had a net margin of 20.50% and a return on equity of 14.17%. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same period last year, the business earned $2.34 EPS. The company’s revenue was down 15.0% compared to the same quarter last year. On average, equities analysts forecast that Edison International will post 6.13 EPS for the current fiscal year.
Edison International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Wednesday, October 7th were given a dividend of $0.8775 per share. The ex-dividend date of this dividend was Wednesday, October 7th. This represents a $3.51 dividend on an annualized basis and a yield of 6.0%. Edison International’s dividend payout ratio is presently 37.30%.
Wall Street Analysts Forecast Growth
EIX has been the topic of a number of recent research reports. Weiss Ratings downgraded shares of Edison International from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Jefferies Financial Group downgraded shares of Edison International from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $53.00 to $42.00 in a research note on Friday, October 2nd. HSBC began coverage on shares of Edison International in a research note on Thursday, October 22nd. They issued a “hold” rating and a $56.50 price objective for the company. Truist Financial lowered their target price on Edison International from $63.00 to $62.00 and set a “hold” rating for the company in a report on Monday, October 12th. Finally, Barclays increased their target price on Edison International from $53.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Edison International presently has an average rating of “Reduce” and a consensus target price of $60.73.
Read Our Latest Stock Analysis on EIX
Edison International Profile
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.
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