iA Global Asset Management Inc. Reduces Position in Edison International $EIX

iA Global Asset Management Inc. cut its position in Edison International (NYSE:EIXFree Report) by 34.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,297 shares of the utilities provider’s stock after selling 15,218 shares during the period. iA Global Asset Management Inc.’s holdings in Edison International were worth $1,758,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Activest Wealth Management increased its position in shares of Edison International by 677.8% in the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 488 shares during the last quarter. CVA Family Office LLC boosted its holdings in shares of Edison International by 113.7% in the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after buying an additional 307 shares in the last quarter. Ransom Advisory Ltd boosted its holdings in shares of Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after buying an additional 259 shares in the last quarter. Ameriflex Group Inc. boosted its holdings in shares of Edison International by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock valued at $41,000 after buying an additional 371 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted its holdings in shares of Edison International by 866.7% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after buying an additional 702 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EIX shares. Morgan Stanley lowered their target price on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating for the company in a report on Tuesday, April 21st. Weiss Ratings upgraded shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. TD Cowen upped their target price on shares of Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 20th. Wall Street Zen cut shares of Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday. Four equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Edison International currently has an average rating of “Hold” and an average price target of $72.64.

Check Out Our Latest Analysis on Edison International

Edison International Stock Down 0.9%

Shares of Edison International stock opened at $68.57 on Tuesday. The company has a market cap of $26.38 billion, a P/E ratio of 7.45, a PEG ratio of 1.20 and a beta of 0.68. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. Edison International has a one year low of $47.73 and a one year high of $76.21. The firm has a fifty day moving average of $71.14 and a two-hundred day moving average of $65.16.

Edison International (NYSE:EIXGet Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. Edison International’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts forecast that Edison International will post 6.12 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th were given a dividend of $0.8775 per share. The ex-dividend date was Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 5.1%. Edison International’s dividend payout ratio is presently 38.11%.

Insider Buying and Selling

In other Edison International news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $75.30, for a total transaction of $37,650.00. Following the completion of the transaction, the director owned 34,212 shares in the company, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their position. The sale was disclosed in a 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.

About Edison International

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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