Edison International $EIX Stock Holdings Cut by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. reduced its position in shares of Edison International (NYSE:EIXFree Report) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 181,118 shares of the utilities provider’s stock after selling 9,376 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Edison International were worth $10,871,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EIX. Jones Financial Companies Lllp boosted its stake in Edison International by 112.9% during the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after purchasing an additional 5,190 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares in the last quarter. Woodline Partners LP boosted its position in shares of Edison International by 40.7% during the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after purchasing an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Edison International by 153.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after purchasing an additional 5,290 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new position in shares of Edison International during the 2nd quarter valued at about $302,000. 88.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group reduced their price objective on shares of Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Bank of America reduced their price objective on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Wells Fargo & Company restated an “underweight” rating and set a $62.00 price objective on shares of Edison International in a research report on Tuesday, April 21st. TD Cowen raised their price objective on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, Truist Financial reduced their price objective on Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research note on Monday. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Edison International currently has a consensus rating of “Hold” and an average target price of $72.64.

Get Our Latest Research Report on EIX

Edison International Stock Performance

Shares of EIX opened at $70.39 on Friday. Edison International has a one year low of $47.73 and a one year high of $76.21. The company has a 50-day moving average of $71.09 and a two-hundred day moving average of $65.47. The stock has a market cap of $27.08 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 1.21 and a beta of 0.68. 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 (NYSE:EIXGet Free Report) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the company posted $1.37 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts expect that Edison International will post 6.12 earnings per share for the current year.

Insider Activity at Edison International

In other Edison International news, Director Peter J. Taylor sold 500 shares of the firm’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $75.30, for a total value of $37,650.00. Following the completion of the transaction, the director directly owned 34,212 shares in the company, valued at $2,576,163.60. This trade represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by insiders.

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.

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

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