Daiwa Securities Group Inc. lowered its stake in Edison International (NYSE:EIX – Free Report) by 28.2% during the fourth quarter, Holdings Channel reports. The firm owned 65,681 shares of the utilities provider’s stock after selling 25,815 shares during the period. Daiwa Securities Group Inc.’s holdings in Edison International were worth $3,942,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of EIX. Ransom Advisory Ltd grew its position in Edison International by 74.9% in the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 259 shares during the last quarter. Ameriflex Group Inc. grew its position in Edison International by 100.0% in the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 371 shares during the last quarter. Quest 10 Wealth Builders Inc. grew its position in Edison International by 866.7% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 702 shares during the last quarter. MUFG Securities EMEA plc bought a new position in Edison International in the second quarter valued at about $59,000. Finally, SBI Securities Co. Ltd. grew its position in Edison International by 90.0% in the third quarter. SBI Securities Co. Ltd. now owns 1,214 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 575 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.
Analysts Set New Price Targets
EIX has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH reiterated a “sell” rating and issued a $63.00 target price on shares of Edison International in a research report on Thursday, March 5th. TD Cowen lifted their target price on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Wall Street Zen cut Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Mizuho set a $79.00 target price on Edison International in a research report on Thursday, February 19th. Finally, UBS Group cut 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 report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $72.64.
Edison International Stock Performance
NYSE:EIX opened at $70.85 on Tuesday. The stock has a market cap of $27.26 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The stock’s 50-day moving average is $70.99 and its 200-day moving average is $66.63. Edison International has a 1-year low of $47.73 and a 1-year high of $76.21.
Edison International (NYSE:EIX – Get Free Report) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts anticipate that Edison International will post 6.12 earnings per share for the current year.
Insider Buying and Selling at Edison International
In other news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the sale, the director directly owned 34,212 shares in the company, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 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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