Edison International $EIX Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC reduced its position in shares of Edison International (NYSE:EIX – Free Report) by 63.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,360 shares of the utilities provider’s stock after selling 33,811 shares during the period. Krilogy Financial LLC’s holdings in Edison International were worth $1,077,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in EIX. Edmond DE Rothschild Holding S.A. bought a new stake in Edison International during the second quarter valued at $26,000. Groupe la Francaise bought a new position in shares of Edison International in the 1st quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Edison International in the 2nd quarter worth about $30,000. Bell Investment Advisors Inc acquired a new position in shares of Edison International in the 2nd quarter valued at about $31,000. Finally, Silvant Capital Management LLC acquired a new position in shares of Edison International in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EIX. Weiss Ratings cut shares of Edison International from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, September 10th. Barclays cut their price target on Edison International from $75.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, October 9th. Truist Financial reduced their price objective on Edison International from $63.00 to $62.00 and set a “hold” rating for the company in a research report on Monday. UBS Group restated a “neutral” rating and set a $57.00 price objective on shares of Edison International in a research note on Thursday, September 24th. Finally, JPMorgan Chase & Co. lowered their price objective on Edison International from $61.00 to $59.00 and set a “neutral” rating for the company in a research note on Monday, October 12th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Edison International has an average rating of “Reduce” and a consensus target price of $60.75.

View Our Latest Stock Analysis on EIX

Insider Activity at Edison International

In other news, Director Peter Taylor sold 500 shares of the firm’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $55.56, for a total transaction of $27,780.00. Following the transaction, the director directly owned 33,212 shares of the company’s stock, valued at approximately $1,845,258.72. This trade represents a 1.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Stock Performance

Shares of EIX traded up $0.40 during mid-day trading on Friday, reaching $56.05. 4,935,159 shares of the company’s stock traded hands, compared to its average volume of 5,671,060. The business’s 50-day moving average price is $60.19 and its 200-day moving average price is $68.32. The stock has a market capitalization of $21.57 billion, a P/E ratio of 5.78, a price-to-earnings-growth ratio of 2.35 and a beta of 0.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. 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 quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) 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 business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The business’s revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts predict that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Wednesday, October 7th will be given a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Wednesday, October 7th. Edison International’s payout ratio is 36.19%.

About Edison International

(Free Report)

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.

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

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