Nwam LLC Acquires 8,982 Shares of Edison International $EIX

Nwam LLC lifted its holdings in shares of Edison International (NYSE:EIX) by 160.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 14,590 shares of the utilities provider’s stock after acquiring an additional 8,982 shares during the period. Nwam LLC’s holdings in Edison International were worth $899,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EIX. Crossmark Global Holdings Inc. increased its position in shares of Edison International by 3.5% during the 4th quarter. Crossmark Global Holdings Inc. now owns 18,315 shares of the utilities provider’s stock worth $1,099,000 after purchasing an additional 627 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Edison International by 21.6% during the 4th quarter. Ballentine Partners LLC now owns 7,414 shares of the utilities provider’s stock worth $445,000 after purchasing an additional 1,317 shares in the last quarter. Wesbanco Bank Inc. acquired a new stake in shares of Edison International during the 4th quarter worth about $252,000. MGO One Seven LLC increased its position in shares of Edison International by 10.1% during the 4th quarter. MGO One Seven LLC now owns 9,628 shares of the utilities provider’s stock worth $578,000 after purchasing an additional 884 shares in the last quarter. Finally, Allegiance Financial Group Advisory Services LLC increased its position in shares of Edison International by 65.9% during the 4th quarter. Allegiance Financial Group Advisory Services LLC now owns 9,048 shares of the utilities provider’s stock worth $543,000 after purchasing an additional 3,593 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 500 shares of Edison International stock in a transaction that occurred 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 sale, the director owned 34,212 shares in the company, valued at $2,576,163.60. The trade was a 1.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 corporate insiders.

Edison International Stock Up 2.3%

Shares of NYSE:EIX opened at $70.55 on Tuesday. 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 $71.49 and a 200-day moving average of $64.71. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. The stock has a market cap of $27.15 billion, a price-to-earnings ratio of 7.66, a P/E/G ratio of 1.19 and a beta of 0.68.

Edison International (NYSE:EIX) last issued its quarterly 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 quarter in the previous year, the company earned $1.37 EPS. Edison International’s revenue 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, sell-side analysts forecast that Edison International will post 6.12 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Stockholders 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 annualized dividend and a dividend yield of 5.0%. Edison International’s payout ratio is currently 38.11%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on EIX. Wall Street Zen cut shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Jefferies Financial Group dropped their target price 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. TD Cowen increased their target price on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. JPMorgan Chase & Co. increased their target price on shares of Edison International from $74.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, May 1st. Finally, UBS Group cut shares of Edison International from a “buy” rating to a “neutral” rating and raised their price objective for the company from $70.00 to $78.00 in a research report on Friday, February 13th. Five equities 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $72.82.

Edison International Company 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.