Edison International $EIX Stock Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC decreased its holdings in Edison International (NYSE:EIX) by 40.9% in the third quarter, Holdings Channel reports. The fund owned 21,412 shares of the utilities provider’s stock after selling 14,821 shares during the period. Douglas Lane & Associates LLC’s holdings in Edison International were worth $1,150,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in shares of Edison International by 42.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 38,292 shares of the utilities provider’s stock worth $2,057,000 after purchasing an additional 11,433 shares during the last quarter. CoreCap Advisors LLC increased its holdings in shares of Edison International by 18.3% in the third quarter. CoreCap Advisors LLC now owns 95,754 shares of the utilities provider’s stock valued at $5,145,000 after purchasing an additional 14,795 shares during the last quarter. Gradient Investments LLC increased its holdings in shares of Edison International by 4.6% in the third quarter. Gradient Investments LLC now owns 262,806 shares of the utilities provider’s stock valued at $14,121,000 after purchasing an additional 11,523 shares during the last quarter. Bank & Trust Co lifted its position in Edison International by 14.8% during the third quarter. Bank & Trust Co now owns 7,216 shares of the utilities provider’s stock worth $388,000 after buying an additional 931 shares in the last quarter. Finally, Kwmg LLC lifted its position in Edison International by 3.3% during the third quarter. Kwmg LLC now owns 111,577 shares of the utilities provider’s stock worth $5,995,000 after buying an additional 3,556 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EIX has been the subject of several analyst reports. Morgan Stanley dropped their target price on Edison International from $65.00 to $60.00 and set an “underweight” rating for the company in a report on Friday, September 18th. Weiss Ratings cut shares of Edison International from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. Argus reissued a “hold” rating on shares of Edison International in a report on Wednesday, August 26th. Truist Financial cut their price objective on shares of Edison International from $77.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, September 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Edison International from $82.00 to $61.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 2nd. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $60.45.

Edison International Stock Performance

Shares of Edison International stock opened at $55.35 on Friday. The firm has a market cap of $21.30 billion, a PE ratio of 5.71, a price-to-earnings-growth ratio of 2.19 and a beta of 0.62. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. Edison International has a 52 week low of $51.10 and a 52 week high of $81.62. The business’s fifty day simple moving average is $61.56 and its 200-day simple moving average is $68.86.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%. The company’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the company earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts forecast that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The business 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. The ex-dividend date is Wednesday, October 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 6.3%. Edison International’s dividend payout ratio (DPR) is currently 36.19%.

About Edison International

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.