Edison International $EIX Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC increased its holdings in Edison International (NYSE:EIX) by 39.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,952 shares of the utilities provider’s stock after acquiring an additional 20,192 shares during the period. Sterling Capital Management LLC’s holdings in Edison International were worth $3,866,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Edison International during the 2nd quarter worth about $3,340,412,000. Legal & General Group Plc purchased a new position in Edison International during the 2nd quarter valued at about $329,766,000. Bank of New York Mellon Corp purchased a new position in Edison International during the 2nd quarter valued at about $309,361,000. Amundi grew its stake in Edison International by 27.0% during the 2nd quarter. Amundi now owns 3,570,726 shares of the utilities provider’s stock valued at $265,843,000 after acquiring an additional 759,236 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Edison International in the 2nd quarter valued at about $261,275,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Edison International

In related news, Director Peter Taylor sold 500 shares of Edison International stock in a transaction on Monday, October 12th. The shares were sold at an average price of $55.56, for a total value of $27,780.00. Following the completion of the sale, the director owned 33,212 shares of the company’s stock, valued at approximately $1,845,258.72. The trade was a 1.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Edison International Price Performance

Shares of EIX opened at $57.34 on Friday. The firm has a market cap of $22.07 billion, a PE ratio of 5.91, a PEG ratio of 2.43 and a beta of 0.62. The firm’s 50 day moving average price is $58.90 and its 200 day moving average price is $67.75. 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 twelve month low of $51.10 and a twelve month high of $81.62.

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

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Wednesday, October 7th will be issued 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 6.1%. Edison International’s dividend payout ratio (DPR) is currently 36.19%.

Analyst Upgrades and Downgrades

EIX has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Edison International from $61.00 to $59.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. UBS Group restated a “neutral” rating and set a $57.00 price target on shares of Edison International in a report on Thursday, September 24th. Argus reaffirmed a “hold” rating on shares of Edison International in a research report on Wednesday, August 26th. Bank of America lowered shares of Edison International from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $81.00 to $51.00 in a research note on Tuesday, September 1st. Finally, Morgan Stanley upped their price objective on shares of Edison International from $60.00 to $62.00 and gave the company an “underweight” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Edison International presently has an average rating of “Reduce” and a consensus target price of $60.58.

About Edison International

Edison International (NYSE: EIX) is an electric power holding company based in California. Its principal subsidiary, Southern California Edison (SCE), is one of the largest electric utilities in the United States and delivers electricity across central, coastal and Southern California. SCE serves millions of residential, commercial and industrial customers through an extensive transmission and distribution network.

Edison International’s operations are focused on the generation, transmission and distribution of electricity, as well as supporting the transition to cleaner energy.