Richard Bernstein Advisors LLC Trims Position in Edison International $EIX

Richard Bernstein Advisors LLC cut its holdings in Edison International (NYSE:EIX) by 53.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,899 shares of the utilities provider’s stock after selling 28,594 shares during the period. Richard Bernstein Advisors LLC’s holdings in Edison International were worth $1,376,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EIX. Bank of Montreal Can grew its stake in shares of Edison International by 5.9% during the third quarter. Bank of Montreal Can now owns 723,675 shares of the utilities provider’s stock worth $40,005,000 after purchasing an additional 40,523 shares in the last quarter. Legal & General Group Plc increased its position in Edison International by 3.7% during the third quarter. Legal & General Group Plc now owns 4,561,255 shares of the utilities provider’s stock worth $252,146,000 after buying an additional 162,336 shares during the period. Pinkerton Wealth LLC boosted its stake in Edison International by 15.8% during the 3rd quarter. Pinkerton Wealth LLC now owns 92,075 shares of the utilities provider’s stock worth $5,090,000 after purchasing an additional 12,591 shares during the period. WINTON GROUP Ltd acquired a new stake in shares of Edison International during the third quarter worth about $1,191,000. Finally, Russell Investments Group Ltd. grew its position in Edison International by 30.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,234,043 shares of the utilities provider’s stock valued at $68,207,000 after buying an additional 285,752 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analysts Set New Price Targets

EIX has been the subject of a number of recent analyst reports. UBS Group downgraded Edison International from a “buy” rating to a “neutral” rating and raised their target price for the company from $70.00 to $78.00 in a report on Friday, February 13th. Mizuho set a $79.00 price target on shares of Edison International in a research report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Jefferies Financial Group lowered their price target on Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $68.56.

Edison International Stock Performance

NYSE:EIX opened at $70.96 on Wednesday. Edison International has a twelve month low of $47.73 and a twelve month high of $75.50. The firm’s fifty day simple moving average is $65.85 and its 200 day simple moving average is $59.97. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92. The firm has a market capitalization of $27.31 billion, a price-to-earnings ratio of 6.14, a PEG ratio of 1.14 and a beta of 0.79.

Edison International (NYSE:EIX) last posted its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.40. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.During the same quarter last year, the firm earned $1.05 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. As a group, equities research analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be given a dividend of $0.8775 per share. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. Edison International’s dividend payout ratio (DPR) is presently 30.36%.

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.