Beese Fulmer Investment Management Inc. Purchases Shares of 8,791 Edison International $EIX

Beese Fulmer Investment Management Inc. purchased a new stake in Edison International (NYSE:EIX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,791 shares of the utilities provider’s stock, valued at approximately $528,000.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of Edison International by 112.9% in the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after purchasing an additional 5,190 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares in the last quarter. Woodline Partners LP lifted its holdings in shares of Edison International by 40.7% in the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after purchasing an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Edison International by 153.6% in the second quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after purchasing an additional 5,290 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in shares of Edison International in the second quarter valued at about $302,000. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

EIX opened at $69.27 on Monday. Edison International has a 52-week low of $47.73 and a 52-week high of $76.21. The firm has a market capitalization of $26.65 billion, a PE ratio of 7.52, a PEG ratio of 1.20 and a beta of 0.68. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The business’s 50-day simple moving average is $71.20 and its 200 day simple moving average is $65.07.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. 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. As a group, sell-side analysts expect that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 7th were issued a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 5.1%. The ex-dividend date was Tuesday, April 7th. Edison International’s dividend payout ratio is presently 38.11%.

Insider Transactions at Edison International

In other Edison International news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction 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 sale, the director directly owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Bank of America cut their price target on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Jefferies Financial Group cut their price target on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. UBS Group lowered shares of Edison International from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $70.00 to $78.00 in a research report on Friday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, Barclays cut their price objective on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $72.91.

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.