Edison International $EIX Shares Bought by Swedbank AB

Swedbank AB boosted its stake in shares of Edison International (NYSE:EIX) by 8.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 675,323 shares of the utilities provider’s stock after purchasing an additional 53,947 shares during the quarter. Swedbank AB’s holdings in Edison International were worth $40,533,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in Edison International by 677.8% during the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after buying an additional 488 shares during the last quarter. Ransom Advisory Ltd boosted its stake in Edison International by 74.9% during the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after buying an additional 259 shares during the last quarter. Ameriflex Group Inc. boosted its stake in Edison International by 100.0% during the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock worth $41,000 after buying an additional 371 shares during the last quarter. Quest 10 Wealth Builders Inc. boosted its stake in Edison International by 866.7% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after buying an additional 702 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in Edison International during the third quarter worth $53,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Price Performance

NYSE:EIX opened at $71.34 on Monday. Edison International has a 52 week low of $47.73 and a 52 week high of $76.21. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $27.45 billion, a P/E ratio of 7.75, a P/E/G ratio of 1.23 and a beta of 0.68. The stock’s fifty day moving average is $71.09 and its two-hundred day moving average is $65.59.

Edison International (NYSE:EIX) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the business earned $1.37 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts expect that Edison International will post 6.12 EPS for the current year.

Wall Street Analysts Forecast Growth

EIX has been the topic of a number of recent research reports. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. UBS Group lowered 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 note on Friday, February 13th. Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. Truist Financial reduced their target price on Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Finally, Jefferies Financial Group reduced their target price on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 28th. Four equities research 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $72.64.

Insider Buying and Selling

In other Edison International news, Director Peter J. Taylor sold 500 shares of Edison International stock in a transaction on Monday, April 13th. The stock was sold at an average price of $75.30, for a total value of $37,650.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by corporate insiders.

Edison International 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.