Edison International $EIX Shares Sold by ING Groep NV

ING Groep NV cut its stake in shares of Edison International (NYSE:EIX) by 74.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 84,075 shares of the utilities provider’s stock after selling 249,022 shares during the period. ING Groep NV’s holdings in Edison International were worth $5,046,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EIX. Ransom Advisory Ltd grew its holdings in shares of Edison International by 74.9% in the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 259 shares in the last quarter. Ameriflex Group Inc. grew its holdings in shares of Edison International by 100.0% in the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 371 shares in the last quarter. Quest 10 Wealth Builders Inc. grew its holdings in shares of Edison International by 866.7% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 702 shares in the last quarter. MUFG Securities EMEA plc acquired a new position in shares of Edison International in the second quarter valued at approximately $59,000. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Edison International by 90.0% in the third quarter. SBI Securities Co. Ltd. now owns 1,214 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 575 shares in 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 research reports. TD Cowen lifted their price objective on shares of Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 20th. Wall Street Zen cut shares of Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Mizuho set a $79.00 price target on shares of Edison International in a report on Thursday, February 19th. Weiss Ratings upgraded shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Finally, Truist Financial lowered their price target on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a report on Monday, May 18th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $72.64.

Edison International Stock Down 3.4%

Shares of NYSE:EIX opened at $70.85 on Tuesday. The company has a market capitalization of $27.26 billion, a PE ratio of 7.69, a P/E/G ratio of 1.27 and a beta of 0.67. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. Edison International has a twelve month low of $47.73 and a twelve month high of $76.21. The firm has a 50 day simple moving average of $70.99 and a 200-day simple moving average of $66.63.

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

Insider Buying and Selling at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 34,212 shares in the company, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 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.