Hsbc Holdings PLC Purchases 66,680 Shares of Edison International $EIX

Hsbc Holdings PLC increased its position in shares of Edison International (NYSE:EIX) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,102,735 shares of the utilities provider’s stock after buying an additional 66,680 shares during the quarter. Hsbc Holdings PLC’s holdings in Edison International were worth $186,305,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in shares of Edison International by 112.9% in the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after purchasing an additional 5,190 shares in the last quarter. Empowered Funds LLC increased its stake in Edison International by 2.4% during the 1st 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 raised its holdings in Edison International by 40.7% during the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after buying an additional 9,459 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Edison International by 153.6% during the second quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock worth $451,000 after buying an additional 5,290 shares during the last quarter. Finally, Baird Financial Group Inc. bought a new position in shares of Edison International in the second quarter valued at $302,000. Institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on EIX shares. Seaport Research Partners cut shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Weiss Ratings upgraded shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Bank of America dropped their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Truist Financial cut their price target on Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $62.00 price objective on shares of Edison International in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Edison International currently has a consensus rating of “Hold” and an average price target of $72.64.

Edison International Stock Performance

NYSE EIX opened at $71.77 on Friday. Edison International has a 1 year low of $49.14 and a 1 year high of $76.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. The firm has a market cap of $27.61 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 1.25 and a beta of 0.67. The company has a fifty day moving average price of $70.80 and a 200-day moving average price of $67.41.

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

Insider Transactions at Edison International

In other Edison International news, Director Peter J. Taylor sold 500 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $75.30, for a total value 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. This trade represents a 1.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.