Stance Capital LLC Increases Holdings in Edison International $EIX

Stance Capital LLC increased its stake in Edison International (NYSE:EIX) by 7,860.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 55,246 shares of the utilities provider’s stock after buying an additional 54,552 shares during the period. Edison International comprises 1.2% of Stance Capital LLC’s investment portfolio, making the stock its 20th biggest holding. Stance Capital LLC’s holdings in Edison International were worth $3,316,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. 10Elms LLP purchased a new position in Edison International in the fourth quarter valued at about $26,000. Transamerica Financial Advisors LLC lifted its stake in Edison International by 170.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 281 shares during the last quarter. Ransom Advisory Ltd grew its holdings in Edison International by 74.9% during 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 during the period. Ameriflex Group Inc. grew its holdings in Edison International by 100.0% during 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 during the period. Finally, Quest 10 Wealth Builders Inc. increased its position in Edison International by 866.7% in 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. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Barclays cut their price target on Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. LADENBURG THALM/SH SH reaffirmed a “sell” rating and set a $63.00 price objective on shares of Edison International in a report on Thursday, March 5th. Bank of America cut their target price on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Wells Fargo & Company reissued an “underweight” rating and issued a $62.00 price target on shares of Edison International in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $72.64.

Edison International Trading Down 0.2%

Shares of Edison International stock opened at $71.77 on Friday. Edison International has a 12-month low of $49.14 and a 12-month high of $76.21. The company 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 current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The company’s 50-day moving average price is $70.80 and its 200-day moving average price is $67.41.

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

Insider Buying and Selling at Edison International

In related news, Director Peter J. Taylor sold 500 shares of the company’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 value of $37,650.00. Following the transaction, the director directly owned 34,212 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

About Edison International

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.