Sterling Capital Management LLC Purchases 18,913 Shares of Edison International $EIX

Sterling Capital Management LLC boosted its position in Edison International (NYSE:EIX) by 66.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,547 shares of the utilities provider’s stock after buying an additional 18,913 shares during the quarter. Sterling Capital Management LLC’s holdings in Edison International were worth $3,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of EIX. 10Elms LLP purchased a new stake in Edison International during the 4th quarter valued at about $26,000. Transamerica Financial Advisors LLC raised its holdings in Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 281 shares in the last quarter. Ransom Advisory Ltd raised its position in shares of Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 259 shares in the last quarter. Ameriflex Group Inc. raised its holdings in Edison International by 100.0% in the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 371 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. raised its holdings 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 purchasing an additional 702 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Peter J. Taylor sold 500 shares of the firm’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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by company insiders.

Edison International Price Performance

NYSE EIX opened at $75.58 on Friday. Edison International has a one year low of $49.14 and a one year high of $76.21. The stock has a 50-day moving average of $70.83 and a 200 day moving average of $67.98. The company has a market capitalization of $29.08 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 1.31 and a beta of 0.67. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74.

Edison International (NYSE:EIX) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.10. The business had revenue of $4.10 billion for 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%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, sell-side analysts forecast that Edison International will post 6.12 EPS for the current year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be given a dividend of $0.8775 per share. The ex-dividend date is Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.6%. Edison International’s dividend payout ratio is 38.11%.

Analyst Ratings Changes

A number of brokerages have recently commented on EIX. Morgan Stanley restated an “underweight” rating on shares of Edison International in a report on Wednesday. LADENBURG THALM/SH SH reissued a “sell” rating and set a $63.00 price target on shares of Edison International in a research report on Thursday, March 5th. Barclays dropped 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 note on Wednesday, April 29th. Bank of America cut their price objective on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Finally, Truist Financial decreased their target price on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $72.64.

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.