16,156 Edison International $EIX Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lowered its stake in shares of Edison International (NYSE:EIX) by 38.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,368 shares of the utilities provider’s stock after selling 16,156 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Edison International were worth $1,363,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in EIX. Avior Wealth Management LLC increased its position in Edison International by 4.7% in the second quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider’s stock worth $220,000 after buying an additional 134 shares during the period. Equitable Trust Co. lifted its stake in Edison International by 0.8% in the first quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock valued at $1,435,000 after buying an additional 148 shares during the last quarter. Altshuler Shaham Ltd lifted its stake in Edison International by 36.6% in the first quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock valued at $42,000 after buying an additional 155 shares during the last quarter. Cidel Asset Management Inc. boosted its holdings in shares of Edison International by 3.0% during the second quarter. Cidel Asset Management Inc. now owns 6,088 shares of the utilities provider’s stock valued at $453,000 after acquiring an additional 178 shares during the period. Finally, Paladin Wealth LLC boosted its holdings in shares of Edison International by 6.3% during the second quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider’s stock valued at $226,000 after acquiring an additional 181 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Edison International Stock Up 0.7%

Edison International stock opened at $57.73 on Tuesday. The firm has a market cap of $22.21 billion, a PE ratio of 8.00, a P/E/G ratio of 2.43 and a beta of 0.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The firm’s 50 day moving average price is $59.20 and its two-hundred day moving average price is $67.76. Edison International has a twelve month low of $51.10 and a twelve month high of $81.62.

Edison International (NYSE:EIX) last released its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company’s revenue was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts predict that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Wednesday, October 7th will be paid a $0.8775 dividend. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 6.1%. Edison International’s dividend payout ratio is 36.19%.

Insider Activity

In related news, Director Peter Taylor sold 500 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $55.56, for a total transaction of $27,780.00. Following the completion of the sale, the director directly owned 33,212 shares in the company, valued at approximately $1,845,258.72. This trade represents a 1.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Mizuho restated a “neutral” rating and set a $70.00 price target (down from $86.00) on shares of Edison International in a research report on Monday, August 31st. Barclays cut their price objective on shares of Edison International from $75.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, October 9th. Argus reissued a “hold” rating on shares of Edison International in a research note on Wednesday, August 26th. Weiss Ratings downgraded Edison International from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, September 10th. Finally, Jefferies Financial Group restated an “underperform” rating and set a $42.00 price objective (down from $53.00) on shares of Edison International in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $60.58.

Edison International Company Profile

Edison International (NYSE: EIX) is an electric power holding company based in California. Its principal subsidiary, Southern California Edison (SCE), is one of the largest electric utilities in the United States and delivers electricity across central, coastal and Southern California. SCE serves millions of residential, commercial and industrial customers through an extensive transmission and distribution network.

Edison International’s operations are focused on the generation, transmission and distribution of electricity, as well as supporting the transition to cleaner energy.