Edison International $EIX Shares Sold by Brookstone Capital Management

Brookstone Capital Management lessened its holdings in Edison International (NYSE:EIX) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 207,099 shares of the utilities provider’s stock after selling 13,292 shares during the quarter. Brookstone Capital Management’s holdings in Edison International were worth $12,430,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EIX. Activest Wealth Management boosted its position in shares of Edison International by 677.8% during the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 488 shares in the last quarter. CVA Family Office LLC raised its position in shares of Edison International by 113.7% during the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 307 shares in the last quarter. Ransom Advisory Ltd raised its position in shares of Edison International by 74.9% during 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. CoreFirst Bank & Trust purchased a new stake in Edison International during the second quarter worth approximately $38,000. Finally, Quent Capital LLC purchased a new stake in Edison International during the third quarter worth approximately $40,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Stock Performance

NYSE EIX opened at $73.16 on Wednesday. The firm has a market cap of $28.16 billion, a P/E ratio of 6.33, a P/E/G ratio of 1.16 and a beta of 0.79. Edison International has a 52-week low of $47.73 and a 52-week high of $75.50. The business’s 50-day moving average price is $69.12 and its 200 day moving average price is $61.69. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 1.92.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the business earned $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. On average, equities research analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be paid a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, April 7th. Edison International’s dividend payout ratio is 30.36%.

Analyst Upgrades and Downgrades

Several brokerages have commented on EIX. Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. TD Cowen boosted their price objective on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research report on Monday, December 29th. Barclays lifted their price target on shares of Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Finally, UBS Group cut shares of Edison International from a “buy” rating to a “neutral” rating and boosted their price target for the company from $70.00 to $78.00 in a research report on Friday, February 13th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $69.44.

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.