Ascent Group LLC Buys 13,431 Shares of Edison International $EIX

Ascent Group LLC grew its position in Edison International (NYSE:EIX) by 64.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,229 shares of the utilities provider’s stock after purchasing an additional 13,431 shares during the period. Ascent Group LLC’s holdings in Edison International were worth $2,054,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Activest Wealth Management increased 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 purchasing an additional 488 shares in the last quarter. CVA Family Office LLC boosted its position in Edison International by 113.7% in the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after buying an additional 307 shares in the last quarter. Ransom Advisory Ltd boosted its position in Edison International by 74.9% in the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after buying an additional 259 shares in the last quarter. CoreFirst Bank & Trust bought a new stake in Edison International during the second quarter worth about $38,000. Finally, Quent Capital LLC bought a new stake in Edison International during the third quarter worth about $40,000. Institutional investors own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wall Street Zen cut shares of Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. TD Cowen increased their price target on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Zacks Research cut Edison International from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. UBS Group downgraded Edison International from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $70.00 to $78.00 in a research report on Friday, February 13th. Finally, Jefferies Financial Group reduced their price objective on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $69.44.

Edison International Stock Up 0.0%

Shares of EIX opened at $73.49 on Monday. The business’s fifty day moving average price is $69.90 and its two-hundred day moving average price is $62.07. The firm has a market capitalization of $28.29 billion, a price-to-earnings ratio of 6.36, a PEG ratio of 1.19 and a beta of 0.77. Edison International has a 52 week low of $47.73 and a 52 week high of $75.50. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73.

Edison International (NYSE:EIX) last released its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The company had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. 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, analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

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

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.