ABN Amro Investment Solutions Raises Stock Position in Edison International $EIX

ABN Amro Investment Solutions boosted its stake in Edison International (NYSE:EIX) by 123.2% in the fourth quarter, HoldingsChannel reports. The firm owned 33,857 shares of the utilities provider’s stock after acquiring an additional 18,688 shares during the period. ABN Amro Investment Solutions’ holdings in Edison International were worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of EIX. Vanguard Group Inc. increased its holdings in shares of Edison International by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock worth $3,134,268,000 after buying an additional 480,726 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Edison International by 8.0% in the third quarter. AQR Capital Management LLC now owns 10,763,984 shares of the utilities provider’s stock valued at $595,033,000 after acquiring an additional 801,082 shares during the period. Northern Trust Corp lifted its holdings in shares of Edison International by 11.2% in the 3rd quarter. Northern Trust Corp now owns 5,407,847 shares of the utilities provider’s stock worth $298,946,000 after acquiring an additional 545,344 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Edison International by 3.7% during the 3rd quarter. Legal & General Group Plc now owns 4,561,255 shares of the utilities provider’s stock worth $252,146,000 after purchasing an additional 162,336 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Edison International by 5.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock valued at $260,859,000 after purchasing an additional 220,785 shares during the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Peter J. Taylor sold 500 shares of the firm’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $75.30, for a total transaction of $37,650.00. Following the completion of the sale, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Edison International Stock Up 1.5%

Shares of EIX opened at $71.34 on Friday. The stock has a 50 day moving average price of $71.09 and a 200 day moving average price of $65.52. Edison International has a one year low of $47.73 and a one year high of $76.21. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The stock has a market capitalization of $27.45 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 1.22 and a beta of 0.68.

Edison International (NYSE:EIX) last announced its quarterly earnings data 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 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 was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts forecast that Edison International will post 6.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on EIX shares. Weiss Ratings raised shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 15th. Mizuho set a $79.00 target price on shares of Edison International in a research report on Thursday, February 19th. UBS Group downgraded shares of Edison International from a “buy” rating to a “neutral” rating and raised their target price for the company from $70.00 to $78.00 in a research note on Friday, February 13th. TD Cowen raised their price objective on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Finally, Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $72.64.

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.