EverSource Wealth Advisors LLC Grows Stock Holdings in Edison International $EIX

EverSource Wealth Advisors LLC increased its stake in shares of Edison International (NYSE:EIX) by 86.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,502 shares of the utilities provider’s stock after acquiring an additional 9,027 shares during the period. EverSource Wealth Advisors LLC’s holdings in Edison International were worth $1,170,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of EIX. Jones Financial Companies Lllp grew its stake in shares of Edison International by 112.9% in the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after purchasing an additional 5,190 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares during the last quarter. Woodline Partners LP grew its stake in shares of Edison International by 40.7% in the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after purchasing an additional 9,459 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Edison International by 153.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after purchasing an additional 5,290 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new position in shares of Edison International in the 2nd quarter valued at approximately $302,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $75.30, for a total value of $37,650.00. Following the completion of the transaction, the director directly owned 34,212 shares of the company’s stock, valued at $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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.

Wall Street Analyst Weigh In

EIX has been the topic of several analyst reports. Morgan Stanley lowered their target price on Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 21st. Mizuho set a $79.00 target price on Edison International in a research note on Thursday, February 19th. Wells Fargo & Company reiterated an “underweight” rating and issued a $62.00 target price on shares of Edison International in a research note on Tuesday, April 21st. Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Truist Financial lowered their target price on Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Edison International presently has an average rating of “Hold” and an average target price of $72.64.

Edison International Stock Performance

NYSE EIX opened at $71.34 on Monday. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $76.21. The stock has a market cap of $27.45 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 1.23 and a beta of 0.68. The business has a fifty day moving average of $71.09 and a 200-day moving average of $65.59. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98.

Edison International (NYSE:EIX) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the firm posted $1.37 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts predict that Edison International will post 6.12 earnings per share for the current fiscal year.

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.