Eurizon Capital SGR S.p.A. Buys Shares of 276,500 Edison International $EIX

Eurizon Capital SGR S.p.A. bought a new stake in Edison International (NYSE:EIX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 276,500 shares of the utilities provider’s stock, valued at approximately $16,599,000.

A number of other institutional investors have also recently added to or reduced their stakes in EIX. Ransom Advisory Ltd lifted its stake 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 acquiring an additional 259 shares during the last quarter. Ameriflex Group Inc. lifted its stake in Edison International by 100.0% in the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock valued at $41,000 after acquiring an additional 371 shares during the last quarter. Quest 10 Wealth Builders Inc. lifted its stake in Edison International by 866.7% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 702 shares during the last quarter. MUFG Securities EMEA plc acquired a new stake in Edison International in the second quarter valued at approximately $59,000. Finally, SBI Securities Co. Ltd. lifted its stake in Edison International by 90.0% in the third quarter. SBI Securities Co. Ltd. now owns 1,214 shares of the utilities provider’s stock valued at $67,000 after acquiring an additional 575 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Edison International

In related news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction on Monday, April 13th. The shares were sold at an average price of $75.30, for a total transaction of $37,650.00. Following the transaction, the director owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Morgan Stanley dropped their price target on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 21st. Wells Fargo & Company reissued an “underweight” rating and issued a $62.00 price target on shares of Edison International in a research report on Tuesday, April 21st. Bank of America dropped their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Weiss Ratings raised shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. Finally, TD Cowen lifted their price target on shares of Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $72.64.

Edison International Trading Up 0.1%

NYSE:EIX opened at $69.98 on Monday. Edison International has a 12 month low of $47.73 and a 12 month high of $76.21. The firm has a market cap of $26.93 billion, a price-to-earnings ratio of 7.60, a P/E/G ratio of 1.21 and a beta of 0.67. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The company’s 50 day moving average is $70.95 and its 200-day moving average is $66.09.

Edison International (NYSE:EIX) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the firm posted $1.37 earnings per share. The company’s quarterly revenue 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. Equities analysts anticipate that Edison International will post 6.12 EPS for the current year.

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.