HighTower Advisors LLC Increases Holdings in Edison International $EIX

HighTower Advisors LLC lifted its position in shares of Edison International (NYSE:EIX) by 19.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,011 shares of the utilities provider’s stock after buying an additional 7,601 shares during the period. HighTower Advisors LLC’s holdings in Edison International were worth $2,762,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EIX. SG Americas Securities LLC raised its holdings in shares of Edison International by 2,970.8% during the 4th quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock valued at $77,863,000 after buying an additional 1,255,034 shares in the last quarter. Man Group plc raised its holdings in shares of Edison International by 109.6% during the 2nd quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock valued at $119,409,000 after buying an additional 1,209,964 shares in the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Edison International by 71.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,425,926 shares of the utilities provider’s stock valued at $134,105,000 after buying an additional 1,009,508 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Edison International by 8.0% during the 3rd quarter. AQR Capital Management LLC now owns 10,763,984 shares of the utilities provider’s stock valued at $595,033,000 after buying an additional 801,082 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Edison International by 59.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,062,035 shares of the utilities provider’s stock valued at $113,989,000 after buying an additional 765,562 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EIX has been the topic of a number of research reports. Mizuho set a $79.00 price objective on Edison International in a report on Thursday, February 19th. JPMorgan Chase & Co. raised their price objective on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Barclays decreased their price objective on Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, TD Cowen lifted their price target on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $72.64.

Insider Buying and Selling at Edison International

In other news, Director Peter J. Taylor sold 500 shares of Edison International stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Price Performance

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

Edison International (NYSE:EIX) last issued its quarterly earnings data 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. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts anticipate that Edison International will post 6.12 earnings per share 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.