Bank of New York Mellon Corp Has $220 Million Stock Position in Edison International $EIX

Bank of New York Mellon Corp boosted its position in Edison International (NYSE:EIX) by 20.3% in the 4th quarter, HoldingsChannel reports. The firm owned 3,665,365 shares of the utilities provider’s stock after acquiring an additional 617,653 shares during the period. Bank of New York Mellon Corp’s holdings in Edison International were worth $219,995,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. LVW Advisors LLC lifted its stake in Edison International by 4.6% in the 4th quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 186 shares during the last quarter. Huntington National Bank lifted its position in Edison International by 6.2% during the fourth quarter. Huntington National Bank now owns 3,351 shares of the utilities provider’s stock worth $201,000 after acquiring an additional 196 shares during the last quarter. Diligent Investors LLC lifted its position in Edison International by 1.5% during the third quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock worth $768,000 after acquiring an additional 201 shares during the last quarter. Empowered Funds LLC lifted its position in Edison International by 2.4% during the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after acquiring an additional 211 shares during the last quarter. Finally, Addison Advisors LLC lifted its position in Edison International by 23.3% during the fourth quarter. Addison Advisors LLC now owns 1,192 shares of the utilities provider’s stock worth $72,000 after acquiring an additional 225 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wells Fargo & Company restated an “underweight” rating and set a $62.00 price objective on shares of Edison International in a research report on Tuesday, April 21st. Barclays cut their price objective on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. JPMorgan Chase & Co. raised their price objective on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Mizuho set a $79.00 price objective on shares of Edison International in a research report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.64.

Edison International Stock Performance

NYSE EIX opened at $73.46 on Friday. The firm’s fifty day moving average price is $70.99 and its two-hundred day moving average price is $66.49. The stock has a market cap of $28.27 billion, a PE ratio of 7.98, a PEG ratio of 1.24 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 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities analysts expect that Edison International will post 6.12 EPS for the current fiscal year.

Insider Activity

In other news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $75.30, for a total value of $37,650.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by corporate insiders.

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.