Brandywine Global Investment Management LLC Cuts Stake in Edison International $EIX

Brandywine Global Investment Management LLC lessened its holdings in shares of Edison International (NYSE:EIX) by 0.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,043,859 shares of the utilities provider’s stock after selling 9,065 shares during the period. Brandywine Global Investment Management LLC’s holdings in Edison International were worth $62,652,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Versor Investments LP raised its stake in Edison International by 55.0% during the 3rd quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock worth $2,865,000 after acquiring an additional 18,381 shares in the last quarter. Gradient Investments LLC boosted its stake in Edison International by 949.8% in the fourth quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock valued at $15,789,000 after acquiring an additional 237,999 shares in the last quarter. Krilogy Financial LLC grew its holdings in shares of Edison International by 141.8% during the third quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock worth $1,705,000 after purchasing an additional 17,616 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Edison International by 5.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock worth $260,859,000 after purchasing an additional 220,785 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Edison International by 5.6% during the fourth quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider’s stock worth $108,204,000 after purchasing an additional 94,727 shares in the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. LADENBURG THALM/SH SH reissued a “sell” rating and issued a $63.00 target price on shares of Edison International in a report on Thursday, March 5th. Morgan Stanley cut their price target on Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 21st. Truist Financial reduced their price objective on Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, May 18th. JPMorgan Chase & Co. increased 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. Finally, Barclays lowered their target price on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $72.64.

Insider Buying and Selling at Edison International

In related 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 $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 currently owned by company insiders.

Edison International Trading Up 0.2%

Shares of Edison International stock opened at $73.46 on Monday. The firm has a market cap of $28.27 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 1.27 and a beta of 0.67. Edison International has a 52-week low of $47.73 and a 52-week high of $76.21. The company’s 50-day simple moving average is $70.99 and its 200-day simple moving average is $66.55. 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 announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the company earned $1.37 EPS. The firm’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, 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.