Copley Financial Group Inc. Takes Position in Edison International $EIX

Copley Financial Group Inc. purchased a new position in Edison International (NYSE:EIX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,357 shares of the utilities provider’s stock, valued at approximately $442,000.

Other large investors also recently bought and sold shares of the company. Gradient Investments LLC increased its stake in Edison International by 949.8% in the 4th quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock worth $15,789,000 after buying an additional 237,999 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Edison International by 5.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock valued at $260,859,000 after buying an additional 220,785 shares during the period. Nordea Investment Management AB boosted its position in Edison International by 5.6% in the 4th quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider’s stock valued at $108,204,000 after buying an additional 94,727 shares during the period. Victory Capital Management Inc. grew its stake in Edison International by 59.0% in the 3rd quarter. Victory Capital Management Inc. now owns 2,062,035 shares of the utilities provider’s stock worth $113,989,000 after acquiring an additional 765,562 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in Edison International by 128.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider’s stock worth $1,444,000 after acquiring an additional 13,375 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Insider Transactions at Edison International

In other news, Director Peter J. Taylor sold 500 shares of Edison International 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 transaction, 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 legal filing with the SEC, which can be accessed 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 Analyst Weigh In

Several research firms have recently weighed in on EIX. Weiss Ratings raised shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 15th. Bank of America dropped their price objective on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. LADENBURG THALM/SH SH restated a “sell” rating and set a $63.00 price objective on shares of Edison International in a report on Thursday, March 5th. JPMorgan Chase & Co. lifted their target price on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Finally, TD Cowen upped their target price on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $72.64.

Edison International Price Performance

Shares of EIX opened at $72.08 on Wednesday. The company has a 50 day moving average price of $70.92 and a 200-day moving average price of $67.21. 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 capitalization of $27.74 billion, a PE ratio of 7.83, a PEG ratio of 1.25 and a beta of 0.67. 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, beating the consensus estimate of $1.32 by $0.10. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. Edison International’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the company posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities 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.