Wick Capital Partners LLC Acquires New Holdings in Edison International $EIX

Wick Capital Partners LLC bought a new position in Edison International (NYSE:EIX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,266 shares of the utilities provider’s stock, valued at approximately $436,000.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in Edison International by 5.3% during the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock valued at $190,000 after buying an additional 159 shares during the last quarter. LVW Advisors LLC boosted its stake in shares of Edison International by 4.6% in the 4th quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock worth $254,000 after buying an additional 186 shares during the last quarter. Huntington National Bank grew its holdings in shares of Edison International by 6.2% in 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 period. Diligent Investors LLC grew its holdings in shares of Edison International by 1.5% in 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 period. Finally, Empowered Funds LLC grew its holdings in shares of Edison International by 2.4% in 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 period. Institutional investors own 88.95% of the company’s stock.

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the firm’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 owned 34,212 shares of the company’s stock, valued at $2,576,163.60. This trade represents 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 hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. JPMorgan Chase & Co. increased their target price on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Bank of America cut their price target on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research note 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. Barclays lowered their price objective on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Finally, Seaport Research Partners downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $72.64.

Edison International Trading Down 0.2%

NYSE:EIX opened at $71.77 on Friday. Edison International has a one year low of $49.14 and a one year high of $76.21. The business has a fifty day moving average price of $70.80 and a 200-day moving average price of $67.41. The firm has a market capitalization of $27.61 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 1.25 and a beta of 0.67. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $4.15 billion. During the same period in the previous year, the business earned $1.37 earnings per share. Edison International’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. Sell-side analysts forecast that Edison International will post 6.12 EPS for the current year.

Edison International Company 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.