Corient Private Wealth LLC Buys 15,559 Shares of Edison International $EIX

Corient Private Wealth LLC boosted its stake in Edison International (NYSE:EIX) by 70.0% in the fourth quarter, HoldingsChannel reports. The firm owned 37,779 shares of the utilities provider’s stock after buying an additional 15,559 shares during the period. Corient Private Wealth LLC’s holdings in Edison International were worth $2,234,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EIX. Jones Financial Companies Lllp increased its position in Edison International by 112.9% in the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after buying an additional 5,190 shares in the last quarter. Empowered Funds LLC grew its stake in Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after acquiring an additional 211 shares during the period. Woodline Partners LP grew its stake in Edison International by 40.7% in the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after acquiring an additional 9,459 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Edison International by 153.6% during the second quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after acquiring an additional 5,290 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in shares of Edison International during the second quarter valued at approximately $302,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Stock Performance

Shares of Edison International stock opened at $75.58 on Monday. Edison International has a 52 week low of $49.14 and a 52 week high of $76.21. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The business has a 50 day moving average price of $70.83 and a 200-day moving average price of $68.06. The company has a market cap of $29.08 billion, a PE ratio of 8.21, a price-to-earnings-growth ratio of 1.31 and a beta of 0.67.

Edison International (NYSE:EIX) last announced its earnings results 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. 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 analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the firm earned $1.37 earnings per share. Edison International’s quarterly revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts anticipate that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.8775 per share. The ex-dividend date is Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.6%. Edison International’s dividend payout ratio (DPR) is 38.11%.

Insider Transactions at Edison International

In other Edison International news, Director Peter J. Taylor sold 500 shares of Edison International stock in a transaction on Monday, April 13th. The shares were sold at an average price of $75.30, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EIX. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a report on Wednesday. Truist Financial decreased their price target on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, May 18th. 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 report on Wednesday, April 29th. Wells Fargo & Company reiterated an “underweight” rating and set a $62.00 price objective on shares of Edison International in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $72.64.

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.