Elevation Point Wealth Partners LLC Invests $636,000 in Edison International $EIX

Elevation Point Wealth Partners LLC acquired a new stake in shares of Edison International (NYSE:EIX) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 8,688 shares of the utilities provider’s stock, valued at approximately $636,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC raised its position in Edison International by 69.9% in the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after purchasing an additional 7,521,168 shares during the last quarter. Norges Bank acquired a new position in shares of Edison International in the fourth quarter valued at approximately $339,311,000. Goldman Sachs Group Inc. increased its stake in shares of Edison International by 41.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock valued at $329,924,000 after buying an additional 1,609,847 shares during the period. SG Americas Securities LLC raised its holdings in Edison International by 2,970.8% in the 4th quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock valued at $77,863,000 after buying an additional 1,255,034 shares during the last quarter. Finally, Man Group plc raised its holdings in Edison International by 109.6% in the 2nd quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock valued at $119,409,000 after buying an additional 1,209,964 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on EIX. Wells Fargo & Company reissued an “underweight” rating and set a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. Bank of America dropped their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Barclays cut their price target 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. Morgan Stanley restated an “underweight” rating on shares of Edison International in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. raised their target price on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Edison International currently has a consensus rating of “Hold” and an average price target of $72.64.

Edison International Stock Up 1.2%

Edison International stock opened at $75.72 on Wednesday. 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 has a 52-week low of $49.14 and a 52-week high of $76.39. The firm has a 50 day moving average price of $71.51 and a two-hundred day moving average price of $68.89. The firm has a market cap of $29.14 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 1.30 and a beta of 0.66.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates 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%. The company’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts predict that Edison International will post 6.12 EPS for the current year.

Edison International Dividend Announcement

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

Insider Activity at Edison International

In other Edison International news, Director Peter J. Taylor sold 500 shares of the business’s 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 transaction, the director directly owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by 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.