Blackhawk Capital Partners LLC Reduces Stock Position in Edison International $EIX

Blackhawk Capital Partners LLC decreased its holdings in Edison International (NYSE:EIX) by 23.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,622 shares of the utilities provider’s stock after selling 9,499 shares during the period. Blackhawk Capital Partners LLC’s holdings in Edison International were worth $2,241,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 10Elms LLP purchased a new stake in Edison International during the fourth quarter valued at approximately $26,000. Transamerica Financial Advisors LLC boosted its holdings in shares of Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 281 shares during the period. Ransom Advisory Ltd increased its position in shares of Edison International by 74.9% during the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 259 shares during the last quarter. Quest 10 Wealth Builders Inc. increased its position in shares of Edison International by 866.7% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 702 shares during the last quarter. Finally, DV Equities LLC purchased a new stake in Edison International during the 4th quarter valued at $52,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 0.1%

Shares of NYSE:EIX opened at $76.64 on Thursday. The business’s 50 day moving average is $72.35 and its 200 day moving average is $69.54. The stock has a market cap of $29.49 billion, a P/E ratio of 8.32, a price-to-earnings-growth ratio of 1.33 and a beta of 0.66. Edison International has a 52-week low of $50.45 and a 52-week high of $77.95. 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 issued its earnings results 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 business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same period in the previous year, the company posted $1.37 EPS. Edison International’s 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. Sell-side analysts predict that Edison International will post 6.12 EPS for the current year.

Edison International Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EIX shares. Wells Fargo & Company reissued an “underweight” rating and issued a $62.00 target price on shares of Edison International in a research note on Tuesday, April 21st. Truist Financial dropped 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. Bank of America reduced their price objective on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Edison International in a research note on Monday. Finally, Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Four equities research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $72.73.

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.