AlTi Global Inc. Sells 13,966 Shares of Edison International $EIX

AlTi Global Inc. lowered its holdings in shares of Edison International (NYSE:EIX) by 13.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,538 shares of the utilities provider’s stock after selling 13,966 shares during the period. AlTi Global Inc.’s holdings in Edison International were worth $6,442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of EIX. 10Elms LLP acquired a new position in Edison International in the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC grew its stake 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 valued at $27,000 after purchasing an additional 281 shares during the period. Quest 10 Wealth Builders Inc. raised its holdings in shares of Edison International by 866.7% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after buying an additional 702 shares in the last quarter. DV Equities LLC acquired a new position in shares of Edison International in the 4th quarter worth approximately $52,000. Finally, McMillan Office Inc. bought a new position in shares of Edison International during the 4th quarter worth approximately $55,000. Institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on EIX shares. Barclays boosted their price target on Edison International from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Truist Financial cut their price objective on Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a report on Monday, May 18th. JPMorgan Chase & Co. lifted their price objective on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Wells Fargo & Company restated an “underweight” rating and issued a $62.00 target price on shares of Edison International in a research note on Tuesday, April 21st. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a report on Wednesday, June 24th. 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. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $72.73.

Edison International Stock Down 0.1%

NYSE EIX opened at $77.58 on Monday. The stock has a fifty day moving average of $72.71 and a 200-day moving average of $69.80. The stock has a market capitalization of $29.85 billion, a P/E ratio of 8.42, a price-to-earnings-growth ratio of 6.04 and a beta of 0.66. Edison International has a 52 week low of $50.85 and a 52 week high of $79.88. 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 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. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts forecast that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be issued a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, July 7th. Edison International’s payout ratio is currently 38.11%.

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.