Allianz Asset Management GmbH Buys 1,160,525 Shares of Edison International $EIX

Allianz Asset Management GmbH grew its stake in shares of Edison International (NYSE:EIX) by 47.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,586,451 shares of the utilities provider’s stock after purchasing an additional 1,160,525 shares during the period. Allianz Asset Management GmbH’s holdings in Edison International were worth $215,259,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ransom Advisory Ltd increased its holdings in Edison International by 74.9% during the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. Ameriflex Group Inc. increased its holdings in Edison International by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 371 shares in the last quarter. Quest 10 Wealth Builders Inc. grew its holdings in shares of Edison International by 866.7% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 702 shares in the last quarter. MUFG Securities EMEA plc bought a new position in shares of Edison International in the second quarter valued at approximately $59,000. Finally, Addison Advisors LLC grew its holdings in shares of Edison International by 23.3% in the fourth quarter. Addison Advisors LLC now owns 1,192 shares of the utilities provider’s stock valued at $72,000 after acquiring an additional 225 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EIX has been the subject of several recent analyst reports. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. JPMorgan Chase & Co. upped 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. Finally, Mizuho set a $79.00 target price on Edison International in a report on Thursday, February 19th. Four equities 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $72.64.

Insider Activity

In other Edison International news, Director Peter J. Taylor sold 500 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the sale, the director owned 34,212 shares in the company, valued at $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by corporate insiders.

Edison International Price Performance

Shares of NYSE EIX opened at $71.25 on Wednesday. The stock has a fifty day simple moving average of $71.01 and a two-hundred day simple moving average of $66.73. Edison International has a 1-year low of $47.73 and a 1-year high of $76.21. The firm has a market cap of $27.42 billion, a price-to-earnings ratio of 7.74, a price-to-earnings-growth ratio of 1.23 and a beta of 0.67. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98.

Edison International (NYSE:EIX) last announced its quarterly earnings data 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. The business had revenue of $4.10 billion during 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%.Edison International’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts anticipate that Edison International will post 6.12 earnings per share 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.