Alps Advisors Inc. Boosts Holdings in Edison International $EIX

Alps Advisors Inc. grew its position in Edison International (NYSE:EIX) by 1,836.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 458,170 shares of the utilities provider’s stock after buying an additional 434,507 shares during the period. Alps Advisors Inc.’s holdings in Edison International were worth $27,499,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. LVW Advisors LLC grew its position in Edison International by 4.6% during the fourth quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock worth $254,000 after buying an additional 186 shares during the period. Huntington National Bank grew its position in Edison International by 6.2% during the fourth quarter. Huntington National Bank now owns 3,351 shares of the utilities provider’s stock worth $201,000 after buying an additional 196 shares during the period. Diligent Investors LLC grew its position in Edison International by 1.5% during the third quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock worth $768,000 after buying an additional 201 shares during the period. Empowered Funds LLC grew its position in Edison International by 2.4% during the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after buying an additional 211 shares during the period. Finally, Addison Advisors LLC grew its position in Edison International by 23.3% during the fourth quarter. Addison Advisors LLC now owns 1,192 shares of the utilities provider’s stock worth $72,000 after buying an additional 225 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 1.2%

Shares of NYSE EIX opened at $72.37 on Friday. Edison International has a 12-month low of $47.73 and a 12-month high of $76.21. The company has a market capitalization of $27.85 billion, a PE ratio of 7.86, a price-to-earnings-growth ratio of 1.24 and a beta of 0.67. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. The firm’s 50-day moving average is $70.99 and its two-hundred day moving average is $66.92.

Edison International (NYSE:EIX) last announced 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 company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company’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 earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts anticipate that Edison International will post 6.12 EPS for the current fiscal year.

Analyst Ratings Changes

EIX has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. UBS Group lowered shares of Edison International from a “buy” rating to a “neutral” rating and upped their target price for the stock from $70.00 to $78.00 in a research report on Friday, February 13th. Mizuho set a $79.00 target price on shares of Edison International in a research report on Thursday, February 19th. Morgan Stanley reduced their price target on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a report on Tuesday, April 21st. Finally, Seaport Research Partners downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $72.64.

Insider Activity

In related news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction that occurred 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 owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

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.