7,191 Shares in Edison International $EIX Acquired by Center For Asset Management LLC

Center For Asset Management LLC bought a new stake in shares of Edison International (NYSE:EIX) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,191 shares of the utilities provider’s stock, valued at approximately $526,000.

A number of other large investors have also recently added to or reduced their stakes in EIX. Diversified Trust Co increased its holdings in shares of Edison International by 31.0% in the first quarter. Diversified Trust Co now owns 13,780 shares of the utilities provider’s stock valued at $1,008,000 after buying an additional 3,257 shares in the last quarter. Paladin Wealth LLC acquired a new position in shares of Edison International in the 1st quarter worth $209,000. J. Derek Lewis & Associates Inc. acquired a new position in shares of Edison International in the 4th quarter worth $659,000. Hsbc Holdings PLC raised its position in shares of Edison International by 2.2% during the fourth quarter. Hsbc Holdings PLC now owns 3,102,735 shares of the utilities provider’s stock worth $186,305,000 after purchasing an additional 66,680 shares during the period. Finally, Stance Capital LLC raised its position in shares of Edison International by 7,860.5% during the fourth quarter. Stance Capital LLC now owns 55,246 shares of the utilities provider’s stock worth $3,316,000 after purchasing an additional 54,552 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Edison International Price Performance

EIX opened at $71.77 on Monday. The firm has a market capitalization of $27.61 billion, a P/E ratio of 7.79, a PEG ratio of 1.25 and a beta of 0.67. The stock has a fifty day moving average of $70.80 and a 200-day moving average of $67.47. 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 has a 12-month low of $49.14 and a 12-month high of $76.21.

Edison International (NYSE:EIX) last issued its quarterly 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. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts forecast that Edison International will post 6.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EIX has been the subject of several analyst reports. 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. Bank of America cut their price objective on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Barclays reduced their price objective on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Morgan Stanley decreased their target price on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating for the company in a report on Tuesday, April 21st. Finally, Weiss Ratings raised shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $72.64.

Insider Buying and Selling

In other Edison International news, Director Peter J. Taylor sold 500 shares of the firm’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the completion of the sale, the director directly owned 34,212 shares in the company, valued at approximately $2,576,163.60. This trade represents a 1.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

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.