Virtu Financial LLC Takes $619,000 Position in Edison International $EIX

Virtu Financial LLC bought a new stake in shares of Edison International (NYSE:EIX) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,308 shares of the utilities provider’s stock, valued at approximately $619,000.

A number of other hedge funds also recently modified their holdings of the business. Wick Capital Partners LLC purchased a new stake in Edison International in the 4th quarter worth approximately $525,000. Compound Planning Inc. grew its holdings in shares of Edison International by 6.4% during the 4th quarter. Compound Planning Inc. now owns 4,915 shares of the utilities provider’s stock valued at $295,000 after acquiring an additional 295 shares in the last quarter. Invesco Ltd. increased its stake in shares of Edison International by 2.9% in the fourth quarter. Invesco Ltd. now owns 5,316,463 shares of the utilities provider’s stock worth $319,094,000 after acquiring an additional 147,723 shares during the last quarter. Michels Family Financial LLC increased its stake in shares of Edison International by 2.5% in the fourth quarter. Michels Family Financial LLC now owns 15,595 shares of the utilities provider’s stock worth $936,000 after acquiring an additional 378 shares during the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of Edison International by 68.9% during the fourth quarter. Corient Private Wealth LLC now owns 37,525 shares of the utilities provider’s stock worth $2,252,000 after acquiring an additional 15,305 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

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

Edison International Stock Up 0.2%

EIX stock opened at $72.07 on Tuesday. The firm has a market cap of $27.73 billion, a PE ratio of 7.82, a PEG ratio of 1.25 and a beta of 0.67. Edison International has a 1 year low of $49.14 and a 1 year high of $76.21. The company has a fifty day simple moving average of $70.72 and a 200 day simple moving average of $67.58. 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 posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the business posted $1.37 earnings per share. The business’s quarterly 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 anticipate that Edison International will post 6.12 EPS for the current fiscal year.

Insider Activity

In other news, Director Peter J. Taylor sold 500 shares of the 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 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

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.