HB Wealth Management LLC Buys 7,164 Shares of Edison International $EIX

HB Wealth Management LLC boosted its position in shares of Edison International (NYSE:EIX) by 41.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,515 shares of the utilities provider’s stock after buying an additional 7,164 shares during the quarter. HB Wealth Management LLC’s holdings in Edison International were worth $1,794,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of EIX. UMB Bank n.a. grew its holdings in Edison International by 5.3% during the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock valued at $190,000 after purchasing an additional 159 shares during the last quarter. LVW Advisors LLC boosted its position in shares of Edison International by 4.6% during the fourth quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock valued at $254,000 after buying an additional 186 shares during the period. Huntington National Bank grew its stake in shares of Edison International by 6.2% during the fourth quarter. Huntington National Bank now owns 3,351 shares of the utilities provider’s stock valued at $201,000 after buying an additional 196 shares during the last quarter. Diligent Investors LLC raised its holdings in shares of Edison International by 1.5% in 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. Finally, Empowered Funds LLC lifted its holdings in Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after buying an additional 211 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on EIX shares. Truist Financial dropped their target price on shares of Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Wells Fargo & Company reiterated an “underweight” rating and issued a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. Finally, Bank of America cut their price target on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Four research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $72.64.

Insiders Place Their Bets

In other Edison International 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 value 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by company insiders.

Edison International Stock Performance

Shares of NYSE:EIX opened at $74.93 on Tuesday. The company has a market capitalization of $28.83 billion, a price-to-earnings ratio of 8.04, a price-to-earnings-growth ratio of 1.31 and a beta of 0.66. Edison International has a 52 week low of $49.14 and a 52 week high of $76.21. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The firm has a 50 day moving average of $71.28 and a 200 day moving average of $68.66.

Edison International (NYSE:EIX) last announced its 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 analysts’ expectations of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, sell-side analysts predict that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be paid a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 4.7%. The ex-dividend date is Tuesday, July 7th. Edison International’s payout ratio is 38.11%.

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.