Versor Investments LP Has $2.60 Million Position in Edison International $EIX

Versor Investments LP reduced its position in shares of Edison International (NYSE:EIX) by 16.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 43,317 shares of the utilities provider’s stock after selling 8,513 shares during the period. Versor Investments LP’s holdings in Edison International were worth $2,600,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Activest Wealth Management increased its stake in shares of Edison International by 677.8% in the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 488 shares during the last quarter. CVA Family Office LLC increased its stake in shares of Edison International by 113.7% in the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 307 shares during the last quarter. Ransom Advisory Ltd increased its stake in shares of Edison International by 74.9% in the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 259 shares during the last quarter. Quent Capital LLC acquired a new position in shares of Edison International in the third quarter worth $40,000. Finally, Ameriflex Group Inc. increased its stake in shares of Edison International by 100.0% in the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 371 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EIX. UBS Group downgraded shares of Edison International from a “buy” rating to a “neutral” rating and upped their price target for the stock from $70.00 to $78.00 in a research note on Friday, February 13th. Bank of America dropped their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Seaport Research Partners downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Truist Financial began coverage on shares of Edison International in a research note on Monday, April 20th. They issued a “hold” rating and a $82.00 price target on the stock. Finally, LADENBURG THALM/SH SH reaffirmed a “sell” rating and issued a $63.00 price target on shares of Edison International in a research note on Thursday, March 5th. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $72.82.

Insider Activity

In other 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 value of $37,650.00. Following the sale, the director directly owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. This trade represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Edison International Trading Up 2.3%

Edison International stock opened at $70.55 on Tuesday. 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 company has a market capitalization of $27.15 billion, a price-to-earnings ratio of 7.66, a PEG ratio of 1.19 and a beta of 0.68. Edison International has a one year low of $47.73 and a one year high of $76.21. The company’s fifty day moving average price is $71.49 and its two-hundred day moving average price is $64.71.

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. The firm 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 business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts forecast that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th were given a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, April 7th. Edison International’s dividend payout ratio is presently 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.