HighTower Advisors LLC Acquires 7,601 Shares of Edison International $EIX

HighTower Advisors LLC raised its holdings in Edison International (NYSE:EIX) by 19.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 46,011 shares of the utilities provider’s stock after buying an additional 7,601 shares during the quarter. HighTower Advisors LLC’s holdings in Edison International were worth $2,762,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Ransom Advisory Ltd boosted its position in shares of Edison International by 74.9% during the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 259 shares in the last quarter. Ameriflex Group Inc. boosted its position in shares of Edison International by 100.0% during the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 371 shares in the last quarter. Quest 10 Wealth Builders Inc. boosted its position in shares of Edison International by 866.7% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 702 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Edison International during the second quarter valued at approximately $59,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of Edison International by 90.0% during the third quarter. SBI Securities Co. Ltd. now owns 1,214 shares of the utilities provider’s stock valued at $67,000 after purchasing an additional 575 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction on 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 transaction, the director owned 34,212 shares in the company, valued at $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by corporate insiders.

Edison International Stock Up 0.1%

Shares of NYSE:EIX opened at $69.98 on Monday. The stock has a fifty day simple moving average of $70.95 and a two-hundred day simple moving average of $66.09. The stock has a market capitalization of $26.93 billion, a price-to-earnings ratio of 7.60, a PEG ratio of 1.21 and a beta of 0.67. Edison International has a 12-month low of $47.73 and a 12-month high of $76.21. 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 quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the business earned $1.37 earnings per share. The company’s 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. On average, research analysts anticipate that Edison International will post 6.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EIX has been the topic of several research reports. Barclays dropped their price target 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. Bank of America dropped their price target on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. Wells Fargo & Company restated an “underweight” rating and set a $62.00 price target on shares of Edison International in a research report on Tuesday, April 21st. Finally, Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Edison International currently has an average rating of “Hold” and an average target price of $72.64.

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.