Sigma Planning Corp cut its holdings in Edison International (NYSE:EIX – Free Report) by 54.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,157 shares of the utilities provider’s stock after selling 15,477 shares during the period. Sigma Planning Corp’s holdings in Edison International were worth $707,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of EIX. Paladin Wealth LLC grew its holdings in Edison International by 75.5% during the third quarter. Paladin Wealth LLC now owns 5,327 shares of the utilities provider’s stock valued at $286,000 after purchasing an additional 2,292 shares during the period. Signaturefd LLC increased its stake in shares of Edison International by 46.1% in the third quarter. Signaturefd LLC now owns 6,436 shares of the utilities provider’s stock worth $346,000 after purchasing an additional 2,032 shares in the last quarter. Simplicity Wealth LLC purchased a new position in shares of Edison International during the 3rd quarter valued at $243,000. Sowell Financial Services LLC lifted its stake in shares of Edison International by 62.8% during the 3rd quarter. Sowell Financial Services LLC now owns 9,363 shares of the utilities provider’s stock valued at $503,000 after buying an additional 3,611 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in Edison International by 1.6% in the 3rd quarter. Evergreen Capital Management LLC now owns 19,065 shares of the utilities provider’s stock worth $1,024,000 after buying an additional 304 shares during the period. Institutional investors own 88.95% of the company’s stock.
Edison International News Roundup
Here are the key news stories impacting Edison International this week:
- Positive Sentiment: Edison reported third-quarter adjusted EPS of $1.92, exceeding consensus estimates of $1.81-$1.83. Management also reaffirmed its 2026 core EPS guidance of $5.90-$6.20 and outlined a $38 billion-$41 billion capital-investment plan. Edison International Q3 Earnings Outpace Estimates, Revenues Miss
- Positive Sentiment: The company maintained its earnings outlook despite regulatory challenges, providing some support for the stock’s longer-term investment case. Edison Reaffirms 2026 Core EPS Guidance
- Neutral Sentiment: Barclays raised its price target from $53 to $58 while retaining an “equal weight” rating, suggesting limited expected upside at recent trading levels. Barclays Edison International Ratings
- Neutral Sentiment: Edison was highlighted among high-yield utility stocks, which may attract income-focused investors, although the article does not introduce a material change to the company’s outlook. High-Yield Utilities Article
- Negative Sentiment: Third-quarter revenue fell 15% year over year to $4.89 billion, missing estimates of $5.34 billion, while EPS declined from $2.34 a year earlier. The revenue miss and weaker earnings growth temper the impact of the EPS beat. Q3 Earnings and Revenue Results
- Negative Sentiment: Management stressed the need for urgent California wildfire-liability reform, warning that rising financing costs could restrict grid investment. Delays in reform and potential wildfire claims remain major risks. EIX Earnings Call Highlights Wildfire Reform
- Negative Sentiment: Wells Fargo lowered its price target from $62 to $59 and maintained an “underweight” rating, reinforcing investor concerns about limited upside and regulatory exposure. Wells Fargo Edison International Ratings
Edison International Stock Performance
Shares of NYSE:EIX opened at $58.92 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. Edison International has a 12 month low of $51.10 and a 12 month high of $81.62. The company has a market capitalization of $22.67 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 2.51 and a beta of 0.62. The firm’s 50-day moving average is $57.77 and its 200 day moving average is $67.72.
Edison International (NYSE:EIX – Get Free Report) last announced its earnings results on Thursday, October 29th. The utilities provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.11. Edison International had a return on equity of 14.27% and a net margin of 20.50%. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the previous year, the business earned $2.34 earnings per share. The company’s revenue for the quarter was down 15.0% compared to the same quarter last year. Research analysts predict that Edison International will post 6.13 EPS for the current year.
Edison International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.8775 per share. The ex-dividend date of this dividend is Wednesday, October 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 6.0%. Edison International’s dividend payout ratio (DPR) is 36.19%.
Analyst Upgrades and Downgrades
EIX has been the topic of several research analyst reports. Barclays boosted their price objective on Edison International from $53.00 to $58.00 and gave the company an “equal weight” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of Edison International from $61.00 to $59.00 and set a “neutral” rating on the stock in a report on Monday, October 12th. Weiss Ratings cut Edison International from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, September 10th. UBS Group reaffirmed a “neutral” rating and set a $57.00 price objective on shares of Edison International in a report on Thursday, September 24th. Finally, Morgan Stanley raised their target price on shares of Edison International from $60.00 to $62.00 and gave the company an “underweight” rating in a report on Wednesday, October 21st. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Edison International presently has a consensus rating of “Reduce” and an average target price of $60.73.
Check Out Our Latest Stock Analysis on Edison International
Insider Buying and Selling at Edison International
In related news, Director Peter Taylor sold 500 shares of the business’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $55.56, for a total value of $27,780.00. Following the completion of the sale, the director owned 33,212 shares in the company, valued at approximately $1,845,258.72. The trade was a 1.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Profile
Edison International (NYSE: EIX) is an electric power holding company based in California. Its principal subsidiary, Southern California Edison (SCE), is one of the largest electric utilities in the United States and delivers electricity across central, coastal and Southern California. SCE serves millions of residential, commercial and industrial customers through an extensive transmission and distribution network.
Edison International’s operations are focused on the generation, transmission and distribution of electricity, as well as supporting the transition to cleaner energy.
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