SG Americas Securities LLC Boosts Stock Holdings in Edison International $EIX

SG Americas Securities LLC lifted its position in Edison International (NYSE:EIX) by 2,970.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,297,280 shares of the utilities provider’s stock after acquiring an additional 1,255,034 shares during the quarter. SG Americas Securities LLC’s holdings in Edison International were worth $77,863,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EIX. Jones Financial Companies Lllp grew its position in Edison International by 112.9% in the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after purchasing an additional 5,190 shares in the last quarter. Empowered Funds LLC increased its stake in Edison International by 2.4% in 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 during the last quarter. Woodline Partners LP lifted its position in shares of Edison International by 40.7% during the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after buying an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Edison International by 153.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock worth $451,000 after buying an additional 5,290 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in shares of Edison International by 9.9% in the 2nd quarter. Cetera Investment Advisers now owns 96,244 shares of the utilities provider’s stock worth $4,966,000 after buying an additional 8,697 shares during 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 brokerages recently commented on EIX. TD Cowen increased their price target on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Wells Fargo & Company cut Edison International from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $56.00 to $59.00 in a research report on Tuesday, January 20th. JPMorgan Chase & Co. upped their price objective on Edison International from $66.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, March 18th. Jefferies Financial Group lowered their target price on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. Finally, Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $69.44.

Edison International Trading Up 0.8%

NYSE:EIX opened at $71.24 on Wednesday. Edison International has a 12 month low of $47.73 and a 12 month high of $75.50. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92. The firm’s 50 day moving average is $68.14 and its 200 day moving average is $61.12. The stock has a market capitalization of $27.42 billion, a PE ratio of 6.16, a price-to-earnings-growth ratio of 1.14 and a beta of 0.79.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.40. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.During the same period in the prior year, the company earned $1.05 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. Sell-side analysts expect that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be issued a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 annualized dividend and a yield of 4.9%. Edison International’s dividend payout ratio (DPR) is 30.36%.

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.