Pictet Asset Management Holding SA Sells 1,101,598 Shares of Edison International $EIX

Pictet Asset Management Holding SA lessened its holdings in shares of Edison International (NYSE:EIX) by 53.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 965,928 shares of the utilities provider’s stock after selling 1,101,598 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Edison International were worth $57,975,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Activest Wealth Management raised its stake in Edison International by 677.8% in the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 488 shares in the last quarter. CVA Family Office LLC lifted its position in Edison International by 113.7% during the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 307 shares during the last quarter. Ransom Advisory Ltd grew its stake in Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after buying an additional 259 shares in the last quarter. Quent Capital LLC purchased a new position in Edison International in the 3rd quarter worth approximately $40,000. Finally, Ameriflex Group Inc. increased its holdings in shares of Edison International by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock worth $41,000 after buying an additional 371 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Bank of America dropped their price objective on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, April 20th. JPMorgan Chase & Co. increased their target price on Edison International from $66.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, March 18th. Truist Financial assumed coverage on Edison International in a research report on Monday, April 20th. They set a “hold” rating and a $82.00 price target on the stock. Wells Fargo & Company reaffirmed an “underweight” rating and set a $62.00 price target on shares of Edison International in a research note on Tuesday, April 21st. Finally, Seaport Research Partners cut Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $72.82.

Insider Activity

In related news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by insiders.

Key Stories Impacting Edison International

Here are the key news stories impacting Edison International this week:

• Positive Sentiment: Core earnings and revenue grew year-over-year: adjusted (core) EPS was $1.42 and revenue rose ~7.7% YoY, showing underlying operational improvement. EIX Surpasses Q1 Estimates
• Positive Sentiment: Higher electricity rates supported profit growth this quarter, a structural tailwind for utility margins and near-term revenue. Reuters: Profit Growth on Rising Rates
• Positive Sentiment: Management reiterated its core EPS growth outlook for 2026, which supports medium-term earnings visibility. TipRanks: Affirms 2026 Outlook
• Neutral Sentiment: Different outlets frame the EPS result differently: some outlets report the $1.42 as a beat vs certain consensus figures, while others note it missed a higher Street consensus, creating mixed headlines that can amplify intraday volatility. MarketBeat: Q1 Release & Call
• Negative Sentiment: FY?2026 EPS guidance was set at $5.90–$6.20, slightly below the consensus (~$6.11), which likely drove downward pressure as investors adjust forward valuations. Press Release / Guidance
• Negative Sentiment: Reported GAAP net income fell substantially YoY (net income and EPS were lower vs the prior-year quarter), a reminder of volatility from one-time items and rate/timing effects that can compress near-term profitability metrics. BusinessWire: Q1 Results

Edison International Trading Down 0.7%

NYSE:EIX opened at $68.06 on Wednesday. The firm has a market capitalization of $26.20 billion, a P/E ratio of 5.89, a P/E/G ratio of 1.19 and a beta of 0.77. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The company has a fifty day moving average of $72.14 and a 200 day moving average of $64.09. Edison International has a 52 week low of $47.73 and a 52 week high of $76.21.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.07 billion. During the same quarter last year, the firm earned $1.37 EPS. 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 predict that Edison International will post 6.12 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be paid a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 annualized dividend and a dividend yield of 5.2%. Edison International’s dividend payout ratio (DPR) is presently 30.36%.

Edison International Company 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.