Edison International $EIX Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its holdings in Edison International (NYSE:EIX) by 4,013.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 496,435 shares of the utilities provider’s stock after buying an additional 484,367 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Edison International were worth $32,430,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Edison International by 169.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after purchasing an additional 78,531 shares during the period. Versor Investments LP raised its holdings in Edison International by 55.0% in the 3rd quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock worth $2,865,000 after purchasing an additional 18,381 shares during the period. Gradient Investments LLC raised its holdings in Edison International by 949.8% in the 4th quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock worth $15,789,000 after purchasing an additional 237,999 shares during the period. Convergence Investment Partners LLC raised its holdings in Edison International by 67.6% in the 3rd quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock worth $1,494,000 after purchasing an additional 10,901 shares during the period. Finally, Krilogy Financial LLC raised its holdings in Edison International by 141.8% in the 3rd quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock worth $1,705,000 after purchasing an additional 17,616 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on EIX shares. Barclays cut their price objective on Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Jefferies Financial Group cut their price objective on Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Bank of America cut their price objective on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Monday, April 20th. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $62.00 price objective on shares of Edison International in a research note on Tuesday, April 21st. Four 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $72.64.

Insiders Place Their Bets

In related news, Director Peter J. Taylor sold 500 shares of the stock in a transaction that occurred 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 directly owned 34,212 shares in the company, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Edison International Price Performance

EIX stock opened at $68.57 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 business has a 50 day simple moving average of $71.14 and a 200-day simple moving average of $65.16. The firm has a market capitalization of $26.38 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 1.20 and a beta of 0.68. Edison International has a 1 year low of $47.73 and a 1 year high of $76.21.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts anticipate that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 7th were given a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 5.1%. The ex-dividend date was Tuesday, April 7th. Edison International’s dividend payout ratio is presently 38.11%.

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.