Cohen & Steers Inc. Has $40.19 Million Holdings in Edison International $EIX

Cohen & Steers Inc. lifted its holdings in Edison International (NYSE:EIX) by 48.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 669,640 shares of the utilities provider’s stock after purchasing an additional 218,858 shares during the period. Cohen & Steers Inc.’s holdings in Edison International were worth $40,192,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. 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 acquiring an additional 237,999 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Edison International by 5.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock worth $260,859,000 after acquiring an additional 220,785 shares during the period. Nordea Investment Management AB raised its holdings in Edison International by 5.6% in the 4th quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider’s stock worth $108,204,000 after acquiring an additional 94,727 shares during the period. Victory Capital Management Inc. raised its holdings in Edison International by 59.0% in the 3rd quarter. Victory Capital Management Inc. now owns 2,062,035 shares of the utilities provider’s stock worth $113,989,000 after acquiring an additional 765,562 shares during the period. Finally, Chicago Partners Investment Group LLC raised its holdings in Edison International by 128.7% in the 4th quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider’s stock worth $1,444,000 after acquiring an additional 13,375 shares during the period. Institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on EIX shares. TD Cowen lifted their target price on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Wells Fargo & Company restated an “underweight” rating and set a $62.00 price objective on shares of Edison International in a report on Tuesday, April 21st. Seaport Research Partners downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. JPMorgan Chase & Co. boosted their price objective on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Finally, Mizuho set a $79.00 price objective on shares of Edison International in a report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Edison International presently 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 company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $75.30, for a total value of $37,650.00. Following the sale, the director owned 34,212 shares of the company’s stock, 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 legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by insiders.

Edison International Stock Performance

NYSE:EIX opened at $72.83 on Friday. The firm’s 50-day moving average is $70.97 and its 200-day moving average is $66.96. Edison International has a 52-week low of $47.73 and a 52-week high of $76.21. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The company has a market cap of $28.02 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 1.25 and a beta of 0.67.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The business’s revenue was up 7.7% compared to the same quarter last year. 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 year.

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.