Landscape Capital Management L.L.C. Increases Stock Position in Edison International $EIX

Landscape Capital Management L.L.C. grew its position in Edison International (NYSE:EIX) by 324.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 58,577 shares of the utilities provider’s stock after purchasing an additional 44,761 shares during the period. Landscape Capital Management L.L.C.’s holdings in Edison International were worth $3,516,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EIX. Jones Financial Companies Lllp raised its holdings in shares of Edison International by 112.9% in the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after purchasing an additional 5,190 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Edison International by 40.7% in the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after purchasing an additional 9,459 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Edison International by 153.6% in the second quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after purchasing an additional 5,290 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in shares of Edison International in the second quarter valued at about $302,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on EIX shares. Truist Financial lowered their target price on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a report on Monday, May 18th. LADENBURG THALM/SH SH restated a “sell” rating and set a $63.00 price target on shares of Edison International in a research report on Thursday, March 5th. Morgan Stanley reduced their price target on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating for the company in a research report on Tuesday, April 21st. Bank of America reduced their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $72.64.

Insider Activity at Edison International

In related news, Director Peter J. Taylor sold 500 shares of the firm’s stock in a transaction that occurred on 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 directly owned 34,212 shares of the company’s stock, valued at $2,576,163.60. This trade represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

Edison International Price Performance

EIX stock opened at $72.83 on Monday. The firm has a 50 day moving average of $70.97 and a 200-day moving average of $67.02. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. Edison International has a 12 month low of $47.73 and a 12 month high of $76.21. The firm has a market capitalization of $28.02 billion, a P/E ratio of 7.91, a price-to-earnings-growth ratio of 1.26 and a beta of 0.67.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $4.15 billion. During the same period last year, the business earned $1.37 earnings per share. Edison International’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. As a group, sell-side analysts predict that Edison International will post 6.12 earnings per share for the current fiscal 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.