Elevation Point Wealth Partners LLC Takes $636,000 Position in Edison International $EIX

Elevation Point Wealth Partners LLC bought a new stake in Edison International (NYSE:EIX) in the 1st quarter, HoldingsChannel.com reports. The firm bought 8,688 shares of the utilities provider’s stock, valued at approximately $636,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Platform Technology Partners acquired a new stake in Edison International in the first quarter valued at approximately $232,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Edison International in the 1st quarter worth $1,529,000. Keybank National Association OH grew its position in Edison International by 50.5% in the 1st quarter. Keybank National Association OH now owns 6,326 shares of the utilities provider’s stock valued at $463,000 after purchasing an additional 2,123 shares during the period. Vision Capital Management Inc. bought a new stake in Edison International during the 1st quarter valued at $222,000. Finally, Root Financial Partners LLC raised its holdings in Edison International by 762.7% during the first quarter. Root Financial Partners LLC now owns 2,312 shares of the utilities provider’s stock worth $169,000 after buying an additional 2,044 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EIX. Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Bank of America decreased their price objective on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, April 20th. Wells Fargo & Company restated an “underweight” rating and issued a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research report on Wednesday, June 24th. Finally, Barclays decreased their price target on Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Four investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $72.64.

Edison International Trading Up 1.2%

Shares of EIX stock opened at $75.72 on Wednesday. Edison International has a 52-week low of $49.14 and a 52-week high of $76.39. 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 50-day simple moving average of $71.51 and a two-hundred day simple moving average of $68.89. The company has a market capitalization of $29.14 billion, a price-to-earnings ratio of 8.22, a PEG ratio of 1.30 and a beta of 0.66.

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

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be given a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.6%. Edison International’s payout ratio is currently 38.11%.

Insider Transactions at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the completion of 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 position. 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. 1.20% of the stock is owned by company insiders.

About Edison International

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.