63,069 Edison International $EIX Shares Bought by Howard Capital Management LLC

Howard Capital Management LLC grew its holdings in shares of Edison International (NYSE:EIX) by 246.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,644 shares of the utilities provider’s stock after purchasing an additional 63,069 shares during the period. Howard Capital Management LLC’s holdings in Edison International were worth $4,763,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Edmond DE Rothschild Holding S.A. purchased a new stake in Edison International during the 2nd quarter worth approximately $26,000. Groupe la Francaise purchased a new position in Edison International in the 1st quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Edison International in the second quarter worth $30,000. Bell Investment Advisors Inc acquired a new position in shares of Edison International in the second quarter worth $31,000. Finally, Silvant Capital Management LLC acquired a new position in shares of Edison International in the second quarter worth $41,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EIX. Mizuho reaffirmed a “neutral” rating and set a $70.00 price objective (down from $86.00) on shares of Edison International in a research report on Monday, August 31st. Argus reissued a “hold” rating on shares of Edison International in a research note on Wednesday, August 26th. Bank of America cut Edison International from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $81.00 to $51.00 in a research note on Tuesday, September 1st. Barclays cut their price target on Edison International from $75.00 to $53.00 and set an “equal weight” rating on the stock in a report on Friday, October 9th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a $42.00 price target (down from $53.00) on shares of Edison International in a research report on Friday, October 2nd. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Edison International has a consensus rating of “Reduce” and an average target price of $60.75.

Edison International Stock Up 0.7%

Edison International stock traded up $0.40 during trading on Friday, reaching $56.05. The stock had a trading volume of 4,935,159 shares, compared to its average volume of 5,671,060. Edison International has a 52-week low of $51.10 and a 52-week high of $81.62. The business has a 50 day moving average price of $60.19 and a 200 day moving average price of $68.32. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. The stock has a market cap of $21.57 billion, a PE ratio of 5.78, a P/E/G ratio of 2.35 and a beta of 0.62.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the business posted $0.97 EPS. The firm’s revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts predict that Edison International will post 6.13 EPS for the current year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Wednesday, October 7th. Edison International’s payout ratio is 36.19%.

Insider Activity at Edison International

In related news, Director Peter Taylor sold 500 shares of the business’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $55.56, for a total transaction of $27,780.00. Following the completion of the transaction, the director owned 33,212 shares in the company, valued at approximately $1,845,258.72. The trade was a 1.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Edison International Profile

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.