14,446 Edison International $EIX Shares Acquired by Secure Asset Management LLC

Secure Asset Management LLC increased its stake in Edison International (NYSE:EIX) by 46.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 45,631 shares of the utilities provider’s stock after acquiring an additional 14,446 shares during the period. Secure Asset Management LLC’s holdings in Edison International were worth $2,452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EIX. Sterling Investment Counsel LLC increased its position in Edison International by 7.0% in the third quarter. Sterling Investment Counsel LLC now owns 5,336 shares of the utilities provider’s stock worth $287,000 after buying an additional 349 shares during the period. SteelPeak Wealth LLC boosted its holdings in shares of Edison International by 47.0% during the third quarter. SteelPeak Wealth LLC now owns 9,657 shares of the utilities provider’s stock valued at $519,000 after acquiring an additional 3,089 shares during the period. Center For Asset Management LLC boosted its holdings in shares of Edison International by 184.8% during the third quarter. Center For Asset Management LLC now owns 20,376 shares of the utilities provider’s stock valued at $1,095,000 after acquiring an additional 13,222 shares during the period. 1834 Investment Advisors Co. boosted its holdings in shares of Edison International by 2.8% during the third quarter. 1834 Investment Advisors Co. now owns 99,026 shares of the utilities provider’s stock valued at $5,321,000 after acquiring an additional 2,721 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Edison International by 9.1% during the third quarter. Vontobel Holding Ltd. now owns 45,963 shares of the utilities provider’s stock valued at $2,470,000 after acquiring an additional 3,837 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

EIX has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Edison International from $61.00 to $59.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. Barclays cut their price objective on shares of Edison International from $75.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Friday, October 9th. Argus reiterated a “hold” rating on shares of Edison International in a research report on Wednesday, August 26th. Bank of America lowered shares of Edison International from a “buy” rating to a “neutral” rating and reduced their target price for the company from $81.00 to $51.00 in a research note on Tuesday, September 1st. Finally, Mizuho restated a “neutral” rating and issued a $70.00 target price (down from $86.00) on shares of Edison International in a research report on Monday, August 31st. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Edison International has a consensus rating of “Reduce” and a consensus price target of $60.75.

Insider Activity at Edison International

In other news, Director Peter Taylor sold 500 shares of the firm’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $55.56, for a total transaction of $27,780.00. Following the transaction, the director directly owned 33,212 shares of the company’s stock, valued at approximately $1,845,258.72. This trade represents a 1.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Stock Performance

Shares of EIX stock opened at $55.64 on Tuesday. Edison International has a 12-month low of $51.10 and a 12-month high of $81.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The firm has a market capitalization of $21.41 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 2.37 and a beta of 0.62. The business has a 50 day simple moving average of $59.95 and a 200 day simple moving average of $68.17.

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

Edison International Announces Dividend

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

Edison International Company Profile

Edison International (NYSE: EIX) is an electric power holding company based in California. Its principal subsidiary, Southern California Edison (SCE), is one of the largest electric utilities in the United States and delivers electricity across central, coastal and Southern California. SCE serves millions of residential, commercial and industrial customers through an extensive transmission and distribution network.

Edison International’s operations are focused on the generation, transmission and distribution of electricity, as well as supporting the transition to cleaner energy.