SG Americas Securities LLC Acquires 1,255,034 Shares of Edison International $EIX

SG Americas Securities LLC lifted its holdings in shares of Edison International (NYSE:EIX) by 2,970.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,297,280 shares of the utilities provider’s stock after purchasing an additional 1,255,034 shares during the period. SG Americas Securities LLC owned 0.34% of Edison International worth $77,863,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. lifted its stake in Edison International by 73.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 20,226 shares of the utilities provider’s stock valued at $1,214,000 after buying an additional 8,579 shares during the period. Diversified Trust Co. acquired a new position in shares of Edison International during the 4th quarter valued at $632,000. 180 Wealth Advisors LLC bought a new position in Edison International during the fourth quarter worth $203,000. Firethorn Wealth Partners LLC grew its holdings in Edison International by 15.0% in the fourth quarter. Firethorn Wealth Partners LLC now owns 13,334 shares of the utilities provider’s stock worth $800,000 after purchasing an additional 1,742 shares during the period. Finally, True Wealth Design LLC grew its holdings in Edison International by 93.8% in the fourth quarter. True Wealth Design LLC now owns 4,559 shares of the utilities provider’s stock worth $274,000 after purchasing an additional 2,206 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Mizuho set a $79.00 price objective on shares of Edison International in a research report on Thursday, February 19th. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a report on Friday, February 20th. Barclays raised their price objective on Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. TD Cowen boosted their price objective on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, JPMorgan Chase & Co. upped their target price on Edison International from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 18th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $69.44.

Edison International Trading Up 0.8%

NYSE:EIX opened at $71.24 on Wednesday. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68. Edison International has a one year low of $47.73 and a one year high of $75.50. The company has a market cap of $27.42 billion, a PE ratio of 6.16, a PEG ratio of 1.14 and a beta of 0.79. The firm has a 50-day moving average of $68.14 and a 200-day moving average of $61.12.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.40. The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same quarter last year, the firm earned $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. As a group, equities research analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be given a dividend of $0.8775 per share. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. Edison International’s payout ratio is presently 30.36%.

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.