Rothschild Wealth LLC Takes $649,000 Position in Edison International $EIX

Rothschild Wealth LLC bought a new position in shares of Edison International (NYSE:EIX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,815 shares of the utilities provider’s stock, valued at approximately $649,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Edison International by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock worth $3,134,268,000 after buying an additional 480,726 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Edison International by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock worth $803,407,000 after buying an additional 386,905 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Edison International by 8.0% during the 3rd quarter. AQR Capital Management LLC now owns 10,763,984 shares of the utilities provider’s stock worth $595,033,000 after buying an additional 801,082 shares during the period. Norges Bank bought a new stake in shares of Edison International during the 4th quarter worth about $339,311,000. Finally, Northern Trust Corp boosted its holdings in shares of Edison International by 11.2% during the 3rd quarter. Northern Trust Corp now owns 5,407,847 shares of the utilities provider’s stock worth $298,946,000 after buying an additional 545,344 shares during the period. Institutional investors own 88.95% of the company’s stock.

Insider Buying and Selling at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the company’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 transaction of $37,650.00. Following the completion of the sale, the director owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 Trading Down 1.1%

Shares of EIX stock opened at $69.20 on Tuesday. The stock has a 50 day simple moving average of $70.90 and a 200 day simple moving average of $66.17. Edison International has a 1 year low of $47.73 and a 1 year high of $76.21. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The stock has a market cap of $26.63 billion, a P/E ratio of 7.51, a price-to-earnings-growth ratio of 1.21 and a beta of 0.67.

Edison International (NYSE:EIX) last issued its quarterly 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. 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 the consensus estimate of $4.15 billion. During the same quarter in the prior year, the firm posted $1.37 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts predict that Edison International will post 6.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on EIX. LADENBURG THALM/SH SH reaffirmed a “sell” rating and set a $63.00 target price on shares of Edison International in a report on Thursday, March 5th. JPMorgan Chase & Co. lifted their target price on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Mizuho set a $79.00 price objective on shares of Edison International in a report on Thursday, February 19th. Finally, Barclays decreased their target price on shares of Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Edison International currently has a consensus rating of “Hold” and an average price target of $72.64.

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.