Hsbc Holdings PLC Purchases 66,680 Shares of Edison International $EIX

Hsbc Holdings PLC raised its position in Edison International (NYSE:EIX) by 2.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,102,735 shares of the utilities provider’s stock after buying an additional 66,680 shares during the period. Hsbc Holdings PLC’s holdings in Edison International were worth $186,305,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EIX. Gradient Investments LLC grew its stake in shares of Edison International by 949.8% in the fourth quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock worth $15,789,000 after purchasing an additional 237,999 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Edison International by 5.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock worth $260,859,000 after purchasing an additional 220,785 shares during the last quarter. Nordea Investment Management AB raised its position in Edison International by 5.6% during the 4th quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider’s stock worth $108,204,000 after purchasing an additional 94,727 shares during the last quarter. Vinva Investment Management Ltd lifted its holdings in Edison International by 135.5% during the 3rd quarter. Vinva Investment Management Ltd now owns 59,108 shares of the utilities provider’s stock worth $3,265,000 after buying an additional 34,014 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Edison International by 41.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after buying an additional 1,609,847 shares during the period. 88.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction 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 transaction, the director owned 34,212 shares in the company, valued at $2,576,163.60. The trade was a 1.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on EIX. Morgan Stanley reissued an “underweight” rating on shares of Edison International in a research note on Wednesday, June 24th. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $62.00 price objective on shares of Edison International in a research note on Tuesday, April 21st. Weiss Ratings raised shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. JPMorgan Chase & Co. increased their target price on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Finally, Bank of America dropped their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $72.64.

Edison International Trading Down 0.0%

NYSE EIX opened at $75.63 on Friday. The business has a 50 day simple moving average of $71.28 and a 200 day simple moving average of $68.59. Edison International has a one year low of $49.14 and a one year high of $76.21. The stock has a market capitalization of $29.10 billion, a P/E ratio of 8.21, a P/E/G ratio of 1.31 and a beta of 0.66. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.10. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Research analysts expect that Edison International will post 6.12 earnings per share for the current year.

Edison International Dividend Announcement

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

Edison International Company 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.