Pinkerton Wealth LLC Grows Position in Edison International $EIX

Pinkerton Wealth LLC increased its position in shares of Edison International (NYSE:EIX) by 15.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 92,075 shares of the utilities provider’s stock after buying an additional 12,591 shares during the period. Pinkerton Wealth LLC’s holdings in Edison International were worth $5,090,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EIX. Jones Financial Companies Lllp lifted its stake in Edison International by 112.9% in the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after acquiring an additional 5,190 shares during the last quarter. Empowered Funds LLC increased its position in shares of Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Edison International by 40.7% in the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after purchasing an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Edison International by 153.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after purchasing an additional 5,290 shares in the last quarter. Finally, Moors & Cabot Inc. purchased a new stake in shares of Edison International during the 2nd quarter worth $244,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on EIX shares. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research report on Friday, February 20th. Wells Fargo & Company lowered Edison International from an “equal weight” rating to an “underweight” rating and raised their target price for the stock from $56.00 to $59.00 in a research report on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. TD Cowen increased their price target on shares of Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, UBS Group lowered shares of Edison International from a “buy” rating to a “neutral” rating and increased their price target for the company from $70.00 to $78.00 in a research note on Friday, February 13th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $68.56.

Edison International Price Performance

Shares of EIX opened at $70.59 on Tuesday. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $75.50. The company has a market capitalization of $27.16 billion, a price-to-earnings ratio of 6.11, a price-to-earnings-growth ratio of 1.16 and a beta of 0.79. The firm has a 50-day simple moving average of $65.64 and a 200-day simple moving average of $59.86. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.40. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same period last year, the firm posted $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. On average, equities research analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be paid a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Tuesday, April 7th. Edison International’s payout ratio is 30.36%.

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.