Capital Innovations LLC Acquires New Shares in Edison International $EIX

Capital Innovations LLC acquired a new stake in shares of Edison International (NYSE:EIX) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 85,471 shares of the utilities provider’s stock, valued at approximately $5,130,000. Edison International comprises approximately 1.5% of Capital Innovations LLC’s investment portfolio, making the stock its 26th largest holding.

Several other hedge funds also recently modified their holdings of the company. Natixis Advisors LLC boosted its holdings in shares of Edison International by 11.9% during the 4th quarter. Natixis Advisors LLC now owns 317,654 shares of the utilities provider’s stock valued at $19,066,000 after acquiring an additional 33,800 shares in the last quarter. Fielder Capital Group LLC bought a new position in shares of Edison International in the 4th quarter worth about $315,000. Collar Capital Management LLC raised its position in shares of Edison International by 0.9% in the 4th quarter. Collar Capital Management LLC now owns 47,803 shares of the utilities provider’s stock worth $2,869,000 after acquiring an additional 440 shares in the last quarter. New Mexico Educational Retirement Board raised its position in shares of Edison International by 3.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 17,952 shares of the utilities provider’s stock worth $1,077,000 after acquiring an additional 600 shares in the last quarter. Finally, Ellevest Inc. raised its position in shares of Edison International by 17.1% in the 4th quarter. Ellevest Inc. now owns 8,414 shares of the utilities provider’s stock worth $505,000 after acquiring an additional 1,226 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Trading Up 2.6%

Edison International stock opened at $70.86 on Wednesday. The stock has a market cap of $27.27 billion, a P/E ratio of 7.69, a PEG ratio of 1.20 and a beta of 0.67. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $76.21. The firm’s fifty day moving average price is $70.90 and its 200-day moving average price is $66.17. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74.

Edison International (NYSE:EIX) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.10. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts forecast that Edison International will post 6.12 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Peter J. Taylor sold 500 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of $75.30, for a total value of $37,650.00. Following the transaction, the director owned 34,212 shares of the company’s stock, valued at $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

EIX has been the subject of a number of research analyst reports. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $62.00 target price on shares of Edison International in a research report on Tuesday, April 21st. Mizuho set a $79.00 target price on Edison International in a research note on Thursday, February 19th. Barclays cut their target price on Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. TD Cowen upped their price objective on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. upped their price objective on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $72.64.

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.