Clearbridge Investments LLC Sells 1,390,136 Shares of Edison International $EIX

Clearbridge Investments LLC lessened its holdings in Edison International (NYSE:EIX) by 40.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,060,228 shares of the utilities provider’s stock after selling 1,390,136 shares during the period. Clearbridge Investments LLC’s holdings in Edison International were worth $123,655,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EIX. Norges Bank bought a new position in Edison International in the 4th quarter valued at $339,311,000. Goldman Sachs Group Inc. grew its position in Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock valued at $329,924,000 after acquiring an additional 1,609,847 shares during the last quarter. SG Americas Securities LLC grew its position in Edison International by 2,970.8% in the 4th quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock valued at $77,863,000 after acquiring an additional 1,255,034 shares during the last quarter. Man Group plc grew its position in Edison International by 109.6% in the 2nd quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock valued at $119,409,000 after acquiring an additional 1,209,964 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Edison International by 8.0% in the 3rd quarter. AQR Capital Management LLC now owns 10,763,984 shares of the utilities provider’s stock valued at $595,033,000 after acquiring an additional 801,082 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Insider Activity

In other 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 transaction of $37,650.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

EIX has been the topic of several research analyst reports. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $62.00 price objective on shares of Edison International in a research report on Tuesday, April 21st. Truist Financial cut their price objective on Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Morgan Stanley cut their price objective on Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 21st. 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 report on Friday, May 15th. Finally, Barclays dropped their price target on 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 research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $72.64.

Edison International Price Performance

EIX opened at $73.46 on Monday. Edison International has a 12-month low of $47.73 and a 12-month 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 business’s fifty day simple moving average is $70.99 and its 200-day simple moving average is $66.55. The company has a market capitalization of $28.27 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.27 and a beta of 0.67.

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

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.