Capital Research Global Investors Grows Position in Edison International $EIX

Capital Research Global Investors increased its position in shares of Edison International (NYSE:EIX) by 1.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,148,661 shares of the utilities provider’s stock after buying an additional 21,968 shares during the quarter. Capital Research Global Investors’ holdings in Edison International were worth $68,945,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in EIX. Ransom Advisory Ltd lifted its position in Edison International by 74.9% during the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 259 shares during the period. Ameriflex Group Inc. lifted its position in Edison International by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 371 shares during the period. Quest 10 Wealth Builders Inc. lifted its position in Edison International by 866.7% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 702 shares during the period. MUFG Securities EMEA plc acquired a new stake in Edison International during the 2nd quarter worth approximately $59,000. Finally, Addison Advisors LLC lifted its position in Edison International by 23.3% during the 4th quarter. Addison Advisors LLC now owns 1,192 shares of the utilities provider’s stock worth $72,000 after acquiring an additional 225 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Up 0.6%

EIX opened at $71.25 on Wednesday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. The business has a 50 day simple moving average of $71.01 and a 200-day simple moving average of $66.73. The stock has a market capitalization of $27.42 billion, a P/E ratio of 7.74, a P/E/G ratio of 1.23 and a beta of 0.67. Edison International has a 12 month low of $47.73 and a 12 month high of $76.21.

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

Analyst Ratings Changes

A number of research firms have weighed in on EIX. Bank of America decreased their price objective on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Wall Street Zen cut Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Barclays decreased their price objective on Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $62.00 price objective on shares of Edison International in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Edison International has an average rating of “Hold” and an average price target of $72.64.

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 34,212 shares of the company’s stock, valued at $2,576,163.60. This trade represents a 1.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by corporate insiders.

About Edison International

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.