Y Intercept Hong Kong Ltd Sells 64,275 Shares of Edison International $EIX

Y Intercept Hong Kong Ltd cut its holdings in shares of Edison International (NYSE:EIX) by 51.0% during the first quarter, HoldingsChannel.com reports. The firm owned 61,855 shares of the utilities provider’s stock after selling 64,275 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Edison International were worth $4,527,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in EIX. AQR Capital Management LLC raised its stake in shares of Edison International by 69.9% during the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after buying an additional 7,521,168 shares during the last quarter. Norges Bank bought a new position in Edison International in the fourth quarter valued at approximately $339,311,000. Goldman Sachs Group Inc. grew 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 acquiring an additional 1,609,847 shares during the period. SG Americas Securities LLC grew its holdings in Edison International by 2,970.8% during the 4th quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock worth $77,863,000 after acquiring an additional 1,255,034 shares during the period. Finally, Man Group plc raised its position in shares of Edison International by 109.6% during 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. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Wells Fargo & Company reissued an “underweight” rating and issued a $62.00 price target on shares of Edison International in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price objective on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Seaport Research Partners downgraded Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Bank of America cut their target price on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Finally, Barclays reduced their target price on Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $72.64.

Edison International Stock Down 0.0%

NYSE:EIX opened at $75.63 on Monday. Edison International has a 1 year low of $49.14 and a 1 year 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 stock has a market cap of $29.10 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 1.31 and a beta of 0.66. The stock has a 50-day moving average price of $71.28 and a two-hundred day moving average price of $68.66.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.10. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities analysts expect that Edison International will post 6.12 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be paid a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, July 7th. Edison International’s dividend payout ratio is presently 38.11%.

Insider Buying and Selling

In other Edison International news, Director Peter J. Taylor sold 500 shares of the firm’s stock in a transaction that occurred 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 sale, the director directly owned 34,212 shares in the company, valued at approximately $2,576,163.60. This trade represents a 1.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

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.