20,192 Edison International $EIX Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC raised its holdings in Edison International (NYSE:EIX) by 39.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,952 shares of the utilities provider’s stock after acquiring an additional 20,192 shares during the quarter. Sterling Capital Management LLC’s holdings in Edison International were worth $3,866,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Edison International in the 2nd quarter worth approximately $3,340,412,000. Legal & General Group Plc acquired a new stake in Edison International during the second quarter valued at approximately $329,766,000. Bank of New York Mellon Corp acquired a new stake in Edison International during the second quarter valued at approximately $309,361,000. Amundi lifted its stake in Edison International by 27.0% during the second quarter. Amundi now owns 3,570,726 shares of the utilities provider’s stock valued at $265,843,000 after purchasing an additional 759,236 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Edison International during the second quarter valued at approximately $261,275,000. Institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

NYSE EIX opened at $57.34 on Friday. The stock’s 50-day moving average price is $58.90 and its two-hundred day moving average price is $67.75. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. The company has a market cap of $22.07 billion, a PE ratio of 5.91, a PEG ratio of 2.43 and a beta of 0.62. Edison International has a 1 year low of $51.10 and a 1 year high of $81.62.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The business’s quarterly revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts predict that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Wednesday, October 7th will be given a $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Wednesday, October 7th. Edison International’s dividend payout ratio is 36.19%.

Insider Activity at Edison International

In related news, Director Peter Taylor sold 500 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $55.56, for a total value of $27,780.00. Following the completion of the transaction, the director owned 33,212 shares of the company’s stock, valued at approximately $1,845,258.72. This trade represents a 1.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EIX. HSBC started coverage on shares of Edison International in a research report on Thursday. They issued a “hold” rating and a $56.50 price target on the stock. The Goldman Sachs Group set a $67.00 price target on Edison International in a report on Thursday, October 15th. Argus reiterated a “hold” rating on shares of Edison International in a research report on Wednesday, August 26th. Barclays reduced their price objective on Edison International from $75.00 to $53.00 and set an “equal weight” rating for the company in a research note on Friday, October 9th. Finally, Truist Financial decreased their target price on Edison International from $63.00 to $62.00 and set a “hold” rating on the stock in a report on Monday, October 12th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Edison International currently has a consensus rating of “Reduce” and an average price target of $60.58.

About Edison International

Edison International (NYSE: EIX) is an electric power holding company based in California. Its principal subsidiary, Southern California Edison (SCE), is one of the largest electric utilities in the United States and delivers electricity across central, coastal and Southern California. SCE serves millions of residential, commercial and industrial customers through an extensive transmission and distribution network.

Edison International’s operations are focused on the generation, transmission and distribution of electricity, as well as supporting the transition to cleaner energy.