M&T Bank Corp Grows Stock Position in Edison International $EIX

M&T Bank Corp grew its position in shares of Edison International (NYSE:EIX) by 52.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,766 shares of the utilities provider’s stock after acquiring an additional 10,625 shares during the quarter. M&T Bank Corp’s holdings in Edison International were worth $1,847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EIX. Activest Wealth Management increased its stake in Edison International by 677.8% during the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 488 shares during the last quarter. CVA Family Office LLC increased its stake in Edison International by 113.7% during the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 307 shares during the last quarter. Ransom Advisory Ltd increased its stake in Edison International by 74.9% during the fourth 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 last quarter. Quent Capital LLC acquired a new stake in Edison International during the third quarter worth about $40,000. Finally, Ameriflex Group Inc. increased its stake in Edison International by 100.0% during the third 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 last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Peter J. Taylor sold 500 shares of the stock in a transaction dated 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 owned 34,212 shares in the company, valued at approximately $2,576,163.60. This trade represents a 1.44% decrease in their ownership of the stock. 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. Company insiders own 1.20% of the company’s stock.

Edison International Price Performance

EIX stock opened at $68.93 on Friday. 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 has a 1 year low of $47.73 and a 1 year high of $76.21. The firm has a market cap of $26.52 billion, a P/E ratio of 7.48, a price-to-earnings-growth ratio of 1.19 and a beta of 0.68. The stock has a 50-day simple moving average of $71.69 and a 200-day simple moving average of $64.54.

Edison International (NYSE:EIX) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter last year, the firm earned $1.37 earnings per share. The company’s revenue for the quarter 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 analysts predict that Edison International will post 6.12 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th were paid a $0.8775 dividend. The ex-dividend date was Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.1%. Edison International’s dividend payout ratio (DPR) is 38.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EIX shares. TD Cowen upped their price target on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 15th. Jefferies Financial Group dropped their price target on Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 28th. Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $62.00 price target on shares of Edison International in a research note on Tuesday, April 21st. Five 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.82.

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.