Mattson Financial Services LLC Grows Stock Position in Edison International $EIX

Mattson Financial Services LLC raised its position in Edison International (NYSE:EIX) by 331.8% in the 4th quarter, Holdings Channel reports. The fund owned 20,048 shares of the utilities provider’s stock after purchasing an additional 15,405 shares during the period. Mattson Financial Services LLC’s holdings in Edison International were worth $1,203,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in EIX. Ransom Advisory Ltd grew its holdings in Edison International by 74.9% during the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 259 shares in the last quarter. Ameriflex Group Inc. lifted its holdings in Edison International by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock worth $41,000 after buying an additional 371 shares in the last quarter. Quest 10 Wealth Builders Inc. boosted its position in Edison International by 866.7% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after buying an additional 702 shares during the last quarter. Zions Bancorporation National Association UT grew its stake in shares of Edison International by 1,000.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 935 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 850 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in shares of Edison International during the second quarter valued at about $59,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Price Performance

NYSE EIX opened at $72.37 on Friday. Edison International has a 1 year low of $47.73 and a 1 year high of $76.21. The stock has a market capitalization of $27.85 billion, a P/E ratio of 7.86, a P/E/G ratio of 1.24 and a beta of 0.67. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The business’s fifty day moving average is $70.99 and its two-hundred day moving average is $66.92.

Edison International (NYSE:EIX) last issued its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share 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 firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter last year, the business posted $1.37 EPS. Edison International’s revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts forecast that Edison International will post 6.12 earnings per share for the current fiscal year.

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 500 shares of Edison International 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 in the company, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on EIX. JPMorgan Chase & Co. boosted their price target 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 shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. TD Cowen boosted their target price on shares of Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, UBS Group cut Edison International from a “buy” rating to a “neutral” rating and increased their price target for the stock from $70.00 to $78.00 in a research note on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Edison International has an average rating of “Hold” and an average target price of $72.64.

Edison International 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.