Center For Asset Management LLC Acquires 13,222 Shares of Edison International $EIX

Center For Asset Management LLC lifted its holdings in Edison International (NYSE:EIX) by 184.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 20,376 shares of the utilities provider’s stock after acquiring an additional 13,222 shares during the quarter. Center For Asset Management LLC’s holdings in Edison International were worth $1,095,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. 1834 Investment Advisors Co. raised its position in Edison International by 2.8% during the third quarter. 1834 Investment Advisors Co. now owns 99,026 shares of the utilities provider’s stock valued at $5,321,000 after buying an additional 2,721 shares during the period. Vontobel Holding Ltd. lifted its stake in Edison International by 9.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 45,963 shares of the utilities provider’s stock worth $2,470,000 after acquiring an additional 3,837 shares in the last quarter. Howard Capital Management LLC lifted its stake in Edison International by 246.6% in the 3rd quarter. Howard Capital Management LLC now owns 88,644 shares of the utilities provider’s stock worth $4,763,000 after acquiring an additional 63,069 shares in the last quarter. Goelzer Investment Management Inc. purchased a new stake in Edison International in the 3rd quarter worth about $1,045,000. Finally, Daytona Street Capital LLC purchased a new stake in Edison International in the 3rd quarter worth about $536,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays decreased their price objective on Edison International from $75.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, October 9th. Jefferies Financial Group reiterated an “underperform” rating and issued a $42.00 target price (down from $53.00) on shares of Edison International in a report on Friday, October 2nd. JPMorgan Chase & Co. reduced their price target on shares of Edison International from $61.00 to $59.00 and set a “neutral” rating for the company in a research report on Monday, October 12th. Morgan Stanley reduced their price target on shares of Edison International from $65.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, September 18th. Finally, Bank of America cut shares of Edison International from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $81.00 to $51.00 in a report on Tuesday, September 1st. One analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $60.75.

Edison International Trading Up 0.7%

Edison International stock opened at $56.05 on Friday. Edison International has a 12 month low of $51.10 and a 12 month high of $81.62. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. The stock has a market cap of $21.57 billion, a P/E ratio of 5.78, a P/E/G ratio of 2.37 and a beta of 0.62. The company’s fifty day simple moving average is $60.19 and its 200-day simple moving average is $68.32.

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

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Wednesday, October 7th will be paid a $0.8775 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $3.51 dividend on an annualized basis and a yield of 6.3%. Edison International’s payout ratio is 36.19%.

Insiders Place Their Bets

In other Edison International news, Director Peter Taylor sold 500 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $55.56, for a total value of $27,780.00. Following the transaction, the director directly owned 33,212 shares of the company’s stock, valued at $1,845,258.72. This represents a 1.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by insiders.

About Edison International

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.