Edison International $EIX Shares Sold by Magnetar Financial LLC

Magnetar Financial LLC lessened its stake in shares of Edison International (NYSE:EIX) by 53.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,268 shares of the utilities provider’s stock after selling 91,094 shares during the quarter. Magnetar Financial LLC’s holdings in Edison International were worth $4,382,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Activest Wealth Management raised its stake in Edison International by 677.8% during the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 488 shares in the last quarter. CVA Family Office LLC boosted its position in shares of Edison International by 113.7% in the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 307 shares during the period. Laurel Wealth Advisors LLC raised its position in Edison International by 5,064.3% in the second quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 709 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Edison International in the second quarter valued at about $38,000. Finally, Quent Capital LLC purchased a new stake in shares of Edison International during the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

EIX has been the topic of a number of research reports. TD Cowen upped their price target on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a report on Friday, February 20th. LADENBURG THALM/SH SH reissued a “sell” rating and issued a $63.00 target price on shares of Edison International in a report on Thursday, March 5th. Barclays lifted their price target on Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Wall Street Zen cut shares of Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Finally, Zacks Research cut shares of Edison International from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Edison International presently has an average rating of “Hold” and a consensus target price of $68.56.

Edison International Trading Up 0.6%

Edison International stock opened at $71.52 on Thursday. The stock has a 50-day moving average price of $66.08 and a 200 day moving average price of $60.05. Edison International has a 52 week low of $47.73 and a 52 week high of $75.50. The stock has a market cap of $27.52 billion, a PE ratio of 6.19, a P/E/G ratio of 1.15 and a beta of 0.79. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92.

Edison International (NYSE:EIX) last released its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.40. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same period last year, the company earned $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. Equities research analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be issued a $0.8775 dividend. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 annualized dividend and a yield of 4.9%. Edison International’s payout ratio is 30.36%.

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.