IFP Advisors Inc Grows Holdings in Edison International $EIX

IFP Advisors Inc increased its position in shares of Edison International (NYSE:EIX) by 112.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,339 shares of the utilities provider’s stock after purchasing an additional 17,103 shares during the quarter. IFP Advisors Inc’s holdings in Edison International were worth $1,941,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Edison International by 169.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 124,843 shares of the utilities provider’s stock worth $6,901,000 after purchasing an additional 78,531 shares during the last quarter. Versor Investments LP lifted its stake in Edison International by 55.0% during the third quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock worth $2,865,000 after purchasing an additional 18,381 shares during the last quarter. Gradient Investments LLC lifted its stake in Edison International by 949.8% during the fourth quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock worth $15,789,000 after purchasing an additional 237,999 shares during the last quarter. Convergence Investment Partners LLC lifted its stake in Edison International by 67.6% during the third quarter. Convergence Investment Partners LLC now owns 27,017 shares of the utilities provider’s stock worth $1,494,000 after purchasing an additional 10,901 shares during the last quarter. Finally, Krilogy Financial LLC lifted its stake in Edison International by 141.8% during the third quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock worth $1,705,000 after purchasing an additional 17,616 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EIX has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 21st. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Barclays dropped their target price on Edison International from $78.00 to $77.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. Finally, Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $72.64.

Edison International Price Performance

Shares of NYSE EIX opened at $71.34 on Friday. Edison International has a 1-year low of $47.73 and a 1-year high of $76.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. The business’s fifty day moving average price is $71.09 and its two-hundred day moving average price is $65.52. The firm has a market capitalization of $27.45 billion, a PE ratio of 7.75, a P/E/G ratio of 1.22 and a beta of 0.68.

Edison International (NYSE:EIX) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $4.15 billion. During the same period last year, the company earned $1.37 earnings per share. The firm’s revenue for the quarter 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 expect that Edison International will post 6.12 EPS for the current year.

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the firm’s 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 directly owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. This trade represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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.