MUFG Securities EMEA plc Sells 172,572 Shares of Edison International $EIX

MUFG Securities EMEA plc trimmed its stake in shares of Edison International (NYSE:EIX) by 91.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 15,794 shares of the utilities provider’s stock after selling 172,572 shares during the quarter. MUFG Securities EMEA plc’s holdings in Edison International were worth $948,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Versor Investments LP lifted its position in shares of Edison International by 55.0% during the 3rd quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock worth $2,865,000 after buying an additional 18,381 shares during the last quarter. Gradient Investments LLC lifted its position in shares of Edison International by 949.8% during the 4th quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock worth $15,789,000 after buying an additional 237,999 shares during the last quarter. Krilogy Financial LLC lifted its position in shares of Edison International by 141.8% during the 3rd quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock worth $1,705,000 after buying an additional 17,616 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Edison International by 5.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock worth $260,859,000 after buying an additional 220,785 shares during the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Edison International by 5.6% during the 4th quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider’s stock worth $108,204,000 after buying an additional 94,727 shares during the last quarter. 88.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EIX shares. Seaport Research Partners downgraded Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Mizuho set a $79.00 target price on Edison International in a report on Thursday, February 19th. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Truist Financial lowered their target price on Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a report on Monday, May 18th. Finally, LADENBURG THALM/SH SH reaffirmed a “sell” rating and issued a $63.00 target price on shares of Edison International in a report on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Edison International has an average rating of “Hold” and a consensus target price of $72.64.

Edison International Price Performance

Shares of EIX opened at $70.86 on Wednesday. Edison International has a 12-month low of $47.73 and a 12-month high of $76.21. The business has a 50-day simple moving average of $70.90 and a two-hundred day simple moving average of $66.17. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The stock has a market cap of $27.27 billion, a PE ratio of 7.69, a PEG ratio of 1.20 and a beta of 0.67.

Edison International (NYSE:EIX) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) 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 business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The business’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. Analysts anticipate that Edison International will post 6.12 earnings per share for the current fiscal year.

Insider Transactions at Edison International

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 of the company’s stock, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 insiders.

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.