Westpac Banking Corp Sells 15,717 Shares of Edison International $EIX

Westpac Banking Corp lessened its holdings in Edison International (NYSE:EIX) by 44.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 20,003 shares of the utilities provider’s stock after selling 15,717 shares during the quarter. Westpac Banking Corp’s holdings in Edison International were worth $1,106,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in EIX. Activest Wealth Management increased its stake in Edison International by 677.8% in 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 during the last quarter. CVA Family Office LLC boosted its position in shares of Edison International by 113.7% during the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 307 shares during the last quarter. Laurel Wealth Advisors LLC grew its holdings in shares of Edison International by 5,064.3% during the second quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 709 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Edison International during the third quarter worth about $40,000. Finally, CoreFirst Bank & Trust bought a new position in shares of Edison International in the second quarter worth approximately $38,000. Institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

Shares of NYSE:EIX opened at $74.32 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The stock has a market cap of $28.60 billion, a PE ratio of 6.43, a PEG ratio of 1.22 and a beta of 0.82. The company’s fifty day moving average is $63.84 and its 200 day moving average is $58.96. Edison International has a 52 week low of $47.73 and a 52 week high of $75.50.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.40. The business had revenue of $5.21 billion during the quarter, compared to analyst estimates 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 in the prior year, the business posted $1.05 earnings per share. 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. Research analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be paid a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International’s payout ratio is 30.36%.

Analysts Set New Price Targets

Several brokerages have issued reports on EIX. Mizuho set a $79.00 target price on shares of Edison International in a research report on Thursday, February 19th. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a report on Friday, February 20th. UBS Group lowered shares of Edison International from a “buy” rating to a “neutral” rating and upped their target price for the stock from $70.00 to $78.00 in a research report on Friday, February 13th. Wells Fargo & Company downgraded Edison International from an “equal weight” rating to an “underweight” rating and raised their price target for the company from $56.00 to $59.00 in a research report on Tuesday, January 20th. Finally, Barclays upped their price objective on Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $67.70.

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.