Edison International $EIX Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC lifted its stake in shares of Edison International (NYSE:EIX) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 134,519 shares of the utilities provider’s stock after buying an additional 8,567 shares during the quarter. ProShare Advisors LLC’s holdings in Edison International were worth $8,074,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. LVW Advisors LLC grew its position in shares of Edison International by 4.6% during the fourth quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock worth $254,000 after buying an additional 186 shares in the last quarter. Diligent Investors LLC grew its position in shares of Edison International by 1.5% during the third quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock worth $768,000 after buying an additional 201 shares in the last quarter. Empowered Funds LLC grew its position in shares of Edison International by 2.4% during the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after buying an additional 211 shares in the last quarter. Michels Family Financial LLC lifted its stake in Edison International by 1.5% during the third quarter. Michels Family Financial LLC now owns 15,217 shares of the utilities provider’s stock worth $841,000 after purchasing an additional 231 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its stake in Edison International by 30.7% during the third quarter. Deseret Mutual Benefit Administrators now owns 1,014 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 238 shares during the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Edison International news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Edison International Price Performance

Shares of NYSE EIX opened at $70.39 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. Edison International has a twelve month low of $47.73 and a twelve month high of $76.21. The stock has a 50 day moving average of $71.09 and a two-hundred day moving average of $65.47. The stock has a market cap of $27.08 billion, a P/E ratio of 7.64, a P/E/G ratio of 1.21 and a beta of 0.68.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating 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 company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the previous year, the business 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 forecast that Edison International will post 6.12 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on EIX. Wells Fargo & Company restated an “underweight” rating and set a $62.00 target price on shares of Edison International in a research note on Tuesday, April 21st. Barclays decreased their target price on Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Mizuho set a $79.00 target price on Edison International in a research note on Thursday, February 19th. Truist Financial decreased their target price on Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research note on Monday. Finally, Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 15th. Four investment 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $72.64.

Edison International Company 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.