Waddell & Associates LLC Raises Holdings in Edison International $EIX

Waddell & Associates LLC increased its position in shares of Edison International (NYSE:EIX) by 126.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,476 shares of the utilities provider’s stock after purchasing an additional 10,857 shares during the quarter. Waddell & Associates LLC’s holdings in Edison International were worth $1,169,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in EIX. Ransom Advisory Ltd increased its position in shares of Edison International by 74.9% during the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. Ameriflex Group Inc. increased its position in shares of Edison International by 100.0% during the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 371 shares in the last quarter. Quest 10 Wealth Builders Inc. increased its position in shares of Edison International by 866.7% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 702 shares in the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Edison International during the second quarter worth approximately $59,000. Finally, SBI Securities Co. Ltd. increased its position in shares of Edison International by 90.0% during the third quarter. SBI Securities Co. Ltd. now owns 1,214 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 575 shares in the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the 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 completion of the transaction, the director directly owned 34,212 shares in the company, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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.

Analyst Ratings Changes

Several analysts have issued reports on EIX shares. Morgan Stanley dropped their target price on Edison International from $71.00 to $70.00 and set an “underweight” rating for the company in a report on Tuesday, April 21st. Barclays dropped their target price on Edison International from $78.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Bank of America dropped their target price on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, April 20th. Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 15th. Finally, Wall Street Zen cut Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Edison International currently has a consensus rating of “Hold” and a consensus target price of $72.64.

Edison International Stock Performance

NYSE EIX opened at $70.85 on Tuesday. The stock has a market cap of $27.26 billion, a PE ratio of 7.69, a P/E/G ratio of 1.27 and a beta of 0.67. 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 fifty day simple moving average of $70.99 and a 200-day simple moving average of $66.63.

Edison International (NYSE:EIX) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The company’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts anticipate that Edison International will post 6.12 earnings per share for the current year.

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.