Franklin Resources Inc. Has $199.27 Million Stake in Edison International $EIX

Franklin Resources Inc. decreased its holdings in shares of Edison International (NYSE:EIX) by 20.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,320,066 shares of the utilities provider’s stock after selling 866,401 shares during the quarter. Franklin Resources Inc.’s holdings in Edison International were worth $199,270,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of EIX. Versor Investments LP grew its holdings in Edison International by 55.0% during the third quarter. Versor Investments LP now owns 51,830 shares of the utilities provider’s stock valued at $2,865,000 after purchasing an additional 18,381 shares during the period. Gradient Investments LLC grew its holdings in Edison International by 949.8% during the fourth quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock valued at $15,789,000 after purchasing an additional 237,999 shares during the period. Krilogy Financial LLC grew its holdings in Edison International by 141.8% during the third quarter. Krilogy Financial LLC now owns 30,035 shares of the utilities provider’s stock valued at $1,705,000 after purchasing an additional 17,616 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Edison International by 5.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock valued at $260,859,000 after purchasing an additional 220,785 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Edison International by 5.6% during the fourth quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider’s stock valued at $108,204,000 after purchasing an additional 94,727 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Up 0.6%

EIX stock opened at $71.25 on Wednesday. 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 business has a 50 day moving average price of $71.01 and a two-hundred day moving average price of $66.73. The company has a market cap of $27.42 billion, a price-to-earnings ratio of 7.74, a P/E/G ratio of 1.23 and a beta of 0.67. Edison International has a twelve month low of $47.73 and a twelve month high of $76.21.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same period in the prior year, the firm posted $1.37 earnings per share. The company’s quarterly revenue 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 EPS for the current fiscal year.

Insider Buying and Selling at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $75.30, for a total value of $37,650.00. Following the transaction, the director directly owned 34,212 shares of the company’s stock, valued at $2,576,163.60. This 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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

EIX has been the subject of a number of analyst reports. Wells Fargo & Company restated an “underweight” rating and set a $62.00 price objective on shares of Edison International in a report on Tuesday, April 21st. UBS Group lowered shares of Edison International from a “buy” rating to a “neutral” rating and lifted their price target for the company from $70.00 to $78.00 in a research note on Friday, February 13th. Truist Financial cut their price target on shares of Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Mizuho set a $79.00 price target on shares of Edison International in a research note on Thursday, February 19th. Finally, Bank of America cut their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Edison International presently has an average rating of “Hold” and an average price target of $72.64.

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.