Entropy Technologies LP Acquires 80,938 Shares of Edison International $EIX

Entropy Technologies LP boosted its holdings in shares of Edison International (NYSE:EIX) by 154.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 133,271 shares of the utilities provider’s stock after buying an additional 80,938 shares during the quarter. Entropy Technologies LP’s holdings in Edison International were worth $7,999,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Edison International in the fourth quarter worth approximately $339,311,000. Goldman Sachs Group Inc. boosted its position in shares of Edison International by 41.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after purchasing an additional 1,609,847 shares during the period. SG Americas Securities LLC boosted its position in shares of Edison International by 2,970.8% in the fourth quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock worth $77,863,000 after purchasing an additional 1,255,034 shares during the period. Man Group plc boosted its position in shares of Edison International by 109.6% in the second quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock worth $119,409,000 after purchasing an additional 1,209,964 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of Edison International by 47.8% in the fourth quarter. Allianz Asset Management GmbH now owns 3,586,451 shares of the utilities provider’s stock worth $215,259,000 after purchasing an additional 1,160,525 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction on 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 owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The transaction 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. Company insiders own 1.20% of the company’s stock.

Edison International Price Performance

EIX stock opened at $72.83 on Friday. Edison International has a one year low of $47.73 and a one year high of $76.21. The company’s fifty day moving average price is $70.97 and its 200-day moving average price is $66.96. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The company has a market capitalization of $28.02 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 1.26 and a beta of 0.67.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 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 the consensus estimate of $4.15 billion. During the same quarter in the previous year, the firm earned $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. On average, equities analysts anticipate that Edison International will post 6.12 EPS for the current fiscal year.

Analysts Set New Price Targets

EIX has been the subject of a number of recent analyst reports. LADENBURG THALM/SH SH reiterated a “sell” rating and issued a $63.00 price target on shares of Edison International in a research report on Thursday, March 5th. Wall Street Zen lowered shares of Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. JPMorgan Chase & Co. upped their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. TD Cowen upped their price target on shares of Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Bank of America dropped their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Edison International currently has a consensus rating of “Hold” and an average target price of $72.64.

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.