Copley Financial Group Inc. Takes $442,000 Position in Edison International $EIX

Copley Financial Group Inc. acquired a new position in Edison International (NYSE:EIX) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 7,357 shares of the utilities provider’s stock, valued at approximately $442,000.

Other large investors have also recently modified their holdings of the company. Gradient Investments LLC increased its position in shares of Edison International by 949.8% during the fourth quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock worth $15,789,000 after purchasing an additional 237,999 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Edison International by 5.4% during the 4th 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 last quarter. Nordea Investment Management AB boosted its position in shares of Edison International by 5.6% in the 4th quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider’s stock worth $108,204,000 after purchasing an additional 94,727 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Edison International by 59.0% in the 3rd quarter. Victory Capital Management Inc. now owns 2,062,035 shares of the utilities provider’s stock worth $113,989,000 after purchasing an additional 765,562 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its stake in Edison International by 128.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider’s stock worth $1,444,000 after buying an additional 13,375 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on EIX shares. Truist Financial reduced their target price on Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Seaport Research Partners downgraded Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. TD Cowen boosted their price target on Edison International from $71.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Mizuho set a $79.00 price objective on shares of Edison International in a research report on Thursday, February 19th. Finally, Morgan Stanley lowered their target price on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating for the company in a research note on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Edison International presently has an average rating of “Hold” and an average target price of $72.64.

Insiders Place Their Bets

In other Edison International news, Director Peter J. Taylor sold 500 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were 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 of the company’s stock, valued at approximately $2,576,163.60. This trade represents a 1.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 Stock Down 0.1%

Edison International stock opened at $72.08 on Wednesday. The business’s 50-day simple moving average is $70.92 and its two-hundred day simple moving average is $67.21. 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 cap of $27.74 billion, a PE ratio of 7.83, a PEG ratio of 1.25 and a beta of 0.67. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $76.21.

Edison International (NYSE:EIX) last announced its quarterly earnings data 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 return on equity of 14.56% and a net margin of 19.27%.The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same period last year, the business posted $1.37 earnings per share. The company’s revenue for the quarter 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. Equities analysts anticipate that Edison International will post 6.12 EPS for the current year.

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.