Electron Capital Partners LLC Reduces Holdings in Edison International $EIX

Electron Capital Partners LLC trimmed its position in shares of Edison International (NYSE:EIX) by 48.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 344,603 shares of the utilities provider’s stock after selling 324,693 shares during the quarter. Edison International accounts for 1.0% of Electron Capital Partners LLC’s investment portfolio, making the stock its 28th largest holding. Electron Capital Partners LLC’s holdings in Edison International were worth $20,683,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. 10Elms LLP purchased a new position in Edison International during the fourth quarter worth $26,000. Transamerica Financial Advisors LLC boosted its stake in Edison International by 170.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after buying an additional 281 shares during the period. Ransom Advisory Ltd boosted its stake in 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 buying an additional 259 shares during the period. Ameriflex Group Inc. boosted its stake in 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 buying an additional 371 shares during the period. Finally, Quest 10 Wealth Builders Inc. boosted its stake in 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 buying an additional 702 shares during the period. 88.95% of the stock is 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 business’s stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EIX. JPMorgan Chase & Co. lifted their target price on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. LADENBURG THALM/SH SH reiterated a “sell” rating and set a $63.00 target price on shares of Edison International in a research report on Thursday, March 5th. Wells Fargo & Company reiterated an “underweight” rating and set a $62.00 target price on shares of Edison International in a research report 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 report on Wednesday, April 29th. Finally, Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $72.64.

Edison International Stock Performance

EIX stock opened at $70.97 on Thursday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. The business has a 50-day moving average price of $70.87 and a 200 day moving average price of $67.29. The company has a market capitalization of $27.31 billion, a P/E ratio of 7.71, a PEG ratio of 1.25 and a beta of 0.67. Edison International has a 1-year low of $48.92 and a 1-year high of $76.21.

Edison International (NYSE:EIX) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating 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 the consensus estimate of $4.15 billion. During the same period in the previous year, the company posted $1.37 earnings per share. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts forecast that Edison International will post 6.12 EPS for the current fiscal 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.