Edison International (NYSE:EIX) Director Sells $27,780.00 in Stock

Edison International (NYSE:EIX) Director Peter Taylor sold 500 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $55.56, for a total value of $27,780.00. Following the transaction, the director owned 33,212 shares of the company’s stock, valued at $1,845,258.72. This represents a 1.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Edison International Stock Up 0.2%

Shares of NYSE:EIX opened at $55.57 on Friday. The company’s fifty day moving average is $60.44 and its 200-day moving average is $68.41. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. Edison International has a 52 week low of $51.10 and a 52 week high of $81.62. The company has a market capitalization of $21.38 billion, a PE ratio of 5.73, a P/E/G ratio of 2.23 and a beta of 0.62.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter last year, the company posted $0.97 EPS. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts predict that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Wednesday, October 7th will be paid a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Wednesday, October 7th. Edison International’s dividend payout ratio is currently 36.19%.

Hedge Funds Weigh In On Edison International

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Edison International during the second quarter valued at approximately $3,340,412,000. Legal & General Group Plc acquired a new stake in shares of Edison International in the second quarter valued at approximately $329,766,000. Bank of New York Mellon Corp bought a new position in Edison International in the 2nd quarter worth approximately $309,361,000. Amundi raised its position in Edison International by 27.0% in the 2nd quarter. Amundi now owns 3,570,726 shares of the utilities provider’s stock worth $265,843,000 after purchasing an additional 759,236 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new position in Edison International during the 2nd quarter worth $261,275,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Morgan Stanley cut their price objective on Edison International from $65.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, September 18th. Bank of America cut Edison International from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $81.00 to $51.00 in a report on Tuesday, September 1st. JPMorgan Chase & Co. lowered their target price on Edison International from $61.00 to $59.00 and set a “neutral” rating for the company in a research note on Monday. UBS Group restated a “neutral” rating and issued a $57.00 target price on shares of Edison International in a research note on Thursday, September 24th. Finally, Argus reaffirmed a “hold” rating on shares of Edison International in a report on Wednesday, August 26th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Edison International currently has an average rating of “Reduce” and an average target price of $60.75.

Edison International Company Profile

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.