Goelzer Investment Management Inc. Buys New Holdings in Edison International $EIX

Goelzer Investment Management Inc. purchased a new position in Edison International (NYSE:EIX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 19,456 shares of the utilities provider’s stock, valued at approximately $1,045,000.

Other institutional investors also recently added to or reduced their stakes in the company. Daytona Street Capital LLC purchased a new stake in shares of Edison International in the 3rd quarter valued at approximately $536,000. Iams Wealth Management LLC raised its holdings in shares of Edison International by 67.9% in the 3rd quarter. Iams Wealth Management LLC now owns 12,604 shares of the utilities provider’s stock valued at $677,000 after purchasing an additional 5,095 shares in the last quarter. V Square Quantitative Management LLC lifted its position in shares of Edison International by 16.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 16,609 shares of the utilities provider’s stock worth $892,000 after purchasing an additional 2,384 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of Edison International by 165.8% during the 3rd quarter. Ninety One UK Ltd now owns 18,822 shares of the utilities provider’s stock worth $1,011,000 after purchasing an additional 11,741 shares during the last quarter. Finally, Ninety One SA Pty Ltd purchased a new stake in shares of Edison International during the 3rd quarter worth $1,468,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Insider Activity

In other news, Director Peter Taylor sold 500 shares of Edison International stock in a transaction on Monday, October 12th. The shares were sold at an average price of $55.56, for a total value of $27,780.00. Following the transaction, the director directly owned 33,212 shares of the company’s stock, valued at $1,845,258.72. The trade was a 1.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 Up 0.7%

Shares of NYSE EIX opened at $56.05 on Friday. The stock has a market cap of $21.57 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 2.37 and a beta of 0.62. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. Edison International has a 52-week low of $51.10 and a 52-week high of $81.62. The business has a 50-day moving average price of $60.19 and a 200 day moving average price of $68.32.

Edison International (NYSE:EIX) last released its quarterly 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. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts forecast that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Wednesday, October 7th will be given a dividend of $0.8775 per share. The ex-dividend date is Wednesday, October 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 6.3%. Edison International’s dividend payout ratio (DPR) is 36.19%.

Analyst Upgrades and Downgrades

EIX has been the subject of several analyst reports. Barclays lowered their price objective on Edison International from $75.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, October 9th. Argus reissued a “hold” rating on shares of Edison International in a research report on Wednesday, August 26th. Jefferies Financial Group reissued an “underperform” rating and set a $42.00 target price (down from $53.00) on shares of Edison International in a research report on Friday, October 2nd. Morgan Stanley decreased their target price on Edison International from $65.00 to $60.00 and set an “underweight” rating for the company in a research note on Friday, September 18th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $70.00 price target (down from $86.00) on shares of Edison International in a report on Monday, August 31st. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $60.75.

Edison International 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.