LSV Asset Management Buys 649,026 Shares of Edison International $EIX

LSV Asset Management lifted its stake in Edison International (NYSE:EIX) by 3,751.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 666,326 shares of the utilities provider’s stock after purchasing an additional 649,026 shares during the quarter. LSV Asset Management’s holdings in Edison International were worth $39,993,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. LVW Advisors LLC lifted its position in Edison International by 4.6% in the 4th quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock valued at $254,000 after acquiring an additional 186 shares in the last quarter. Diligent Investors LLC lifted its position in Edison International by 1.5% in the 3rd quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock valued at $768,000 after acquiring an additional 201 shares in the last quarter. Empowered Funds LLC lifted its position in Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after acquiring an additional 211 shares in the last quarter. Addison Advisors LLC lifted its position in Edison International by 23.3% in the 4th quarter. Addison Advisors LLC now owns 1,192 shares of the utilities provider’s stock valued at $72,000 after acquiring an additional 225 shares in the last quarter. Finally, Michels Family Financial LLC lifted its position in Edison International by 1.5% in the 3rd quarter. Michels Family Financial LLC now owns 15,217 shares of the utilities provider’s stock valued at $841,000 after acquiring an additional 231 shares in the last quarter. 88.95% of the stock is owned by institutional investors.

Edison International Price Performance

Shares of EIX opened at $71.34 on Monday. The firm has a market cap of $27.45 billion, a PE ratio of 7.75, a P/E/G ratio of 1.23 and a beta of 0.68. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The firm has a fifty day simple moving average of $71.09 and a two-hundred day simple moving average of $65.59. Edison International has a 1-year low of $47.73 and a 1-year high of $76.21.

Edison International (NYSE:EIX) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.10. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.37 EPS. 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 year.

Analysts Set New Price Targets

EIX has been the topic of several analyst reports. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. LADENBURG THALM/SH SH reaffirmed a “sell” rating and issued a $63.00 price objective on shares of Edison International in a research report on Thursday, March 5th. Truist Financial lowered their price objective 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. JPMorgan Chase & Co. upped their price objective on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Finally, Seaport Research Partners cut Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Edison International has an average rating of “Hold” and a consensus target price of $72.64.

Insiders Place Their Bets

In other Edison International 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 transaction of $37,650.00. Following the completion of the sale, the director directly owned 34,212 shares in the company, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their position. The sale was disclosed in a 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. Corporate insiders own 1.20% of the company’s stock.

Edison International Profile

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.