Northwestern Mutual Wealth Management Co. Increases Stock Position in Edison International $EIX

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Edison International (NYSE:EIX) by 62.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,638 shares of the utilities provider’s stock after buying an additional 7,570 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Edison International were worth $1,179,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EIX. Jones Financial Companies Lllp boosted its holdings in Edison International by 112.9% in the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock valued at $577,000 after purchasing an additional 5,190 shares during the period. Empowered Funds LLC boosted its holdings 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 purchasing an additional 211 shares during the period. Woodline Partners LP boosted its holdings in Edison International by 40.7% in the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after purchasing an additional 9,459 shares during the period. Sivia Capital Partners LLC boosted its holdings in Edison International by 153.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after purchasing an additional 5,290 shares during the period. Finally, Baird Financial Group Inc. bought a new position in Edison International in the 2nd quarter valued at $302,000. 88.95% of the stock is owned by institutional investors.

Edison International Stock Performance

Edison International stock opened at $73.46 on Monday. The firm’s fifty day moving average price is $70.99 and its 200-day moving average price is $66.55. 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 stock has a market cap of $28.27 billion, a P/E ratio of 7.98, a price-to-earnings-growth ratio of 1.27 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 posted 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. The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the company posted $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts expect that Edison International will post 6.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on EIX. Wells Fargo & Company reissued an “underweight” rating and issued a $62.00 price target on shares of Edison International in a report on Tuesday, April 21st. LADENBURG THALM/SH SH reissued a “sell” rating and issued a $63.00 price target on shares of Edison International in a report on Thursday, March 5th. Truist Financial cut their price target on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a report on Monday, May 18th. Bank of America cut their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, April 20th. Finally, Wall Street Zen downgraded shares of Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Edison International currently has a consensus rating of “Hold” and a consensus price target of $72.64.

Insider Buying and Selling at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the firm’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 sale, the director owned 34,212 shares in the company, 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 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.