Edison International $EIX Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lessened its holdings in Edison International (NYSE:EIX) by 85.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,706 shares of the utilities provider’s stock after selling 106,032 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Edison International were worth $1,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. 10Elms LLP acquired a new stake in Edison International in the fourth quarter valued at approximately $26,000. Transamerica Financial Advisors LLC lifted its position in shares of Edison International by 170.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after buying an additional 281 shares in the last quarter. Ransom Advisory Ltd grew its stake in Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 259 shares during the period. Ameriflex Group Inc. increased its holdings in Edison International by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 371 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. raised its position 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 acquiring an additional 702 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Insider Buying and Selling

In other Edison International news, Director Peter J. Taylor sold 500 shares of the business’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $75.30, for a total value of $37,650.00. Following the transaction, the director directly owned 34,212 shares in the company, valued at $2,576,163.60. The trade was a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

EIX has been the topic of several research analyst reports. Bank of America dropped their target price on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company reissued an “underweight” rating and set a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. LADENBURG THALM/SH SH restated a “sell” rating and issued a $63.00 target price on shares of Edison International in a research report on Thursday, March 5th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research note on Wednesday. Four equities research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $72.64.

Edison International Stock Up 1.7%

Shares of NYSE:EIX opened at $74.16 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The business has a fifty day moving average of $70.70 and a two-hundred day moving average of $67.81. The stock has a market cap of $28.53 billion, a P/E ratio of 8.05, a PEG ratio of 1.26 and a beta of 0.67. Edison International has a 52-week low of $49.14 and a 52-week high of $76.21.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.32 by $0.10. The business had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts expect that Edison International will post 6.12 earnings per share for the current 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.