Blackhawk Capital Partners LLC Sells 9,499 Shares of Edison International $EIX

Blackhawk Capital Partners LLC trimmed its holdings in shares of Edison International (NYSE:EIX) by 23.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 30,622 shares of the utilities provider’s stock after selling 9,499 shares during the quarter. Blackhawk Capital Partners LLC’s holdings in Edison International were worth $2,241,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Gradient Investments LLC boosted its position in Edison International by 949.8% during the fourth quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider’s stock valued at $15,789,000 after purchasing an additional 237,999 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Edison International by 5.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider’s stock worth $260,859,000 after purchasing an additional 220,785 shares in the last quarter. Nordea Investment Management AB raised its holdings in Edison International by 5.6% in the fourth quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider’s stock worth $108,204,000 after purchasing an additional 94,727 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Edison International by 41.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after purchasing an additional 1,609,847 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Edison International by 128.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider’s stock valued at $1,444,000 after buying an additional 13,375 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Trading Up 0.1%

Shares of NYSE:EIX opened at $76.64 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. Edison International has a 52-week low of $50.45 and a 52-week high of $77.95. The stock has a market cap of $29.49 billion, a price-to-earnings ratio of 8.32, a PEG ratio of 1.33 and a beta of 0.66. The business has a 50-day moving average price of $72.35 and a 200-day moving average price of $69.54.

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

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be issued a $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Tuesday, July 7th. Edison International’s dividend payout ratio is 38.11%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on EIX. Weiss Ratings restated a “buy (b-)” rating on shares of Edison International in a report on Monday. 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 research report on Tuesday, April 21st. Barclays raised their target price on shares of Edison International from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Bank of America reduced their price target on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $72.73.

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.