J. Derek Lewis & Associates Inc. Purchases New Position in Edison International $EIX

J. Derek Lewis & Associates Inc. acquired a new position in Edison International (NYSE:EIX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,979 shares of the utilities provider’s stock, valued at approximately $659,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 10Elms LLP bought a new stake in shares of Edison International in the 4th quarter worth $26,000. Transamerica Financial Advisors LLC raised its stake in shares of Edison International by 170.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 281 shares during the last quarter. Ransom Advisory Ltd lifted its holdings in shares of Edison International by 74.9% during the fourth quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 259 shares in the last quarter. Ameriflex Group Inc. lifted its holdings in shares of Edison International by 100.0% during the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 371 shares in the last quarter. Finally, Quest 10 Wealth Builders Inc. boosted its position in shares of Edison International by 866.7% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after buying an additional 702 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Edison International Price Performance

NYSE EIX opened at $71.77 on Friday. The stock has a market capitalization of $27.61 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 1.25 and a beta of 0.67. Edison International has a 1-year low of $49.14 and a 1-year high of $76.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. The business’s fifty day moving average price is $70.80 and its 200-day moving average price is $67.41.

Edison International (NYSE:EIX) last issued its quarterly earnings data 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 company had revenue of $4.10 billion during 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%.Edison International’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities analysts predict that Edison International will post 6.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. LADENBURG THALM/SH SH reiterated a “sell” rating and issued a $63.00 price objective on shares of Edison International in a report on Thursday, March 5th. Bank of America lowered 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 note on Monday, April 20th. Morgan Stanley dropped their price target on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a report on Tuesday, April 21st. Truist Financial reduced their price target on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Finally, Seaport Research Partners cut shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $72.64.

Insider Transactions at Edison International

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 stock was 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 $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 this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Edison International Company 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.