Foster & Motley Inc. Sells 10,240 Shares of Edison International $EIX

Foster & Motley Inc. lessened its stake in Edison International (NYSE:EIX) by 18.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 45,053 shares of the utilities provider’s stock after selling 10,240 shares during the period. Foster & Motley Inc.’s holdings in Edison International were worth $2,704,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EIX. Activest Wealth Management boosted its holdings in Edison International by 677.8% in the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after acquiring an additional 488 shares during the last quarter. CVA Family Office LLC increased its position in Edison International by 113.7% during the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 307 shares during the period. Ransom Advisory Ltd raised its holdings in Edison International by 74.9% during the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 259 shares during the last quarter. CoreFirst Bank & Trust acquired a new position in shares of Edison International in the 2nd quarter worth approximately $38,000. Finally, Quent Capital LLC acquired a new position in shares of Edison International in the 3rd quarter worth approximately $40,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Trading Up 1.8%

EIX opened at $73.16 on Wednesday. Edison International has a 1-year low of $47.73 and a 1-year high of $75.50. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92. The company has a market cap of $28.16 billion, a P/E ratio of 6.33, a price-to-earnings-growth ratio of 1.16 and a beta of 0.79. The company has a fifty day moving average price of $69.12 and a two-hundred day moving average price of $61.69.

Edison International (NYSE:EIX) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.40. The company had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same quarter in the prior year, the firm earned $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. Analysts predict that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be issued a $0.8775 dividend. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 annualized dividend and a yield of 4.8%. Edison International’s dividend payout ratio is presently 30.36%.

Analyst Ratings Changes

EIX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Edison International from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, March 18th. Jefferies Financial Group dropped their price objective on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a research note on Wednesday, January 28th. UBS Group lowered Edison International from a “buy” rating to a “neutral” rating and upped their target price for the company from $70.00 to $78.00 in a research report on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. Finally, LADENBURG THALM/SH SH reiterated a “sell” rating and issued a $63.00 target price on shares of Edison International in a report on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Edison International has a consensus rating of “Hold” and an average target price of $69.44.

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.