Equitable Trust Co. Lowers Position in Edison International $EIX

Equitable Trust Co. lessened its stake in shares of Edison International (NYSE:EIX) by 28.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,333 shares of the utilities provider’s stock after selling 7,894 shares during the period. Equitable Trust Co.’s holdings in Edison International were worth $1,124,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Activest Wealth Management grew its position in Edison International by 677.8% in the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 488 shares in the last quarter. CVA Family Office LLC increased its stake in Edison International by 113.7% in the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 307 shares during the period. Laurel Wealth Advisors LLC lifted its holdings in Edison International by 5,064.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock valued at $37,000 after buying an additional 709 shares in the last quarter. Quent Capital LLC bought a new stake in shares of Edison International during the third quarter valued at approximately $40,000. Finally, CoreFirst Bank & Trust bought a new stake in Edison International during the 2nd quarter valued at $38,000. 88.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Edison International from $65.00 to $66.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Barclays boosted their price target on Edison International from $67.00 to $78.00 and gave the stock an “overweight” rating in a research note on Thursday. Mizuho set a $79.00 target price on Edison International in a research report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Finally, UBS Group lowered Edison International from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $70.00 to $78.00 in a research note on Friday, February 13th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $67.70.

Edison International Stock Up 1.2%

Shares of EIX opened at $74.64 on Tuesday. The stock has a market capitalization of $28.72 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 1.19 and a beta of 0.82. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. Edison International has a one year low of $47.73 and a one year high of $74.81. The stock has a 50 day moving average price of $62.91 and a 200 day moving average price of $58.59.

Edison International (NYSE:EIX) last issued its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The business had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the previous year, the firm posted $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. Equities research analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be paid a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.7%. Edison International’s dividend payout ratio is 30.36%.

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.