Brookstone Capital Management Trims Stock Holdings in Edison International $EIX

Brookstone Capital Management lowered its stake in Edison International (NYSE:EIX) by 6.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 207,099 shares of the utilities provider’s stock after selling 13,292 shares during the quarter. Brookstone Capital Management owned about 0.05% of Edison International worth $12,430,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. increased its position in shares of Edison International by 1.4% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 147,809 shares of the utilities provider’s stock valued at $8,871,000 after acquiring an additional 2,109 shares during the last quarter. Centennial Wealth Advisory LLC lifted its holdings in shares of Edison International by 2.1% in the 4th quarter. Centennial Wealth Advisory LLC now owns 14,476 shares of the utilities provider’s stock worth $869,000 after acquiring an additional 300 shares during the last quarter. Northwest Wealth Management LLC boosted its position in shares of Edison International by 114.4% during the 4th quarter. Northwest Wealth Management LLC now owns 8,256 shares of the utilities provider’s stock worth $496,000 after purchasing an additional 4,406 shares during the period. Guardian Financial Partners LLC boosted its position in shares of Edison International by 1.8% during the 4th quarter. Guardian Financial Partners LLC now owns 21,803 shares of the utilities provider’s stock worth $1,309,000 after purchasing an additional 386 shares during the period. Finally, LVW Advisors LLC increased its holdings in Edison International by 4.6% in the 4th quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

EIX has been the topic of a number of research analyst reports. Wells Fargo & Company lowered Edison International from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $56.00 to $59.00 in a research report on Tuesday, January 20th. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a research note on Friday, February 20th. Jefferies Financial Group cut their price objective on Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. JPMorgan Chase & Co. increased their target price on Edison International from $66.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 18th. Finally, Barclays raised their target price on Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $69.44.

Edison International Price Performance

EIX stock opened at $73.16 on Wednesday. The business’s 50-day moving average is $69.12 and its two-hundred day moving average is $61.69. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68. The firm has a market capitalization of $28.16 billion, a P/E ratio of 6.33, a P/E/G ratio of 1.16 and a beta of 0.79. Edison International has a 1 year low of $47.73 and a 1 year high of $75.50.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the previous year, the company posted $1.05 earnings per share. 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 anticipate that Edison International will post 4.95 earnings per share 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 dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, April 7th. Edison International’s payout ratio is 30.36%.

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.