13,067 Shares in Edison International $EIX Acquired by North Dakota State Investment Board

North Dakota State Investment Board acquired a new position in Edison International (NYSE:EIX) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 13,067 shares of the utilities provider’s stock, valued at approximately $784,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. LVW Advisors LLC grew its stake in Edison International by 4.6% in the fourth quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 186 shares in the last quarter. Diligent Investors LLC grew its stake in Edison International by 1.5% in the third quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock worth $768,000 after purchasing an additional 201 shares in the last quarter. Empowered Funds LLC grew its stake in Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock worth $523,000 after purchasing an additional 211 shares in the last quarter. Michels Family Financial LLC grew its stake in Edison International by 1.5% in the third quarter. Michels Family Financial LLC now owns 15,217 shares of the utilities provider’s stock worth $841,000 after purchasing an additional 231 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators grew its stake in Edison International by 30.7% in the third quarter. Deseret Mutual Benefit Administrators now owns 1,014 shares of the utilities provider’s stock worth $56,000 after purchasing an additional 238 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the stock in a transaction on 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 owned 34,212 shares in the company, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Edison International Stock Down 1.2%

Shares of NYSE EIX opened at $69.80 on Thursday. The company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $26.86 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 1.22 and a beta of 0.68. The stock’s fifty day simple moving average is $71.10 and its two-hundred day simple moving average is $65.37. Edison International has a 12-month low of $47.73 and a 12-month high of $76.21.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EIX. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 15th. Bank of America dropped their price objective on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. JPMorgan Chase & Co. increased their target price on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. LADENBURG THALM/SH SH reaffirmed a “sell” rating and set a $63.00 target price on shares of Edison International in a research report on Thursday, March 5th. Finally, Mizuho set a $79.00 target price on Edison International in a research report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Edison International currently has an average rating of “Hold” and a consensus target price of $72.64.

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.