J. Derek Lewis & Associates Inc. Purchases Shares of 10,979 Edison International $EIX

J. Derek Lewis & Associates Inc. acquired a new position in Edison International (NYSE:EIX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,979 shares of the utilities provider’s stock, valued at approximately $659,000.

Other large investors have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in shares of Edison International by 69.9% during the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after purchasing an additional 7,521,168 shares in the last quarter. Norges Bank purchased a new stake in Edison International in the fourth quarter worth $339,311,000. Goldman Sachs Group Inc. raised its holdings in Edison International by 41.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after purchasing an additional 1,609,847 shares in the last quarter. SG Americas Securities LLC raised its holdings in Edison International by 2,970.8% in the fourth quarter. SG Americas Securities LLC now owns 1,297,280 shares of the utilities provider’s stock worth $77,863,000 after purchasing an additional 1,255,034 shares in the last quarter. Finally, Man Group plc lifted its position in Edison International by 109.6% during the second quarter. Man Group plc now owns 2,314,124 shares of the utilities provider’s stock valued at $119,409,000 after buying an additional 1,209,964 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Edison International Stock Down 0.2%

EIX stock opened at $71.77 on Friday. The business has a 50 day moving average of $70.80 and a 200 day moving average of $67.41. The firm has a market cap of $27.61 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 1.25 and a beta of 0.67. Edison International has a twelve month low of $49.14 and a twelve month high of $76.21. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98.

Edison International (NYSE:EIX) last released its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping the consensus estimate of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the company posted $1.37 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts forecast that Edison International will post 6.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EIX. Bank of America dropped their target price on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. JPMorgan Chase & Co. increased their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. LADENBURG THALM/SH SH reissued a “sell” rating and set a $63.00 price target on shares of Edison International in a research report on Thursday, March 5th. Weiss Ratings raised shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 15th. Finally, Morgan Stanley dropped their price objective on shares of Edison International from $71.00 to $70.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Edison International has an average rating of “Hold” and an average target price of $72.64.

Insider Activity

In related news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $75.30, for a total value of $37,650.00. Following the transaction, the director owned 34,212 shares in the company, valued at $2,576,163.60. The trade was a 1.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is currently owned by corporate insiders.

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.