Meiji Yasuda Asset Management Co Ltd. Has $10.87 Million Stock Holdings in Edison International $EIX

Meiji Yasuda Asset Management Co Ltd. lessened its holdings in Edison International (NYSE:EIX) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 181,118 shares of the utilities provider’s stock after selling 9,376 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Edison International were worth $10,871,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Activest Wealth Management boosted its holdings in shares of Edison International by 677.8% during the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 488 shares during the period. CVA Family Office LLC boosted its holdings in shares of Edison International by 113.7% during 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. Ransom Advisory Ltd boosted its holdings in shares of Edison International by 74.9% during the fourth 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 period. Ameriflex Group Inc. boosted its holdings in shares of Edison International by 100.0% during the third quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 371 shares during the period. Finally, Quest 10 Wealth Builders Inc. boosted its holdings in shares of Edison International by 866.7% during the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 702 shares during the period. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Price Performance

NYSE EIX opened at $70.39 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $27.08 billion, a PE ratio of 7.64, a price-to-earnings-growth ratio of 1.21 and a beta of 0.68. The company has a 50 day moving average price of $71.09 and a two-hundred day moving average price of $65.47. Edison International has a 12-month low of $47.73 and a 12-month high of $76.21.

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

Insider Activity at Edison International

In other news, Director Peter J. Taylor sold 500 shares of the stock in a transaction dated Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the transaction, the director owned 34,212 shares of the company’s stock, valued at approximately $2,576,163.60. This represents a 1.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on EIX shares. Jefferies Financial Group decreased their price target on shares of Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. LADENBURG THALM/SH SH reissued a “sell” rating and set a $63.00 price objective on shares of Edison International in a research report on Thursday, March 5th. Truist Financial reduced their price objective on Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research report on Monday. Morgan Stanley reduced their price objective on Edison International from $71.00 to $70.00 and set an “underweight” rating for the company in a research report on Tuesday, April 21st. Finally, Wells Fargo & Company reissued an “underweight” rating and set a $62.00 price objective on shares of Edison International in a research report on Tuesday, April 21st. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $72.64.

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.