Leo Wealth LLC Buys 15,717 Shares of Edison International $EIX

Leo Wealth LLC purchased a new position in shares of Edison International (NYSE:EIX) in the third quarter, Holdings Channel reports. The fund purchased 15,717 shares of the utilities provider’s stock, valued at approximately $844,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Edison International during the second quarter valued at $26,000. Groupe la Francaise bought a new stake in shares of Edison International during the first quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Edison International during the second quarter valued at about $30,000. Bell Investment Advisors Inc acquired a new stake in Edison International in the second quarter worth about $31,000. Finally, Quantbot Technologies LP acquired a new stake in Edison International in the second quarter worth about $41,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on EIX shares. UBS Group reiterated a “neutral” rating and issued a $57.00 target price on shares of Edison International in a research report on Thursday, September 24th. JPMorgan Chase & Co. dropped their price target on shares of Edison International from $61.00 to $59.00 and set a “neutral” rating on the stock in a research report on Monday, October 12th. Truist Financial dropped their price target on shares of Edison International from $63.00 to $62.00 and set a “hold” rating on the stock in a research report on Monday, October 12th. The Goldman Sachs Group set a $67.00 price target on shares of Edison International in a research note on Thursday, October 15th. Finally, HSBC began coverage on shares of Edison International in a report on Thursday, October 22nd. They issued a “hold” rating and a $56.50 price objective for the company. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $60.58.

Edison International Stock Up 0.7%

EIX opened at $57.73 on Tuesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The company has a market capitalization of $22.21 billion, a PE ratio of 5.95, a P/E/G ratio of 2.43 and a beta of 0.62. The stock’s fifty day moving average is $59.20 and its 200-day moving average is $67.76. Edison International has a one year low of $51.10 and a one year high of $81.62.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%. The business had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter last year, the business posted $0.97 earnings per share. The company’s quarterly revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities analysts predict that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Wednesday, October 7th will be given a $0.8775 dividend. The ex-dividend date is Wednesday, October 7th. This represents a $3.51 annualized dividend and a yield of 6.1%. Edison International’s payout ratio is 36.19%.

Insiders Place Their Bets

In other Edison International news, Director Peter Taylor sold 500 shares of the company’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $55.56, for a total value of $27,780.00. Following the completion of the sale, the director directly owned 33,212 shares of the company’s stock, valued at approximately $1,845,258.72. This represents a 1.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Edison International Company Profile

Edison International (NYSE: EIX) is an electric power holding company based in California. Its principal subsidiary, Southern California Edison (SCE), is one of the largest electric utilities in the United States and delivers electricity across central, coastal and Southern California. SCE serves millions of residential, commercial and industrial customers through an extensive transmission and distribution network.

Edison International’s operations are focused on the generation, transmission and distribution of electricity, as well as supporting the transition to cleaner energy.