Parcion Private Wealth LLC decreased its holdings in shares of Edison International (NYSE:EIX – Free Report) by 49.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 11,440 shares of the utilities provider’s stock after selling 10,978 shares during the period. Parcion Private Wealth LLC’s holdings in Edison International were worth $615,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of EIX. Childress Capital Advisors LLC increased its holdings in shares of Edison International by 67.7% during the third quarter. Childress Capital Advisors LLC now owns 4,685 shares of the utilities provider’s stock valued at $252,000 after acquiring an additional 1,892 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Edison International by 10.2% in the 3rd quarter. D.A. Davidson & CO. now owns 76,812 shares of the utilities provider’s stock worth $4,127,000 after purchasing an additional 7,135 shares in the last quarter. BOKF NA boosted its stake in Edison International by 107.9% in the 3rd quarter. BOKF NA now owns 17,594 shares of the utilities provider’s stock worth $945,000 after purchasing an additional 9,132 shares in the last quarter. North Dakota State Investment Board grew its position in Edison International by 2.9% during the 3rd quarter. North Dakota State Investment Board now owns 11,663 shares of the utilities provider’s stock worth $627,000 after purchasing an additional 330 shares during the last quarter. Finally, Lynx Investment Advisory grew its position in Edison International by 4.8% during the 3rd quarter. Lynx Investment Advisory now owns 10,042 shares of the utilities provider’s stock worth $540,000 after purchasing an additional 458 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.
Edison International Trading Up 0.2%
Shares of NYSE:EIX opened at $58.92 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.01. Edison International has a 52-week low of $51.10 and a 52-week high of $81.62. The stock has a market cap of $22.67 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 2.49 and a beta of 0.56. The business has a 50-day moving average price of $57.77 and a 200-day moving average price of $67.72.
Edison International (NYSE:EIX – Get Free Report) last issued its earnings results on Thursday, October 29th. The utilities provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.11. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $5.34 billion. Edison International had a return on equity of 14.17% and a net margin of 20.50%. Edison International’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.34 earnings per share. Equities analysts predict that Edison International will post 6.13 EPS for the current year.
Edison International Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Wednesday, October 7th were paid a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 6.0%. The ex-dividend date was Wednesday, October 7th. Edison International’s payout ratio is presently 37.30%.
Edison International News Summary
Here are the key news stories impacting Edison International this week:
- Positive Sentiment: Edison reported third-quarter adjusted EPS of $1.92, exceeding consensus estimates of $1.81-$1.83. Management also reaffirmed its 2026 core EPS guidance of $5.90-$6.20 and outlined a $38 billion-$41 billion capital-investment plan. Edison International Q3 Earnings Outpace Estimates, Revenues Miss
- Positive Sentiment: The company maintained its earnings outlook despite regulatory challenges, providing some support for the stock’s longer-term investment case. Edison Reaffirms 2026 Core EPS Guidance
- Neutral Sentiment: Barclays raised its price target from $53 to $58 while retaining an “equal weight” rating, suggesting limited expected upside at recent trading levels. Barclays Edison International Ratings
- Neutral Sentiment: Edison was highlighted among high-yield utility stocks, which may attract income-focused investors, although the article does not introduce a material change to the company’s outlook. High-Yield Utilities Article
- Negative Sentiment: Third-quarter revenue fell 15% year over year to $4.89 billion, missing estimates of $5.34 billion, while EPS declined from $2.34 a year earlier. The revenue miss and weaker earnings growth temper the impact of the EPS beat. Q3 Earnings and Revenue Results
- Negative Sentiment: Management stressed the need for urgent California wildfire-liability reform, warning that rising financing costs could restrict grid investment. Delays in reform and potential wildfire claims remain major risks. EIX Earnings Call Highlights Wildfire Reform
- Negative Sentiment: Wells Fargo lowered its price target from $62 to $59 and maintained an “underweight” rating, reinforcing investor concerns about limited upside and regulatory exposure. Wells Fargo Edison International Ratings
Insider Buying and Selling
In other news, Director Peter Taylor sold 500 shares of the company’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $55.56, for a total value of $27,780.00. Following the sale, the director directly owned 33,212 shares of the company’s stock, valued at $1,845,258.72. This represents a 1.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.
Analyst Ratings Changes
EIX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut 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 note on Monday, October 12th. Argus downgraded shares of Edison International from a “buy” rating to a “hold” rating in a research note on Wednesday, August 26th. Mizuho lowered shares of Edison International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $86.00 to $70.00 in a report on Monday, August 31st. UBS Group reissued a “neutral” rating and issued a $57.00 target price on shares of Edison International in a research report on Thursday, September 24th. Finally, Weiss Ratings downgraded Edison International from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $60.73.
Get Our Latest Stock Report on EIX
About Edison International
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.
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