144,085 Edison International $EIX Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners LLC reduced its Edison International stake by 93.9%, selling 144,085 shares and retaining 9,305 shares valued at approximately $500,000. Institutional investors and hedge funds still own 88.95% of the company.
• Edison International shares opened at $56.05, near their one-year low of $51.10 and below the 50-day and 200-day moving averages. Analysts have a consensus “Reduce” rating and an average price target of $60.75.
• The company reported quarterly EPS of $1.54, beating estimates of $1.18, and declared a quarterly dividend of $0.8775, equivalent to an annualized yield of approximately 6.3%.

Curated Wealth Partners LLC cut its holdings in shares of Edison International (NYSE:EIX - Free Report) by 93.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,305 shares of the utilities provider's stock after selling 144,085 shares during the quarter. Curated Wealth Partners LLC's holdings in Edison International were worth $500,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rakuten Investment Management Inc. purchased a new position in shares of Edison International in the 2nd quarter valued at about $4,750,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Edison International in the 2nd quarter valued at $33,328,000. Jupiter Topco LLC acquired a new position in Edison International during the second quarter worth approximately $3,577,000. Corient Private Wealth LP raised its holdings in shares of Edison International by 49.7% in the second quarter. Corient Private Wealth LP now owns 136,621 shares of the utilities provider's stock valued at $10,171,000 after buying an additional 45,336 shares during the last quarter. Finally, Allworth Financial LP acquired a new stake in shares of Edison International during the second quarter worth $2,586,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Price Performance

EIX opened at $56.05 on Friday. The company has a 50-day moving average of $60.19 and a 200-day moving average of $68.32. Edison International has a 1-year low of $51.10 and a 1-year high of $81.62. The company has a market capitalization of $21.57 billion, a P/E ratio of 7.76, a PEG ratio of 2.35 and a beta of 0.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66.

Edison International (NYSE:EIX - Get Free Report) last released its earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.36. The company had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%. Edison International's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts expect that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Shareholders of record on Wednesday, October 7th will be paid a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Wednesday, October 7th. Edison International's payout ratio is presently 36.19%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EIX. The Goldman Sachs Group set a $67.00 price target on shares of Edison International in a research note on Thursday. Argus reissued a "hold" rating on shares of Edison International in a research note on Wednesday, August 26th. 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. Morgan Stanley dropped their price target on Edison International from $65.00 to $60.00 and set an "underweight" rating for the company in a research note on Friday, September 18th. Finally, Bank of America lowered shares of Edison International from a "buy" rating to a "neutral" rating and reduced their target price for the company from $81.00 to $51.00 in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Edison International currently has an average rating of "Reduce" and a consensus target price of $60.75.

Insider Transactions at Edison International

In related news, Director Peter Taylor sold 500 shares of the company's stock in a transaction on Monday, October 12th. The stock was sold at an average price of $55.56, for a total transaction of $27,780.00. Following the completion of the transaction, the director directly owned 33,212 shares in the company, valued at $1,845,258.72. This represents a 1.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by corporate insiders.

About Edison International

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International's history is rooted in Southern California Edison, which traces its origins to the late 19th century.

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