Edison International $EIX Holdings Trimmed by Brookstone Capital Management

Key Points

• Brookstone Capital Management cut its Edison International stake by 9.5% in the first quarter, selling 19,578 shares and leaving it with 187,521 shares worth about $13.7 million.
• Edison International reported better-than-expected quarterly earnings of $1.42 per share, topping analyst estimates, while revenue rose 7.7% year over year to $4.10 billion.
• Wall Street sentiment remains mixed: analysts currently have a Hold consensus on EIX, with a consensus price target of $72.64, while recent insider and institutional activity has been varied.

Brookstone Capital Management reduced its position in shares of Edison International (NYSE:EIX - Free Report) by 9.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,521 shares of the utilities provider's stock after selling 19,578 shares during the period. Brookstone Capital Management's holdings in Edison International were worth $13,723,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EIX. Gradient Investments LLC boosted its holdings in Edison International by 949.8% during the fourth quarter. Gradient Investments LLC now owns 263,056 shares of the utilities provider's stock worth $15,789,000 after buying an additional 237,999 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Edison International by 5.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,346,201 shares of the utilities provider's stock valued at $260,859,000 after buying an additional 220,785 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Edison International by 5.6% during the 4th quarter. Nordea Investment Management AB now owns 1,790,277 shares of the utilities provider's stock valued at $108,204,000 after acquiring an additional 94,727 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Edison International by 59.0% during the 3rd quarter. Victory Capital Management Inc. now owns 2,062,035 shares of the utilities provider's stock valued at $113,989,000 after acquiring an additional 765,562 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Edison International by 128.7% during the 4th quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider's stock worth $1,444,000 after acquiring an additional 13,375 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Trading Up 0.2%

Edison International stock opened at $72.07 on Tuesday. Edison International has a 52 week low of $49.14 and a 52 week high of $76.21. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The firm has a market capitalization of $27.73 billion, a price-to-earnings ratio of 7.82, a P/E/G ratio of 1.25 and a beta of 0.67. The company has a 50 day moving average price of $70.72 and a 200 day moving average price of $67.58.

Edison International (NYSE:EIX - Get Free Report) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.10. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Research analysts forecast that Edison International will post 6.12 EPS for the current year.

Insiders Place Their Bets

In related news, Director Peter J. Taylor sold 500 shares of the company's stock in a transaction on 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 directly owned 34,212 shares of the company's stock, valued at approximately $2,576,163.60. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a 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.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on EIX. Bank of America decreased their target price on Edison International from $80.00 to $78.00 and set a "buy" rating on the stock in a report on Monday, April 20th. Wells Fargo & Company reaffirmed an "underweight" rating and set a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. Barclays decreased their price target on Edison International from $78.00 to $77.00 and set an "overweight" rating for the company in a research report on Wednesday, April 29th. Morgan Stanley dropped their price target on Edison International from $71.00 to $70.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 21st. Finally, Weiss Ratings upgraded Edison International from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, April 15th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $72.64.

Edison International 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.

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