Gabelli Funds LLC Sells 17,200 Shares of Edison International $EIX

Key Points

• Gabelli Funds LLC reduced its stake in Edison International by 6.1%, selling 17,200 shares and ending the quarter with 263,500 shares valued at about $14.57 million.
• Edison International reported a quarterly EPS of $1.87 (beating estimates) and set FY2026 guidance of 5.900–6.200 EPS and FY2027 guidance of 6.250–6.650; the company recently declared a quarterly dividend of $0.8775 (annualized $3.51) for a yield of about 4.9%.
• Analysts are mixed—consensus rating is “Hold” with a $68.56 price target—while the stock trades at a market cap of roughly $27.6 billion and a PE of about 6.2.

Gabelli Funds LLC decreased its position in Edison International (NYSE:EIX - Free Report) by 6.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 263,500 shares of the utilities provider's stock after selling 17,200 shares during the period. Gabelli Funds LLC owned approximately 0.07% of Edison International worth $14,566,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. MAI Capital Management lifted its position in shares of Edison International by 20.8% in the 2nd quarter. MAI Capital Management now owns 1,172 shares of the utilities provider's stock worth $60,000 after purchasing an additional 202 shares during the period. Empowered Funds LLC boosted its stake in shares of Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider's stock valued at $523,000 after purchasing an additional 211 shares during the last quarter. Michels Family Financial LLC increased its position in shares of Edison International by 1.5% during the third quarter. Michels Family Financial LLC now owns 15,217 shares of the utilities provider's stock worth $841,000 after buying an additional 231 shares during the period. Generali Asset Management SPA SGR raised its stake in Edison International by 0.7% during the third quarter. Generali Asset Management SPA SGR now owns 31,539 shares of the utilities provider's stock worth $1,743,000 after buying an additional 234 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators raised its stake in Edison International by 30.7% during the third quarter. Deseret Mutual Benefit Administrators now owns 1,014 shares of the utilities provider's stock worth $56,000 after buying an additional 238 shares during the last quarter. Institutional investors own 88.95% of the company's stock.

Edison International Stock Up 0.8%

Shares of NYSE EIX opened at $71.80 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The firm has a market cap of $27.63 billion, a PE ratio of 6.21, a P/E/G ratio of 1.17 and a beta of 0.79. The company's fifty day simple moving average is $65.43 and its 200 day simple moving average is $59.71. Edison International has a 12-month low of $47.73 and a 12-month high of $75.50.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.47 by $0.40. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same period in the previous year, the firm posted $1.05 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. As a group, sell-side analysts forecast that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be paid a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International's dividend payout ratio is 30.36%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays upped their price target on shares of Edison International from $67.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, February 19th. Jefferies Financial Group lowered their price objective on Edison International from $59.00 to $54.00 and set a "hold" rating for the company in a research report on Wednesday, January 28th. TD Cowen boosted their price objective on Edison International from $71.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, February 20th. Mizuho set a $79.00 target price on Edison International in a research report on Thursday, February 19th. Finally, LADENBURG THALM/SH SH reaffirmed a "sell" rating and set a $63.00 target price on shares of Edison International in a research note on Thursday. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, Edison International has a consensus rating of "Hold" and a consensus price target of $68.56.

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.

Want to see what other hedge funds are holding EIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Edison International (NYSE:EIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.