Jefferies Financial Group Inc. Invests $1.32 Million in Edison International $EIX

Key Points

• Jefferies Financial Group opened a new position in Edison International, buying 21,925 shares worth about $1.32 million in the fourth quarter.
• Analyst sentiment on EIX is mixed but cautious: several firms recently downgraded the stock, and MarketBeat shows an overall "Hold" rating with an average price target of $72.64.
• Edison International reported better-than-expected quarterly EPS of $1.42 versus $1.32 consensus, though revenue came in slightly below expectations; the stock was down 1.9% and opened at $70.28.

Jefferies Financial Group Inc. bought a new position in Edison International (NYSE:EIX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 21,925 shares of the utilities provider's stock, valued at approximately $1,316,000.

Several other hedge funds also recently made changes to their positions in the company. Activest Wealth Management lifted its position in shares of Edison International by 677.8% in the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider's stock worth $31,000 after buying an additional 488 shares during the last quarter. Ransom Advisory Ltd lifted its position in shares of Edison International by 74.9% in the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider's stock worth $36,000 after buying an additional 259 shares during the last quarter. Ameriflex Group Inc. lifted its position in shares of Edison International by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider's stock worth $41,000 after buying an additional 371 shares during the last quarter. Quest 10 Wealth Builders Inc. lifted its position in shares of Edison International by 866.7% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider's stock worth $47,000 after buying an additional 702 shares during the last quarter. Finally, LRI Investments LLC bought a new position in shares of Edison International in the 3rd quarter worth about $53,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Analysts Set New Price Targets

EIX has been the topic of a number of recent research reports. Wall Street Zen downgraded shares of Edison International from a "buy" rating to a "hold" rating in a research report on Saturday, February 14th. Seaport Research Partners downgraded shares of Edison International from a "buy" rating to a "neutral" rating in a research report on Monday, April 20th. JPMorgan Chase & Co. raised their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a "neutral" rating in a research report on Friday, May 15th. Barclays reduced their price target on shares of Edison International from $78.00 to $77.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of Edison International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, April 15th. Four research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Edison International currently has an average rating of "Hold" and an average target price of $72.64.

Edison International Stock Down 1.9%

EIX stock opened at $70.28 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $76.21. The firm's 50-day simple moving average is $71.01 and its 200 day simple moving average is $66.01. The stock has a market cap of $27.04 billion, a PE ratio of 7.63, a price-to-earnings-growth ratio of 1.24 and a beta of 0.68.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.10. The business had revenue of $4.10 billion for the quarter, compared to analysts' expectations 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 for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, sell-side analysts predict that Edison International will post 6.12 EPS for the current year.

Insiders Place Their Bets

In other Edison International news, Director Peter J. Taylor sold 500 shares of Edison International 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 sale, the director owned 34,212 shares of the company's stock, valued at $2,576,163.60. The trade was a 1.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by insiders.

Edison International Company 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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