Parallel Advisors LLC Boosts Stake in Edison International (NYSE:EIX)

Market Beat
2025.06.03 08:42

Parallel Advisors LLC increased its stake in Edison International (NYSE:EIX) by 154.5% in Q1, owning 9,490 shares valued at $559,000. Other institutional investors also adjusted their holdings. Edison International's stock is currently down 0.4%, with a market cap of $21.33 billion and a P/E ratio of 16.26. The company reported $1.37 EPS for the last quarter, exceeding estimates, but revenue fell 6.5% year-over-year. Analysts have mixed ratings on the stock, with a consensus price target of $76.89.

Parallel Advisors LLC raised its holdings in Edison International (NYSE:EIX - Free Report) by 154.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,490 shares of the utilities provider's stock after buying an additional 5,761 shares during the period. Parallel Advisors LLC's holdings in Edison International were worth $559,000 as of its most recent SEC filing.

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Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EIX. Bleakley Financial Group LLC raised its holdings in shares of Edison International by 2.9% in the 4th quarter. Bleakley Financial Group LLC now owns 6,297 shares of the utilities provider's stock valued at $503,000 after purchasing an additional 176 shares in the last quarter. Whittier Trust Co. grew its position in Edison International by 4.9% during the 4th quarter. Whittier Trust Co. now owns 4,295 shares of the utilities provider's stock worth $343,000 after purchasing an additional 200 shares during the last quarter. Vontobel Holding Ltd. grew its position in Edison International by 5.0% during the 4th quarter. Vontobel Holding Ltd. now owns 4,579 shares of the utilities provider's stock worth $366,000 after purchasing an additional 216 shares during the last quarter. FSB Premier Wealth Management Inc. grew its position in Edison International by 5.2% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 4,403 shares of the utilities provider's stock worth $352,000 after purchasing an additional 217 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S grew its position in Edison International by 0.4% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 54,673 shares of the utilities provider's stock worth $4,365,000 after purchasing an additional 218 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company's stock.

Edison International Stock Down 0.4%

EIX stock opened at $55.44 on Tuesday. The company has a market cap of $21.33 billion, a P/E ratio of 16.26, a P/E/G ratio of 1.07 and a beta of 0.77. Edison International has a 52 week low of $49.06 and a 52 week high of $88.77. The company's 50-day moving average price is $56.53 and its 200 day moving average price is $63.09. The company has a current ratio of 0.88, a quick ratio of 0.81 and a debt-to-equity ratio of 1.96.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The utilities provider reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.16. The firm had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a net margin of 8.52% and a return on equity of 13.17%. The firm's revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.13 earnings per share. On average, research analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. The Goldman Sachs Group lowered their price objective on shares of Edison International from $88.00 to $68.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Wells Fargo & Company lowered their target price on shares of Edison International from $94.00 to $75.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Morgan Stanley set a $52.00 target price on shares of Edison International and gave the company an "underweight" rating in a report on Thursday, May 22nd. UBS Group raised shares of Edison International from a "neutral" rating to a "buy" rating and lowered their target price for the company from $69.00 to $65.00 in a report on Tuesday, February 18th. Finally, Mizuho lowered their target price on shares of Edison International from $75.00 to $66.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $76.89.

Read Our Latest Stock Report on Edison International

Edison International Company Profile

(Free Report)

Edison International, through its subsidiaries, engages in the generation and distribution of electric power. The company supplies and delivers electricity to approximately 50,000 square mile area of southern California to residential, commercial, industrial, public authorities, agricultural, and other sectors.

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