Edison International $EIX Holdings Boosted by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC raised its stake in Edison International (NYSE:EIXFree Report) by 35.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,176 shares of the utilities provider’s stock after acquiring an additional 8,411 shares during the period. Chicago Partners Investment Group LLC’s holdings in Edison International were worth $2,232,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in EIX. Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Edison International during the 1st quarter worth approximately $26,012,000. Tradewinds LLC. boosted its position in Edison International by 19.7% during the 1st quarter. Tradewinds LLC. now owns 4,201 shares of the utilities provider’s stock valued at $294,000 after purchasing an additional 691 shares during the period. Del Sette Capital Management LLC bought a new position in Edison International during the 1st quarter worth $3,275,000. LGT Fund Management Co Ltd. bought a new position in Edison International during the 1st quarter worth $2,594,000. Finally, Diversify Wealth Management LLC bought a new position in Edison International during the 1st quarter worth $699,000. 88.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EIX. Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 15th. Truist Financial lowered their price target on shares of Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Morgan Stanley reaffirmed an “underweight” rating on shares of Edison International in a report on Wednesday, June 24th. Seaport Research Partners downgraded shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $72.73.

Read Our Latest Analysis on Edison International

Edison International Stock Up 1.0%

EIX opened at $76.72 on Wednesday. Edison International has a 12 month low of $50.19 and a 12 month high of $77.95. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68. The stock has a market cap of $29.52 billion, a P/E ratio of 8.33, a P/E/G ratio of 1.32 and a beta of 0.66. The stock’s 50 day moving average price is $72.19 and its 200 day moving average price is $69.43.

Edison International (NYSE:EIXGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the firm posted $1.37 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts predict that Edison International will post 6.12 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 7th will be paid a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, July 7th. Edison International’s payout ratio is currently 38.11%.

Edison International Profile

(Free Report)

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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Institutional Ownership by Quarter for Edison International (NYSE:EIX)

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