Trivium Point Advisory LLC acquired a new position in Edison International (NYSE:EIX – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,459 shares of the utilities provider’s stock, valued at approximately $630,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in Edison International by 69.9% in the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after purchasing an additional 7,521,168 shares during the period. Norges Bank bought a new position in shares of Edison International during the 4th quarter worth about $339,311,000. Bank of New York Mellon Corp bought a new position in shares of Edison International during the 2nd quarter worth about $309,361,000. Goldman Sachs Group Inc. raised its position in shares of Edison International by 41.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock valued at $329,924,000 after buying an additional 1,609,847 shares during the last quarter. Finally, Assetmark Inc. raised its position in shares of Edison International by 1,118.0% during the first quarter. Assetmark Inc. now owns 1,601,327 shares of the utilities provider’s stock valued at $117,185,000 after buying an additional 1,469,860 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on EIX. JPMorgan Chase & Co. increased 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. Wells Fargo & Company restated an “underweight” rating and set a $62.00 price target on shares of Edison International in a research note on Tuesday, April 21st. Truist Financial cut their price target on Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a report on Tuesday, August 4th. Weiss Ratings downgraded Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, Morgan Stanley reissued an “underweight” rating and set a $69.00 price objective on shares of Edison International in a report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Edison International has a consensus rating of “Hold” and a consensus target price of $72.82.
Edison International Trading Down 0.1%
Shares of EIX stock opened at $71.35 on Monday. The firm has a fifty day moving average of $74.02 and a 200-day moving average of $71.67. The stock has a market cap of $27.46 billion, a price-to-earnings ratio of 7.36, a P/E/G ratio of 5.54 and a beta of 0.66. Edison International has a 52-week low of $52.00 and a 52-week high of $81.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66.
Edison International (NYSE:EIX – Get Free Report) last issued its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.36. The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The firm’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts forecast that Edison International will post 6.13 earnings per share for the current fiscal year.
Edison International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were paid a dividend of $0.8775 per share. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.9%. Edison International’s dividend payout ratio (DPR) is currently 36.19%.
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.
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