Citizens Financial Group Inc. RI Increases Stock Holdings in Edison International $EIX

Citizens Financial Group Inc. RI lifted its position in Edison International (NYSE:EIXFree Report) by 158.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,551 shares of the utilities provider’s stock after acquiring an additional 7,698 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Edison International were worth $919,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. 10Elms LLP purchased a new stake in Edison International during the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC lifted its position in shares of Edison International by 170.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 281 shares in the last quarter. Ransom Advisory Ltd boosted its stake in 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 purchasing an additional 259 shares during the period. Quest 10 Wealth Builders Inc. boosted its position in shares of Edison International by 866.7% in the fourth quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 702 shares during the period. Finally, DV Equities LLC bought a new position in Edison International in the 4th quarter valued at $52,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Trading Up 1.0%

NYSE 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 stock’s fifty day moving average price is $72.19 and its 200-day moving average price is $69.43. 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 company has a current ratio of 0.74, a quick ratio of 0.68 and a debt-to-equity ratio of 1.98.

Edison International (NYSE:EIXGet Free Report) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.10. The business had revenue of $4.10 billion during 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 business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities analysts forecast that Edison International will post 6.12 EPS for the current fiscal year.

Edison International Announces Dividend

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

Wall Street Analyst Weigh In

EIX has been the subject of several recent analyst reports. Bank of America cut their price objective on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, April 20th. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a report on Wednesday, June 24th. Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Barclays upped their price target on Edison International from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Weiss Ratings raised shares of Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 15th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $72.73.

View Our Latest Stock Report on EIX

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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