Plato Investment Management Ltd Purchases New Shares in Edison International $EIX

Plato Investment Management Ltd purchased a new position in shares of Edison International (NYSE:EIXFree Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,619 shares of the utilities provider’s stock, valued at approximately $2,784,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Bell Investment Advisors Inc purchased a new stake in Edison International in the 2nd quarter valued at about $31,000. Trivium Point Advisory LLC purchased a new position in shares of Edison International in the 2nd quarter worth approximately $630,000. N.E.W. Advisory Services LLC purchased a new position in shares of Edison International in the 2nd quarter worth approximately $444,000. Private Wealth Advisors LLC bought a new position in shares of Edison International in the second quarter valued at approximately $311,000. Finally, Flputnam Investment Management Co. bought a new stake in Edison International during the second quarter worth $6,352,000. 88.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EIX shares. Truist Financial reduced their price objective on Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a research note on Tuesday, August 4th. Weiss Ratings downgraded shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Bank of America reduced their price target on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. JPMorgan Chase & Co. raised their price objective on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Finally, Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $72.82.

Read Our Latest Stock Analysis on EIX

Edison International Stock Performance

Shares of EIX opened at $71.35 on Monday. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The stock’s fifty day moving average price is $74.02 and its two-hundred day moving average price is $71.67. The firm has a market cap of $27.46 billion, a PE ratio of 7.36, a PEG ratio of 5.54 and a beta of 0.66.

Edison International (NYSE:EIXGet Free Report) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm’s quarterly revenue was down 4.1% compared to the same quarter last year. 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 EPS for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were paid a $0.8775 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. Edison International’s dividend payout ratio (DPR) is presently 36.19%.

Edison International Company 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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