Daiichi Life Insurance Co. Ltd. purchased a new position in Edison International (NYSE:EIX – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 43,061 shares of the utilities provider’s stock, valued at approximately $3,206,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. 10Elms LLP bought a new position in Edison International in the 4th quarter worth about $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Edison International during the 2nd quarter valued at about $26,000. Transamerica Financial Advisors LLC boosted its position in shares of Edison International by 170.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 281 shares during the last quarter. Groupe la Francaise purchased a new position in shares of Edison International during the first quarter worth about $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Edison International during the second quarter worth about $30,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.
Analysts Set New Price Targets
Several research analysts recently weighed in on the stock. Barclays restated an “equal weight” rating and issued a $75.00 price objective (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Mizuho boosted their price target on shares of Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Truist Financial cut their price target on shares of Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a research note on Tuesday, August 4th. Morgan Stanley decreased their price target on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a report on Friday. Finally, Weiss Ratings cut shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $72.45.
Edison International Trading Down 0.1%
EIX stock opened at $71.51 on Monday. The company has a market capitalization of $27.52 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 5.56 and a beta of 0.66. Edison International has a one year low of $52.00 and a one year high of $81.62. The company’s 50 day moving average price is $74.13 and its two-hundred day moving average price is $72.05. 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 announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm’s revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts predict that Edison International will post 6.13 earnings per share for the current fiscal year.
Edison International Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were paid a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is 36.19%.
Edison International Company Profile
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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