34,730 Shares in Edison International $EIX Acquired by Allworth Financial LP

Key Points

• Allworth Financial LP acquired 34,730 shares of Edison International in the second quarter, valued at approximately $2.586 million. Institutional investors collectively own 88.95% of EIX.
• Analyst sentiment is mixed but averages to a “Hold” rating, with three Buys, seven Holds and three Sells; the average price target is $72.45.
• Edison International reported quarterly EPS of $1.54, exceeding estimates of $1.18, while revenue fell 4.1% year over year to $4.36 billion. The company also pays a quarterly dividend of $0.8775 per share, representing an annualized yield of about 4.9%.

Allworth Financial LP bought a new position in Edison International (NYSE:EIX - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 34,730 shares of the utilities provider's stock, valued at approximately $2,586,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Avior Wealth Management LLC lifted its stake in Edison International by 4.7% in the second quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider's stock worth $220,000 after purchasing an additional 134 shares during the last quarter. Equitable Trust Co. grew its position in Edison International by 0.8% during the 1st quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider's stock worth $1,435,000 after acquiring an additional 148 shares during the last quarter. Altshuler Shaham Ltd grew its position in Edison International by 36.6% during the 1st quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider's stock worth $42,000 after acquiring an additional 155 shares during the last quarter. UMB Bank n.a. increased its stake in Edison International by 5.3% in the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider's stock worth $190,000 after purchasing an additional 159 shares during the period. Finally, Paladin Wealth LLC increased its stake in Edison International by 6.3% in the 2nd quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider's stock worth $226,000 after purchasing an additional 181 shares during the period. 88.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EIX has been the subject of a number of analyst reports. Weiss Ratings lowered Edison International from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 12th. Truist Financial decreased their target price on shares of Edison International from $81.00 to $77.00 and set a "hold" rating on the stock in a research note on Tuesday, August 4th. Morgan Stanley lowered their price target on shares of Edison International from $69.00 to $65.00 and set an "underweight" rating for the company in a report on Friday. Mizuho increased their price target on shares of Edison International from $79.00 to $86.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. raised their price target 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. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $72.45.

Edison International Stock Performance

Edison International stock opened at $71.51 on Friday. The stock's 50 day simple moving average is $74.13 and its two-hundred day simple moving average is $71.97. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The stock has a market cap of $27.52 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 5.80 and a beta of 0.66. Edison International has a fifty-two week low of $52.00 and a fifty-two week high of $81.62.

Edison International (NYSE:EIX - Get Free Report) last announced its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) 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 firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The business's 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. As a group, analysts expect that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were given a dividend of $0.8775 per share. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.9%. Edison International's dividend payout ratio (DPR) is currently 36.19%.

Edison International 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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