Ausdal Financial Partners Inc. Buys Shares of 19,517 Edison International $EIX

Key Points

• Ausdal Financial Partners purchased 19,517 shares of Edison International during the second quarter, valued at approximately $1.45 million. Institutional investors collectively own 88.95% of the company.
• Analyst sentiment remains mixed, with three Buy, eight Hold, and three Sell ratings; the consensus rating is Hold with an average price target of $72.45.
• Edison International reported quarterly EPS of $1.54, beating estimates of $1.18, while revenue fell 4.1% year over year to $4.36 billion. The company also pays an annualized dividend of $3.51 per share, yielding about 4.7%.

Ausdal Financial Partners Inc. purchased a new stake in Edison International (NYSE:EIX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,517 shares of the utilities provider's stock, valued at approximately $1,453,000.

Other hedge funds have also recently modified their holdings of the company. 10Elms LLP purchased a new stake in shares of Edison International during the 4th quarter worth $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in Edison International during the second quarter valued at about $26,000. Transamerica Financial Advisors LLC grew its stake in Edison International by 170.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 281 shares during the last quarter. Groupe la Francaise purchased a new position in Edison International in the first quarter valued at about $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Edison International in the second quarter worth about $30,000. Hedge funds and other institutional investors own 88.95% of the company's stock.

Analyst Ratings Changes

EIX has been the subject of several recent analyst reports. Mizuho raised their target price on shares of Edison International from $79.00 to $86.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Morgan Stanley reduced their price target on Edison International from $69.00 to $65.00 and set an "underweight" rating on the stock in a research report on Friday, August 21st. Truist Financial decreased their price objective 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 cut Edison International from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. raised their price objective on Edison International from $75.00 to $76.00 and gave the stock a "neutral" rating in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $72.45.

Edison International Price Performance

NYSE EIX opened at $74.69 on Thursday. The company has a market cap of $28.74 billion, a price-to-earnings ratio of 7.70, a PEG ratio of 5.81 and a beta of 0.66. 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 $74.30 and its 200 day moving average price is $72.30. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $4.82 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. The firm'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, equities research analysts forecast that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.7%. 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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