Baird Financial Group Inc. Trims Stock Holdings in Edison International $EIX

Key Points

• Baird Financial Group cut its Edison International position by 85.1% in the second quarter, selling 197,452 shares and retaining 34,508 shares valued at approximately $2.57 million. Institutional investors still own 88.95% of the company.
• Analyst sentiment has weakened, with Bank of America, UBS, Jefferies, and Weiss Ratings lowering their assessments or price targets. Edison International has an average “Reduce” rating and a consensus price target of $64.45.
• Edison International beat quarterly EPS expectations, reporting $1.54 versus the $1.18 consensus, but revenue declined 4.1% year over year. The company pays an annualized $3.51 dividend, representing a yield of about 6.4%.

Baird Financial Group Inc. reduced its position in Edison International (NYSE:EIX - Free Report) by 85.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,508 shares of the utilities provider's stock after selling 197,452 shares during the quarter. Baird Financial Group Inc.'s holdings in Edison International were worth $2,569,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EIX. 10Elms LLP purchased a new position in shares of Edison International during the fourth quarter worth about $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Edison International during the 2nd quarter valued at approximately $26,000. Groupe la Francaise purchased a new stake in Edison International during the 1st quarter valued at approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Edison International during the 2nd quarter worth approximately $30,000. Finally, Bell Investment Advisors Inc acquired a new stake in Edison International during the 2nd quarter worth approximately $31,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EIX shares. Bank of America lowered Edison International from a "buy" rating to a "neutral" rating and dropped their target price for the company from $81.00 to $51.00 in a report on Tuesday, September 1st. UBS Group decreased their price target on Edison International from $75.00 to $63.00 and set a "neutral" rating for the company in a report on Tuesday, September 1st. Jefferies Financial Group lowered their price objective on shares of Edison International from $68.00 to $53.00 and set a "hold" rating on the stock in a research report on Monday. Weiss Ratings cut shares of Edison International from a "buy (b-)" rating to a "hold (c)" rating in a research note on Thursday, September 10th. Finally, Argus reissued a "hold" rating on shares of Edison International in a research note on Wednesday, August 26th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Edison International has an average rating of "Reduce" and an average target price of $64.45.

Edison International Trading Up 0.4%

Shares of EIX stock opened at $54.78 on Thursday. The business's fifty day moving average price is $69.57 and its 200 day moving average price is $71.01. The firm has a market capitalization of $21.08 billion, a PE ratio of 5.65, a P/E/G ratio of 2.20 and a beta of 0.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. 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 released its earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.36. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.Edison International's quarterly revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, sell-side analysts forecast that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were issued a $0.8775 dividend. 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 6.4%. Edison International's dividend payout ratio (DPR) is 36.19%.

Edison International Company Profile

Edison International NYSE: EIX is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.

SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.

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