Beacon Pointe Advisors LLC Takes Position in Edison International $EIX

Key Points

• Beacon Pointe Advisors purchased 26,383 Edison International shares worth approximately $1.96 million in the second quarter. Institutional investors collectively own 88.95% of the company’s stock.
• Edison International reported quarterly EPS of $1.54, exceeding estimates of $1.18, although revenue fell 4.1% year over year to $4.36 billion. The company maintained fiscal 2026 EPS guidance of $5.90–$6.20.
• The company pays an annualized dividend of $3.51 per share, yielding about 5.0%. Analysts’ consensus rating is Hold, with an average price target of $72.45.

Beacon Pointe Advisors LLC purchased a new position in Edison International (NYSE:EIX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 26,383 shares of the utilities provider's stock, valued at approximately $1,964,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EIX. Jones Financial Companies Lllp raised its holdings in shares of Edison International by 112.9% during the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider's stock worth $577,000 after purchasing an additional 5,190 shares during the period. Empowered Funds LLC raised its stake in shares of Edison International by 2.4% during the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider's stock valued at $523,000 after purchasing an additional 211 shares in the last quarter. Woodline Partners LP lifted its stake in shares of Edison International by 40.7% in the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider's stock worth $1,927,000 after acquiring an additional 9,459 shares during the period. Sivia Capital Partners LLC increased its position in shares of Edison International by 153.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider's stock valued at $451,000 after purchasing an additional 5,290 shares during the period. Finally, Baird Financial Group Inc. acquired a new position in Edison International during the second quarter worth about $302,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Price Performance

NYSE EIX opened at $70.09 on Monday. The stock's 50-day moving average is $74.30 and its two-hundred day moving average is $72.41. 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 fifty-two week low of $52.00 and a fifty-two week high of $81.62. The firm has a market cap of $26.97 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 5.45 and a beta of 0.66.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $4.36 billion during the quarter, compared to analysts' expectations of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The business's quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts anticipate 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. Shareholders of record on Tuesday, July 7th were issued 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 dividend yield of 5.0%. Edison International's dividend payout ratio (DPR) is presently 36.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Weiss Ratings upgraded Edison International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday. Barclays restated an "equal weight" rating and set a $75.00 price objective (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Argus reaffirmed a "hold" rating on shares of Edison International in a research note on Wednesday, August 26th. Morgan Stanley dropped their target price on shares of Edison International from $69.00 to $65.00 and set an "underweight" rating on the stock in a research report on Friday, August 21st. Finally, Mizuho boosted their price target on shares of Edison International from $79.00 to $86.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $72.45.

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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