BlackRock Inc. Makes New $3.34 Billion Investment in Edison International $EIX

Key Points

• BlackRock acquired 44.9 million Edison International shares during the second quarter, valued at approximately $3.34 billion and representing an 11.66% stake. Institutional investors collectively own 88.95% of the utility company.
• Edison International reported quarterly EPS of $1.54, exceeding analysts’ $1.18 estimate, although revenue declined 4.1% year over year to $4.36 billion. Management provided fiscal 2026 EPS guidance of $5.90–$6.20.
• The company pays an annualized dividend of $3.51 per share, yielding about 4.8%. Analysts have a consensus “Hold” rating and an average price target of $72.82, below the reported share price of $73.73.

BlackRock Inc. acquired a new position in shares of Edison International (NYSE:EIX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 44,867,854 shares of the utilities provider's stock, valued at approximately $3,340,412,000. BlackRock Inc. owned about 11.66% of Edison International as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Edison International by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider's stock worth $3,134,268,000 after purchasing an additional 480,726 shares in the last quarter. State Street Corp boosted its position in shares of Edison International by 3.0% during the 4th quarter. State Street Corp now owns 33,141,204 shares of the utilities provider's stock valued at $1,989,135,000 after purchasing an additional 953,800 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Edison International by 69.9% during the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider's stock worth $1,097,475,000 after buying an additional 7,521,168 shares in the last quarter. Geode Capital Management LLC boosted its stake in Edison International by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider's stock worth $803,407,000 after acquiring an additional 386,905 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Edison International by 12.3% in the 4th quarter. Northern Trust Corp now owns 6,070,324 shares of the utilities provider's stock valued at $364,341,000 after buying an additional 662,477 shares during the period. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Trading Up 3.4%

NYSE:EIX opened at $73.73 on Wednesday. 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 firm has a market cap of $28.37 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 5.54 and a beta of 0.66. Edison International has a 52 week low of $52.00 and a 52 week high of $81.62. The firm has a 50-day moving average price of $74.08 and a two-hundred day moving average price of $71.81.

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 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 the consensus estimate of $4.82 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The business's revenue for the quarter was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities analysts expect that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The firm also recently announced 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 yield of 4.8%. Edison International's payout ratio is presently 36.19%.

Wall Street Analysts Forecast Growth

EIX has been the subject of several recent research reports. Wells Fargo & Company restated an "underweight" rating and set a $62.00 price objective on shares of Edison International in a report on Tuesday, April 21st. Morgan Stanley reiterated an "underweight" rating and issued a $69.00 target price on shares of Edison International in a report on Wednesday, July 22nd. Barclays reissued an "equal weight" rating and issued a $75.00 price target (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Truist Financial decreased 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. Finally, Mizuho upped their price objective on shares of Edison International from $79.00 to $86.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $72.82.

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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