California State Teachers Retirement System Increases Stock Holdings in Edison International $EIX

California State Teachers Retirement System increased its holdings in shares of Edison International (NYSE:EIX - Free Report) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 735,677 shares of the utilities provider's stock after acquiring an additional 54,754 shares during the quarter. California State Teachers Retirement System owned approximately 0.19% of Edison International worth $54,771,153 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. acquired a new position in Edison International in the second quarter valued at about $26,000. Groupe la Francaise bought a new stake in shares of Edison International in the 1st quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Edison International during the 2nd quarter worth approximately $30,000. Bell Investment Advisors Inc purchased a new position in shares of Edison International in the second quarter worth about $31,000. Finally, 10Elms LLP bought a new position in Edison International in the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 88.95% of the company's stock.

Edison International Price Performance

NYSE EIX traded down $1.22 during trading hours on Tuesday, hitting $54.91. The company had a trading volume of 2,507,098 shares, compared to its average volume of 3,438,143. The firm has a market capitalization of $21.13 billion, a price-to-earnings ratio of 5.66, a PEG ratio of 2.25 and a beta of 0.62. The firm has a 50 day simple moving average of $70.39 and a 200 day simple moving average of $71.29. Edison International has a 52 week low of $52.00 and a 52 week high of $81.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio 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, 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 firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same period last year, the business posted $0.97 EPS. The company'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. Equities research analysts expect that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were paid a $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Tuesday, July 7th. Edison International's dividend payout ratio (DPR) is 36.19%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EIX shares. UBS Group cut their price objective on Edison International from $75.00 to $63.00 and set a "neutral" rating for the company in a research note on Tuesday, September 1st. Truist Financial cut their target price on shares of Edison International from $77.00 to $63.00 and set a "hold" rating on the stock in a research note on Thursday, September 3rd. Bank of America lowered shares of Edison International from a "buy" rating to a "neutral" rating and lowered their price target for the company from $81.00 to $51.00 in a research report on Tuesday, September 1st. Argus restated a "hold" rating on shares of Edison International in a research note on Wednesday, August 26th. Finally, Jefferies Financial Group dropped their target price 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. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Edison International presently has an average rating of "Reduce" and a consensus price target of $64.45.

About Edison International

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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