Compass Financial Management LLC Acquires Shares of 19,721 Edison International $EIX

Key Points

• Compass Financial Management acquired 19,721 shares of Edison International in the second quarter, valued at approximately $1.46 million. Institutional investors collectively own 88.95% of the utility company.
• Analysts maintain a consensus “Hold” rating, with a $72.45 average price target. Recent targets ranged from $65 to $86, reflecting mixed views on the stock.
• Edison International beat quarterly earnings estimates with $1.54 in EPS versus $1.18 expected, though revenue fell 4.1% year over year. The company pays an annualized dividend of $3.51 per share, yielding about 4.9%.

Compass Financial Management LLC acquired a new stake in Edison International (NYSE:EIX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,721 shares of the utilities provider's stock, valued at approximately $1,464,000.

A number of other hedge funds have also recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in shares of Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider's stock valued at $329,924,000 after purchasing an additional 1,609,847 shares during the period. Allworth Financial LP acquired a new stake in Edison International during the second quarter valued at $2,586,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in Edison International during the first quarter valued at $1,503,000. Chicago Partners Investment Group LLC grew its position in Edison International by 128.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider's stock valued at $1,444,000 after buying an additional 13,375 shares during the period. Finally, Del Sette Capital Management LLC purchased a new position in Edison International in the first quarter valued at $3,275,000. Hedge funds and other institutional investors own 88.95% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on EIX shares. Truist Financial decreased their price objective on shares of Edison International from $81.00 to $77.00 and set a "hold" rating for the company in a research report on Tuesday, August 4th. JPMorgan Chase & Co. raised their target price on Edison International from $75.00 to $76.00 and gave the company a "neutral" rating in a research report on Friday, May 15th. Barclays restated an "equal weight" rating and issued a $75.00 price target (down from $78.00) on shares of Edison International 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 for the company in a report on Friday. Finally, Mizuho increased their price target on Edison International from $79.00 to $86.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Three 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $72.45.

Edison International Price Performance

Shares of NYSE EIX opened at $71.51 on Friday. The firm has a market cap of $27.52 billion, a PE ratio of 7.37, a PEG ratio of 5.56 and a beta of 0.66. The firm has a fifty day moving average of $74.13 and a 200 day moving average of $71.97. 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 has a one year low of $52.00 and a one year high of $81.62.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, topping 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 firm's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts predict that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were given a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Tuesday, July 7th. Edison International's dividend payout ratio is 36.19%.

About Edison International

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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