Edison International $EIX Shares Acquired by Corient Private Wealth LP

Key Points

• Corient Private Wealth increased its Edison International stake by 49.7% in the second quarter, bringing its holdings to 136,621 shares valued at approximately $10.2 million. Institutional investors collectively own 88.95% of the company.
• Edison International reported quarterly EPS of $1.54, exceeding the $1.18 analyst consensus, though revenue declined 4.1% year over year to $4.36 billion. The company reaffirmed fiscal 2026 EPS guidance of $5.90 to $6.20.
• The stock opened at $54.78, near its 12-month low, while analysts largely remain cautious; the consensus rating is “Reduce” with an average price target of $64.45. Edison offers a quarterly dividend of $0.8775 per share, representing a 6.4% annualized yield.

Corient Private Wealth LP increased its position in shares of Edison International (NYSE:EIX - Free Report) by 49.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 136,621 shares of the utilities provider's stock after purchasing an additional 45,336 shares during the period. Corient Private Wealth LP's holdings in Edison International were worth $10,171,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Edison International during the second quarter worth $3,340,412,000. Geode Capital Management LLC lifted its holdings in Edison International by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider's stock valued at $803,407,000 after acquiring an additional 386,905 shares during the period. Norges Bank acquired a new stake in Edison International in the fourth quarter valued at $339,311,000. Goldman Sachs Group Inc. boosted its position in shares of Edison International by 41.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider's stock worth $329,924,000 after purchasing an additional 1,609,847 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Edison International during the 2nd quarter worth $329,766,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Price Performance

Shares of Edison International 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. Edison International has a twelve month low of $52.00 and a twelve month high of $81.62. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. The stock has a market capitalization of $21.08 billion, a P/E ratio of 5.65, a PEG ratio of 2.20 and a beta of 0.62.

Edison International (NYSE:EIX - Get Free Report) last issued 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. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The business had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the firm posted $0.97 EPS. The business's revenue for the quarter was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts anticipate that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

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

Analyst Upgrades and Downgrades

EIX has been the subject of several research reports. Argus reaffirmed a "hold" rating on shares of Edison International in a report on Wednesday, August 26th. Truist Financial lowered their target price on Edison International from $77.00 to $63.00 and set a "hold" rating on the stock in a report on Thursday, September 3rd. JPMorgan Chase & Co. dropped their price target on Edison International from $82.00 to $61.00 and set a "neutral" rating for the company in a research report on Wednesday, September 2nd. Mizuho reaffirmed a "neutral" rating and set a $70.00 price target (down from $86.00) on shares of Edison International in a research note on Monday, August 31st. Finally, Jefferies Financial Group decreased 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. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average target price 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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