Edison International $EIX Shares Acquired by Victory Capital Management Inc.

Key Points

• Victory Capital Management raised its stake in Edison International by 59% in Q3, buying 765,562 shares to hold 2,062,035 shares (about $113.99M), roughly 0.54% of the company.
• Edison beat quarterly expectations with EPS of $1.87 vs. $1.47 consensus and revenue of $5.21B, set FY2026 EPS guidance of 5.90–6.20 and FY2027 guidance of 6.25–6.65, and announced a quarterly dividend of $0.8775 (annualized $3.51, ~4.8% yield).
• Institutional investors own about 88.95% of the stock; EIX trades with a market cap of $28.43B and a PE of 6.39, and analysts have a consensus rating of Hold with an average target of $68.56.

Victory Capital Management Inc. increased its stake in Edison International (NYSE:EIX - Free Report) by 59.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,062,035 shares of the utilities provider's stock after buying an additional 765,562 shares during the period. Victory Capital Management Inc. owned about 0.54% of Edison International worth $113,989,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EIX. Norges Bank bought a new stake in shares of Edison International in the 2nd quarter worth about $268,801,000. AQR Capital Management LLC grew its stake in Edison International by 83.5% in the second quarter. AQR Capital Management LLC now owns 9,962,902 shares of the utilities provider's stock worth $510,649,000 after purchasing an additional 4,534,864 shares in the last quarter. Vanguard Group Inc. increased its holdings in Edison International by 4.9% in the second quarter. Vanguard Group Inc. now owns 51,470,117 shares of the utilities provider's stock valued at $2,655,858,000 after buying an additional 2,386,562 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in Edison International by 237.2% during the second quarter. Los Angeles Capital Management LLC now owns 1,904,568 shares of the utilities provider's stock valued at $98,276,000 after buying an additional 1,339,806 shares in the last quarter. Finally, Man Group plc raised its stake in Edison International by 109.6% during the second quarter. Man Group plc now owns 2,314,124 shares of the utilities provider's stock valued at $119,409,000 after buying an additional 1,209,964 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Stock Up 0.0%

EIX stock opened at $73.89 on Thursday. The stock has a market cap of $28.43 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 1.20 and a beta of 0.79. The firm's 50-day simple moving average is $64.96 and its 200 day simple moving average is $59.50. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $75.50. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 1.92.

Edison International (NYSE:EIX - Get Free Report) last posted its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The firm had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period in the previous year, the business posted $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. As a group, sell-side analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be given a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, April 7th. Edison International's dividend payout ratio (DPR) is currently 30.36%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company lowered Edison International from an "equal weight" rating to an "underweight" rating and lifted their target price for the stock from $56.00 to $59.00 in a research report on Tuesday, January 20th. TD Cowen lifted their price objective on shares of Edison International from $71.00 to $83.00 and gave the stock a "buy" rating in a report on Friday, February 20th. Wall Street Zen lowered shares of Edison International from a "buy" rating to a "hold" rating in a research note on Saturday, February 14th. LADENBURG THALM/SH SH reissued a "sell" rating and set a $63.00 target price on shares of Edison International in a report on Thursday. Finally, Mizuho set a $79.00 price target on shares of Edison International in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $68.56.

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.

Want to see what other hedge funds are holding EIX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Edison International (NYSE:EIX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.