Edison International $EIX Shares Newly Acquired by Ninety One SA Pty Ltd

Key Points

• Ninety One SA Pty Ltd acquired 27,294 Edison International shares worth approximately $1.47 million in the third quarter. Institutional investors collectively own 88.95% of the company.
• Edison International reported quarterly earnings of $1.54 per share, exceeding the $1.18 analyst consensus, while revenue fell 4.1% year over year to $4.36 billion. The company reaffirmed fiscal 2026 EPS guidance of $5.90–$6.20.
• The company announced a quarterly dividend of $0.8775 per share, implying a 6.3% annualized yield. Analyst sentiment remains cautious, with a consensus “Reduce” rating and a $60.75 price target.

Ninety One SA Pty Ltd acquired a new position in shares of Edison International (NYSE:EIX - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,294 shares of the utilities provider's stock, valued at approximately $1,468,000.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Edison International in the second quarter worth $3,340,412,000. Legal & General Group Plc acquired a new stake in shares of Edison International in the second quarter valued at $329,766,000. Bank of New York Mellon Corp bought a new position in shares of Edison International in the second quarter valued at about $309,361,000. Amundi raised its holdings in shares of Edison International by 27.0% in the second quarter. Amundi now owns 3,570,726 shares of the utilities provider's stock valued at $265,843,000 after buying an additional 759,236 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Edison International in the second quarter valued at about $261,275,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Trading Up 0.2%

Shares of NYSE EIX traded up $0.12 during mid-day trading on Thursday, hitting $55.56. The company's stock had a trading volume of 1,419,226 shares, compared to its average volume of 3,678,675. Edison International has a one year low of $51.10 and a one year high of $81.62. The company's fifty day simple moving average is $60.67 and its 200-day simple moving average is $68.51. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The stock has a market cap of $21.38 billion, a price-to-earnings ratio of 5.72, a price-to-earnings-growth ratio of 2.23 and a beta of 0.62.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. Edison International'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. On average, sell-side analysts anticipate 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 will be paid on Saturday, October 31st. Shareholders of record on Wednesday, October 7th will be given a dividend of $0.8775 per share. The ex-dividend date is Wednesday, October 7th. This represents a $3.51 annualized dividend and a dividend yield of 6.3%. Edison International's payout ratio is presently 36.19%.

Insider Activity at Edison International

In other news, Director Peter Taylor sold 500 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $55.56, for a total value of $27,780.00. Following the transaction, the director owned 33,212 shares of the company's stock, valued at $1,845,258.72. This represents a 1.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Truist Financial reduced their price target on shares of Edison International from $63.00 to $62.00 and set a "hold" rating on the stock in a research report on Monday. Bank of America lowered shares of Edison International from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $81.00 to $51.00 in a research report on Tuesday, September 1st. Mizuho reiterated a "neutral" rating and set a $70.00 target price (down from $86.00) on shares of Edison International in a research report on Monday, August 31st. Jefferies Financial Group reissued an "underperform" rating and set a $42.00 price target (down from $53.00) on shares of Edison International in a research note on Friday, October 2nd. Finally, Morgan Stanley decreased their price target on shares of Edison International from $65.00 to $60.00 and set an "underweight" rating on the stock in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Edison International has an average rating of "Reduce" and a consensus price target of $60.75.

About Edison International

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International's history is rooted in Southern California Edison, which traces its origins to the late 19th century.

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.