Edison International $EIX Shares Purchased by Janus Henderson Group PLC

Key Points

• Janus Henderson Group increased its Edison International position by 50.9% in the first quarter, owning 47,966 shares valued at $3.51 million. Institutional investors collectively hold 88.95% of the company’s stock.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $72.82; targets range from $69 to $86.
• Edison International reported quarterly EPS of $1.54, beating estimates of $1.18, though revenue fell 4.1% year over year to $4.36 billion. The company also maintains a quarterly dividend of $0.8775 per share, producing a 5.1% annualized yield.

Janus Henderson Group PLC increased its position in shares of Edison International (NYSE:EIX - Free Report) by 50.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,966 shares of the utilities provider's stock after buying an additional 16,175 shares during the period. Janus Henderson Group PLC's holdings in Edison International were worth $3,511,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in Edison International by 112.9% in the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider's stock worth $577,000 after purchasing an additional 5,190 shares during the period. Empowered Funds LLC increased its position in shares of Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider's stock valued at $523,000 after buying an additional 211 shares in the last quarter. Woodline Partners LP increased its position in shares of Edison International by 40.7% in the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider's stock valued at $1,927,000 after buying an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Edison International by 153.6% during the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider's stock worth $451,000 after buying an additional 5,290 shares during the period. Finally, Baird Financial Group Inc. purchased a new position in shares of Edison International during the 2nd quarter valued at approximately $302,000. Hedge funds and other institutional investors own 88.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EIX shares. Morgan Stanley reissued an "underweight" rating and issued a $69.00 price target on shares of Edison International in a research note on Wednesday, July 22nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Edison International in a research report on Monday, July 13th. Barclays reissued an "equal weight" rating and set a $75.00 target price (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Bank of America reduced their price target on shares of Edison International from $80.00 to $78.00 and set a "buy" rating for the company in a research report on Monday, April 20th. Finally, Mizuho lifted their price objective on Edison International from $79.00 to $86.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Edison International has a consensus rating of "Hold" and a consensus target price of $72.82.

Edison International Trading Up 2.0%

Shares of Edison International stock opened at $68.57 on Friday. The stock has a market cap of $26.39 billion, a P/E ratio of 7.07, a P/E/G ratio of 5.22 and a beta of 0.66. The stock's 50 day simple moving average is $74.17 and its 200-day simple moving average is $71.29. Edison International has a 1-year low of $52.00 and a 1-year high of $81.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $4.82 billion. During the same quarter last year, the firm earned $0.97 earnings per share. The business'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. 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. Stockholders of record on Tuesday, July 7th were issued a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Tuesday, July 7th. Edison International's payout ratio is currently 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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