Edison International $EIX Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors cut its Edison International stake by 89.9% in the first quarter, selling 171,512 shares and retaining 19,233 shares valued at approximately $1.41 million. Institutional investors collectively own 88.95% of the company.
• Analysts maintain a consensus “Hold” rating on EIX, with a $72.82 average price target; ratings include four Buys, six Holds, and three Sells.
• Edison International exceeded quarterly EPS expectations with $1.54 versus the $1.18 consensus estimate, despite revenue falling 4.1% year over year. The company also pays an annualized dividend of $3.51 per share, yielding about 5.1%.

Pacer Advisors Inc. lessened its stake in shares of Edison International (NYSE:EIX - Free Report) by 89.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,233 shares of the utilities provider's stock after selling 171,512 shares during the quarter. Pacer Advisors Inc.'s holdings in Edison International were worth $1,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Equitable Trust Co. raised its holdings in shares of Edison International by 0.8% during the 1st quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider's stock valued at $1,435,000 after buying an additional 148 shares during the period. Altshuler Shaham Ltd increased its stake in Edison International by 36.6% during the 1st quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider's stock worth $42,000 after buying an additional 155 shares during the period. UMB Bank n.a. increased its stake in Edison International by 5.3% during the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider's stock worth $190,000 after buying an additional 159 shares during the period. Sterling Group Wealth Management LLC lifted its holdings in Edison International by 2.7% in the 1st quarter. Sterling Group Wealth Management LLC now owns 7,213 shares of the utilities provider's stock worth $528,000 after buying an additional 190 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in Edison International by 6.2% in the 4th quarter. Huntington National Bank now owns 3,351 shares of the utilities provider's stock worth $201,000 after buying an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. 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 note on Friday, May 15th. Morgan Stanley restated an "underweight" rating and set a $69.00 price objective on shares of Edison International in a research report on Wednesday, July 22nd. Wells Fargo & Company restated an "underweight" rating and issued a $62.00 target price on shares of Edison International in a research report on Tuesday, April 21st. Mizuho raised their price target on Edison International from $79.00 to $86.00 and gave the company an "outperform" rating in a report on Friday, July 31st. Finally, Bank of America dropped their target price on Edison International from $80.00 to $78.00 and set a "buy" rating on the stock in a report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $72.82.

Edison International Price Performance

Shares of NYSE:EIX opened at $68.57 on Friday. The stock has a market capitalization of $26.39 billion, a P/E ratio of 7.07, a P/E/G ratio of 5.33 and a beta of 0.66. 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 business has a 50-day moving average of $74.17 and a two-hundred day moving average of $71.29. Edison International has a fifty-two week low of $52.00 and a fifty-two week 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 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The firm'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. On average, equities research analysts predict that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The firm 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. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.1%. Edison International's 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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