EP Wealth Advisors LLC Takes $1.71 Million Position in Edison International $EIX

EP Wealth Advisors LLC acquired a new stake in Edison International (NYSE:EIX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,958 shares of the utilities provider's stock, valued at approximately $1,709,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in Edison International in the 2nd quarter valued at about $56,000. Ieq Capital LLC purchased a new stake in shares of Edison International in the 2nd quarter valued at approximately $82,345,000. Callan Family Office LLC acquired a new stake in shares of Edison International during the 2nd quarter worth approximately $377,000. OneAscent Financial Services LLC acquired a new stake in shares of Edison International during the 2nd quarter worth approximately $692,000. Finally, Allworth Financial LP purchased a new stake in shares of Edison International during the 2nd quarter valued at approximately $2,586,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Price Performance

Edison International stock opened at $71.51 on Friday. The company's 50 day simple moving average is $74.13 and its 200-day simple moving average is $71.97. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62. The company has a market capitalization of $27.52 billion, a price-to-earnings ratio of 7.37, a price-to-earnings-growth ratio of 5.56 and a beta of 0.66.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings data 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 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 company posted $0.97 EPS. The firm's quarterly revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts expect that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently declared 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. This represents a $3.51 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Tuesday, July 7th. Edison International's dividend payout ratio is 36.19%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Truist Financial decreased their price objective on Edison International from $81.00 to $77.00 and set a "hold" rating on the stock in a report on Tuesday, August 4th. Morgan Stanley cut their target price on Edison International from $69.00 to $65.00 and set an "underweight" rating for the company in a research note on Friday. Weiss Ratings downgraded Edison International from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, August 12th. Mizuho upped their price target on Edison International from $79.00 to $86.00 and gave the company an "outperform" rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. upped their price target on Edison International from $75.00 to $76.00 and gave the company a "neutral" rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $72.45.

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.

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