Flputnam Investment Management Co. Purchases New Shares in Edison International $EIX

Key Points

• Flputnam Investment Management purchased 85,317 shares of Edison International during the second quarter, worth approximately $6.35 million. Institutional investors collectively own 88.95% of the company.
• Edison International reported quarterly EPS of $1.54, exceeding analysts’ $1.18 estimate, although revenue fell 4.1% year over year to $4.36 billion. The company maintained fiscal 2026 EPS guidance of $5.90 to $6.20.
• The utility declared a quarterly dividend of $0.8775, equivalent to $3.51 annually and a 4.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $72.82.

Flputnam Investment Management Co. purchased a new position in Edison International (NYSE:EIX - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 85,317 shares of the utilities provider's stock, valued at approximately $6,352,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC lifted its position in Edison International by 4.7% during the second quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider's stock valued at $220,000 after buying an additional 134 shares during the period. Equitable Trust Co. boosted 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 in the last quarter. Altshuler Shaham Ltd grew its position in shares of Edison International by 36.6% in 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. grew its position in shares of Edison International by 5.3% in 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. Finally, Paladin Wealth LLC increased its stake in shares of Edison International by 6.3% in the 2nd quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider's stock worth $226,000 after acquiring an additional 181 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

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Edison International Price Performance

Shares of EIX opened at $71.35 on Monday. The company has a market capitalization of $27.46 billion, a P/E ratio of 7.36, a price-to-earnings-growth ratio of 5.54 and a beta of 0.66. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. The firm has a 50 day moving average of $74.02 and a 200 day moving average of $71.67. Edison International has a twelve month low of $52.00 and a twelve month high of $81.62.

Edison International (NYSE:EIX - Get Free Report) last announced 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. The company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts anticipate that Edison International will post 6.13 earnings per share 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 paid a $0.8775 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. Edison International's payout ratio is currently 36.19%.

Wall Street Analyst Weigh In

EIX has been the subject of a number of recent research reports. Mizuho lifted their price target on shares of Edison International from $79.00 to $86.00 and gave the company an "outperform" rating in a research report on Friday, July 31st. Bank of America cut their price objective on shares of Edison International from $80.00 to $78.00 and set a "buy" rating on the stock in a report on Monday, April 20th. Wells Fargo & Company reaffirmed an "underweight" rating and set a $62.00 target price on shares of Edison International in a research note on Tuesday, April 21st. Truist Financial lowered their target price on shares of Edison International from $81.00 to $77.00 and set a "hold" rating for the company in a report on Tuesday, August 4th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $69.00 price target on shares of Edison International in a research report on Wednesday, July 22nd. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Edison International has a consensus rating of "Hold" and an average price target of $72.82.

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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