Focus Partners Advisor Solutions LLC Acquires Shares of 61,492 Edison International $EIX

Key Points

• Focus Partners Advisor Solutions acquired 61,492 Edison International shares worth approximately $4.58 million during the second quarter. Institutional investors collectively own 88.95% of EIX.
• Analysts maintain a broadly cautious outlook, with a consensus “Hold” rating and an average price target of $72.82; recent targets range from $75 to $86.
• Edison International reported quarterly EPS of $1.54, beating estimates of $1.18, while revenue fell 4.1% year over year to $4.36 billion. The company also pays a quarterly dividend of $0.8775, representing a 4.9% annualized yield.

Focus Partners Advisor Solutions LLC bought a new position in Edison International (NYSE:EIX - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 61,492 shares of the utilities provider's stock, valued at approximately $4,578,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EIX. Bellars Harris Wealth Management LLC bought a new position in Edison International in the 2nd quarter valued at approximately $4,147,000. SFE Investment Counsel bought a new stake in shares of Edison International in the 2nd quarter worth $1,051,000. USA Financial Formulas bought a new stake in shares of Edison International in the 1st quarter worth $99,000. Bank & Trust Co raised its stake in shares of Edison International by 12.4% in the second quarter. Bank & Trust Co now owns 6,285 shares of the utilities provider's stock worth $468,000 after purchasing an additional 693 shares during the last quarter. Finally, Tema ETFs LLC raised its stake in shares of Edison International by 10.3% in the second quarter. Tema ETFs LLC now owns 7,766 shares of the utilities provider's stock worth $578,000 after purchasing an additional 725 shares during the last quarter. Institutional investors own 88.95% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on EIX. JPMorgan Chase & Co. increased their price objective on Edison International from $75.00 to $76.00 and gave the company a "neutral" rating in a research report on Friday, May 15th. Mizuho boosted their target price on Edison International from $79.00 to $86.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Barclays restated 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. Truist Financial dropped their price target on shares of Edison International from $81.00 to $77.00 and set a "hold" rating on the stock in a report on Tuesday, August 4th. Finally, Seaport Research Partners lowered shares of Edison International from a "buy" rating to a "neutral" rating in a research note on Monday, April 20th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $72.82.

Edison International Price Performance

NYSE EIX opened at $71.35 on Friday. The stock has a market capitalization of $27.46 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 5.54 and a beta 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 debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The business's fifty day moving average price is $74.02 and its 200-day moving average price is $71.60.

Edison International (NYSE:EIX - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping the consensus estimate 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 return on equity of 15.53% and a net margin of 20.30%.Edison International's revenue was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities analysts predict that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were given a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International's dividend payout ratio (DPR) is presently 36.19%.

Edison International Company 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source