Franklin Resources Inc. Boosts Stake in Edison International $EIX

Key Points

• Franklin Resources raised its stake in Edison International by 1.6% in Q3 to 4,186,467 shares (about 1.09% ownership) worth $231.4 million, and institutional investors now hold 88.95% of the company.
• Edison International topped expectations with $1.87 EPS vs. $1.47 consensus and $5.21 billion in revenue vs. $4.29 billion, and issued FY2026 guidance of 5.900–6.200 EPS (FY2027: 6.250–6.650).
• The company declared a quarterly dividend of $0.8775 (annualized $3.51) for a ~5.0% yield; shares trade at a PE of 6.12 and carry a MarketBeat consensus "Hold" rating with a $68.56 target.

Franklin Resources Inc. lifted its stake in shares of Edison International (NYSE:EIX - Free Report) by 1.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 4,186,467 shares of the utilities provider's stock after acquiring an additional 67,722 shares during the period. Franklin Resources Inc. owned approximately 1.09% of Edison International worth $231,428,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Edison International during the second quarter worth about $268,801,000. AQR Capital Management LLC raised its holdings in shares of Edison International by 83.5% during the 2nd quarter. AQR Capital Management LLC now owns 9,962,902 shares of the utilities provider's stock valued at $510,649,000 after buying an additional 4,534,864 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Edison International by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 51,470,117 shares of the utilities provider's stock valued at $2,655,858,000 after buying an additional 2,386,562 shares in the last quarter. Man Group plc lifted its position in Edison International by 109.6% in the 2nd quarter. Man Group plc now owns 2,314,124 shares of the utilities provider's stock worth $119,409,000 after buying an additional 1,209,964 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in Edison International by 71.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,425,926 shares of the utilities provider's stock worth $134,105,000 after buying an additional 1,009,508 shares during the last quarter. Institutional investors own 88.95% of the company's stock.

Edison International Stock Performance

NYSE:EIX opened at $70.80 on Friday. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $75.50. The firm has a market cap of $27.24 billion, a PE ratio of 6.12, a price-to-earnings-growth ratio of 1.16 and a beta of 0.79. The business has a 50 day moving average price of $66.30 and a 200-day moving average price of $60.12.

Edison International (NYSE:EIX - Get Free Report) last issued its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.47 by $0.40. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same period in the previous year, the firm earned $1.05 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. Equities research analysts predict that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be paid a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International's dividend payout ratio is 30.36%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Barclays increased their price target on shares of Edison International from $67.00 to $78.00 and gave the company an "overweight" rating in a research report on Thursday, February 19th. TD Cowen upped their price objective on shares of Edison International from $71.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, February 20th. Jefferies Financial Group reduced their target price on shares of Edison International from $59.00 to $54.00 and set a "hold" rating on the stock in a report on Wednesday, January 28th. LADENBURG THALM/SH SH reiterated a "sell" rating and issued a $63.00 target price on shares of Edison International in a research report on Thursday, March 5th. Finally, Morgan Stanley restated an "underweight" rating on shares of Edison International in a research report on Friday, February 20th. Three 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $68.56.

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.

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