Global Retirement Partners LLC Buys New Position in Edison International $EIX

Key Points

• Global Retirement Partners bought 31,842 Edison International shares during the second quarter, valued at approximately $2.37 million. Institutional investors collectively own 88.95% of the company.
• Analysts maintain a consensus “Hold” rating with an average price target of $72.82; ratings include three Buys, seven Holds, and three Sells.
• 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 per share, representing a 4.9% annualized yield.

Global Retirement Partners LLC bought a new stake in Edison International (NYSE:EIX - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 31,842 shares of the utilities provider's stock, valued at approximately $2,371,000.

Other institutional investors also recently added to or reduced their stakes in the company. 10Elms LLP bought a new stake in shares of Edison International in the fourth quarter valued at approximately $26,000. Transamerica Financial Advisors LLC increased its position in Edison International by 170.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider's stock worth $27,000 after acquiring an additional 281 shares during the period. Groupe la Francaise bought a new position in Edison International during the first quarter worth $29,000. Altshuler Shaham Ltd raised 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 valued at $42,000 after purchasing an additional 155 shares during the last quarter. Finally, Quest 10 Wealth Builders Inc. raised its stake in Edison International by 866.7% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider's stock valued at $47,000 after purchasing an additional 702 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Barclays reiterated an "equal weight" rating and issued a $75.00 target price (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Mizuho boosted their price objective on 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 target price on Edison International from $80.00 to $78.00 and set a "buy" rating for the company in a research note on Monday, April 20th. Morgan Stanley reaffirmed an "underweight" rating and issued a $69.00 target price on shares of Edison International in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Edison International from $75.00 to $76.00 and gave the company a "neutral" rating in a report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $72.82.

Edison International Price Performance

Shares of EIX stock opened at $71.35 on Monday. The stock's fifty day simple moving average is $74.02 and its 200 day simple moving average is $71.67. 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 firm has a market cap of $27.46 billion, a price-to-earnings ratio of 7.36, a P/E/G ratio of 5.54 and a beta of 0.66. Edison International has a one year low of $52.00 and a one year high of $81.62.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating 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 firm had revenue of $4.36 billion for the quarter, compared to analysts' expectations of $4.82 billion. During the same period in the prior year, the business posted $0.97 earnings per share. The business's revenue was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts expect that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were given 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 4.9%. Edison International's dividend payout ratio (DPR) 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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