IPG Investment Advisors LLC Acquires Shares of 25,060 Edison International $EIX

IPG Investment Advisors LLC bought a new position in Edison International (NYSE:EIX - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 25,060 shares of the utilities provider's stock, valued at approximately $1,866,000.

Other large investors have also made changes to their positions in the company. 10Elms LLP purchased a new stake in shares of Edison International in the 4th quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. purchased a new position in Edison International during the 2nd quarter worth approximately $26,000. Transamerica Financial Advisors LLC raised its stake in Edison International by 170.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 281 shares during the period. Groupe la Francaise acquired a new stake in Edison International during the 1st quarter valued at $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Edison International in the second quarter valued at $30,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays reiterated an "equal weight" rating and set a $75.00 price target (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Morgan Stanley dropped their target price on Edison International from $69.00 to $65.00 and set an "underweight" rating on the stock in a report on Friday, August 21st. Mizuho reissued a "neutral" rating and issued a $70.00 price target (down from $86.00) on shares of Edison International in a research report on Monday, August 31st. UBS Group lowered their price objective on shares of Edison International from $75.00 to $63.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 1st. Finally, JPMorgan Chase & Co. cut their target price on shares of Edison International from $82.00 to $61.00 and set a "neutral" rating for the company in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $64.55.

Edison International Trading Down 3.2%

NYSE:EIX opened at $57.45 on Thursday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The company has a market capitalization of $22.11 billion, a P/E ratio of 5.92, a P/E/G ratio of 2.39 and a beta of 0.62. The stock's 50 day moving average price is $71.54 and its 200 day moving average price is $71.68. Edison International has a 52 week low of $52.00 and a 52 week high of $81.62.

Edison International (NYSE:EIX - Get Free Report) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The company's revenue for the quarter 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, research analysts forecast that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were issued a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 6.1%. The ex-dividend date was Tuesday, July 7th. Edison International's dividend payout ratio (DPR) is 36.19%.

About Edison International

Edison International NYSE: EIX is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.

SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.

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