Northwestern Mutual Wealth Management Co. Takes Position in Edison International $EIX

Key Points

• Northwestern Mutual Wealth Management acquired 28,628 Edison International shares worth approximately $2.13 million in the second quarter. Institutional investors and hedge funds collectively own 88.95% of the company.
• Edison International reported quarterly EPS of $1.54, exceeding analyst expectations of $1.18, although revenue declined 4.1% year over year to $4.36 billion. The company issued full-year 2026 EPS guidance of $5.90–$6.20.
• The utility pays a quarterly dividend of $0.8775 per share, or $3.51 annualized, yielding about 4.7%. Analysts maintain a consensus “Hold” rating with an average price target of $72.45, below the reported share price of $73.97.

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Edison International (NYSE:EIX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 28,628 shares of the utilities provider's stock, valued at approximately $2,131,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 10Elms LLP acquired a new position in Edison International in the fourth quarter valued at about $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Edison International in the 2nd quarter worth approximately $26,000. Transamerica Financial Advisors LLC lifted its holdings in shares of Edison International by 170.3% in the 4th 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 last quarter. Groupe la Francaise purchased a new position in shares of Edison International during the 1st quarter worth approximately $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Edison International in the 2nd quarter valued at approximately $30,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Stock Up 3.3%

Edison International stock opened at $73.97 on Tuesday. The company has a market capitalization of $28.46 billion, a P/E ratio of 7.63, a PEG ratio of 5.56 and a beta of 0.66. Edison International has a fifty-two week low of $52.00 and a fifty-two week high of $81.62. The stock has a 50-day simple moving average of $74.17 and a 200-day simple moving average of $72.14. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66.

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

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were given a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International's dividend payout ratio (DPR) is presently 36.19%.

Analysts Set New Price Targets

Several research analysts have recently commented on EIX shares. JPMorgan Chase & Co. raised their price target on Edison International from $75.00 to $76.00 and gave the stock a "neutral" rating in a research report on Friday, May 15th. Weiss Ratings lowered Edison International from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, August 12th. Barclays reissued 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 decreased their price target on shares of Edison International from $81.00 to $77.00 and set a "hold" rating for the company in a research report on Tuesday, August 4th. Finally, Morgan Stanley lowered their price objective on Edison International from $69.00 to $65.00 and set an "underweight" rating for the company in a research report on Friday. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $72.45.

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