Ontario Teachers Pension Plan Board Invests $109.57 Million in Edison International $EIX

Key Points

• Ontario Teachers’ Pension Plan Board acquired 1.47 million Edison International shares worth approximately $109.6 million, making the utility its 20th-largest portfolio holding and representing a 0.38% stake in the company.
• Edison International reported quarterly EPS of $1.54, beating estimates of $1.18, although revenue declined 4.1% year over year to $4.36 billion. The company’s FY 2026 EPS guidance is $5.90–$6.20.
• The company pays an annualized dividend of $3.51 per share, yielding about 4.8%. Analysts maintain a consensus “Hold” rating with a $72.82 price target, below the reported share price of $73.73.

Ontario Teachers Pension Plan Board bought a new stake in shares of Edison International (NYSE:EIX - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 1,471,725 shares of the utilities provider's stock, valued at approximately $109,570,000. Edison International accounts for approximately 0.7% of Ontario Teachers Pension Plan Board's portfolio, making the stock its 20th largest holding. Ontario Teachers Pension Plan Board owned 0.38% of Edison International at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. 10Elms LLP acquired a new position in shares of Edison International during the fourth quarter valued at about $26,000. Transamerica Financial Advisors LLC increased its position in Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider's stock valued at $27,000 after buying an additional 281 shares in the last quarter. Groupe la Francaise acquired a new position in Edison International during the 1st quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Edison International during the 2nd quarter worth approximately $30,000. Finally, Bell Investment Advisors Inc bought a new position in Edison International in the second quarter worth approximately $31,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Price Performance

EIX opened at $73.73 on Wednesday. Edison International has a fifty-two week low of $52.00 and a fifty-two week high of $81.62. The firm has a 50-day moving average of $74.08 and a 200 day moving average of $71.81. 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 firm has a market cap of $28.37 billion, a P/E ratio of 7.60, a PEG ratio of 5.54 and a beta of 0.66.

Edison International (NYSE:EIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same period in the prior year, the company earned $0.97 earnings per share. Edison International'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, research analysts expect that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders 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 annualized dividend and a dividend yield of 4.8%. Edison International's dividend payout ratio is currently 36.19%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays reissued an "equal weight" rating and issued a $75.00 price target (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Morgan Stanley reissued an "underweight" rating and set a $69.00 target price on shares of Edison International in a research report on Wednesday, July 22nd. Weiss Ratings lowered shares of Edison International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, August 12th. JPMorgan Chase & Co. raised their price target on shares of Edison International from $75.00 to $76.00 and gave the company a "neutral" rating in a research report on Friday, May 15th. Finally, Wells Fargo & Company reiterated an "underweight" rating and set a $62.00 price target on shares of Edison International in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $72.82.

Edison International 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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