Public Employees Retirement System of Ohio Takes $10.98 Million Position in Edison International $EIX

Key Points

• Public Employees Retirement System of Ohio purchased 147,500 Edison International shares worth approximately $10.98 million, while institutional investors collectively own 88.95% of the stock.
• Edison International faces heightened wildfire-liability concerns after proposed California legislation reportedly omits a cap on utility responsibility, potentially pressuring its cash flow, balance sheet and credit ratings.
• Analyst sentiment remains cautious: the consensus rating is “Hold” with an average $71 price target, while shares recently traded near $54.05 after a sharp selloff. The company reported better-than-expected quarterly EPS and offers a 6.5% dividend yield.

Public Employees Retirement System of Ohio bought a new stake in shares of Edison International (NYSE:EIX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 147,500 shares of the utilities provider's stock, valued at approximately $10,981,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. 10Elms LLP bought a new stake in shares of Edison International in the 4th quarter worth $26,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Edison International during the second quarter valued at about $26,000. Transamerica Financial Advisors LLC lifted its position in shares of Edison International by 170.3% during the fourth 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 in the last quarter. Groupe la Francaise purchased a new position in Edison International during the first quarter worth about $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Edison International during the second quarter worth about $30,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Key Edison International News

Here are the key news stories impacting Edison International this week:

• Neutral Sentiment: Southern California Edison (SCE), Edison International’s utility subsidiary, called for comprehensive wildfire reform. The request could support longer-term regulatory clarity, but it also highlights the continuing uncertainty surrounding wildfire-cost allocation. Edison International Stock Plunges As SCE Calls For Comprehensive Wildfire Reform
• Neutral Sentiment: Some retail investors characterized the selloff as an overreaction, but Wall Street analysts warned that the legislation could leave EIX exposed to potentially significant wildfire liabilities. PCG, EIX Stocks Crash as Wall Street Warns of Liability Exposure
• Negative Sentiment: The amended wildfire bill reportedly keeps investor-owned utilities financially responsible if their equipment is found to have caused a wildfire. Investors are concerned that uncapped claims could pressure Edison International’s cash flow, balance sheet and credit ratings, while increasing the risk of future capital needs. California Wildfire Bill Omits Liability Cap
• Negative Sentiment: The liability concerns triggered one of EIX’s steepest single-day declines in decades and drove unusually heavy trading as investors reassessed the company’s wildfire risk. Edison Stock Craters in Worst Day Since 2001
• Negative Sentiment: Mizuho reaffirmed a “neutral” rating but reduced its price target to $70 from $86, reflecting a more cautious valuation outlook after the legislative development. Mizuho Edison International Analyst Rating

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley decreased their price objective on shares of Edison International from $69.00 to $65.00 and set an "underweight" rating for the company in a research note on Friday, August 21st. Weiss Ratings upgraded Edison International from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday. Truist Financial reduced their target price on Edison International from $81.00 to $77.00 and set a "hold" rating for the company in a report on Tuesday, August 4th. JPMorgan Chase & Co. increased their price target on Edison International from $75.00 to $76.00 and gave the company a "neutral" rating in a research report on Friday, May 15th. Finally, Mizuho reiterated a "neutral" rating and set a $70.00 price target (down from $86.00) on shares of Edison International in a report on Monday. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Edison International has an average rating of "Hold" and an average target price of $71.00.

Edison International Stock Performance

Shares of EIX opened at $54.05 on Tuesday. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62. 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 stock's fifty day moving average price is $73.94 and its two-hundred day moving average price is $72.33. The firm has a market cap of $20.80 billion, a PE ratio of 5.57, a PEG ratio of 5.45 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, topping 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 company had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. During the same quarter last year, the firm posted $0.97 EPS. The firm's revenue for the quarter was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts forecast that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were paid a $0.8775 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 6.5%. Edison International's dividend payout ratio (DPR) is presently 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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