Sanctuary Advisors LLC Buys New Position in Edison International $EIX

Key Points

• Sanctuary Advisors purchased 35,081 Edison International shares during the second quarter, worth approximately $2.6 million. Institutional investors collectively own 88.95% of the utility company.
• Analyst sentiment remains mixed, with three Buy, seven Hold, and three Sell ratings. The consensus rating is Hold, with an average price target of $72.45.
• Edison International exceeded quarterly earnings expectations, reporting $1.54 in EPS versus the $1.18 consensus estimate, while revenue declined 4.1% year over year. The company also maintains a quarterly dividend of $0.8775, representing a 4.7% annualized yield.

Sanctuary Advisors LLC purchased a new position in Edison International (NYSE:EIX - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 35,081 shares of the utilities provider's stock, valued at approximately $2,612,000.

Other large investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC raised its holdings in Edison International by 4.7% in the 2nd quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider's stock worth $220,000 after purchasing an additional 134 shares in the last quarter. Equitable Trust Co. increased its position in shares of Edison International by 0.8% during the first quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider's stock valued at $1,435,000 after buying an additional 148 shares during the period. Altshuler Shaham Ltd increased its position in shares of Edison International by 36.6% during the first quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider's stock valued at $42,000 after buying an additional 155 shares during the period. UMB Bank n.a. raised its stake in Edison International by 5.3% in the fourth quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider's stock worth $190,000 after buying an additional 159 shares in the last quarter. Finally, Paladin Wealth LLC raised its stake in Edison International by 6.3% in the second quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider's stock worth $226,000 after buying an additional 181 shares in the last quarter. Institutional investors own 88.95% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on EIX. JPMorgan Chase & Co. raised their price objective on shares of Edison International from $75.00 to $76.00 and gave the stock a "neutral" rating in a report on Friday, May 15th. Morgan Stanley reduced 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 increased their target price on Edison International from $79.00 to $86.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Truist Financial lowered their target price on Edison International from $81.00 to $77.00 and set a "hold" rating for the company in a research note on Tuesday, August 4th. Finally, Barclays restated an "equal weight" rating and set a $75.00 price target (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $72.45.

Edison International Trading Up 1.2%

Shares of NYSE EIX opened at $74.83 on Wednesday. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62. The stock has a market cap of $28.79 billion, a P/E ratio of 7.71, a price-to-earnings-growth ratio of 5.74 and a beta of 0.66. The firm has a 50-day moving average of $74.23 and a 200 day moving average of $72.22. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61.

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 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 analysts' expectations of $4.82 billion. During the same quarter in the prior year, the company earned $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. As a group, sell-side analysts expect that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors 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 4.7%. Edison International's dividend payout ratio is presently 36.19%.

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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