Transamerica Financial Advisors LLC Makes New $7.61 Million Investment in Edison International $EIX

Key Points

• Transamerica Financial Advisors purchased 102,252 Edison International shares worth approximately $7.61 million during the second quarter. Institutional investors collectively own 88.95% of the utility’s outstanding stock.
• Analyst sentiment remains cautious: Edison International has an average “Hold” rating and a consensus price target of $72.45, with recent target changes ranging from $65 to $86.
• The company reported quarterly EPS of $1.54, beating estimates of $1.18, while revenue fell 4.1% year over year to $4.36 billion. Edison also maintains a quarterly dividend of $0.8775, equivalent to a 4.7% annualized yield.

Transamerica Financial Advisors LLC purchased a new stake in shares of Edison International (NYSE:EIX - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 102,252 shares of the utilities provider's stock, valued at approximately $7,613,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Corient Private Wealth LP bought a new position in Edison International in the 2nd quarter valued at approximately $6,250,000. Parallax Volatility Advisers L.P. acquired a new stake in Edison International during the 2nd quarter worth approximately $331,000. Ausdal Financial Partners Inc. bought a new stake in Edison International during the 2nd quarter worth approximately $1,453,000. Bank of America Corp DE bought a new stake in Edison International during the 2nd quarter worth approximately $150,462,000. Finally, Caisse de depot et placement du Quebec acquired a new position in Edison International in the 2nd quarter valued at approximately $108,747,000. 88.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Morgan Stanley dropped their price target 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 downgraded Edison International from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, August 12th. 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 report on Tuesday, August 4th. Mizuho lifted their target price on Edison International from $79.00 to $86.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Finally, Argus reiterated a "hold" rating on shares of Edison International in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $72.45.

Edison International Stock Performance

Shares of EIX opened at $74.69 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. The firm's fifty day simple moving average is $74.30 and its two-hundred day simple moving average is $72.30. Edison International has a 12 month low of $52.00 and a 12 month high of $81.62. The stock has a market capitalization of $28.74 billion, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 5.81 and a beta of 0.66.

Edison International (NYSE:EIX - Get Free Report) last posted 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. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The business's quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts predict that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were paid a $0.8775 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.7%. Edison International's payout ratio is 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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