United Capital Financial Advisors LLC Acquires New Shares in Edison International $EIX

United Capital Financial Advisors LLC purchased a new position in shares of Edison International (NYSE:EIX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,365 shares of the utilities provider's stock, valued at approximately $1,516,000.

Several other hedge funds have also recently bought and sold shares of the company. 10Elms LLP purchased a new stake in Edison International during the 4th quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Edison International during the second quarter worth $26,000. Transamerica Financial Advisors LLC boosted its holdings in Edison International by 170.3% in 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 during the period. Groupe la Francaise acquired a new position in Edison International during the 1st quarter worth $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Edison International during the 2nd quarter worth about $30,000. Institutional investors and hedge funds own 88.95% of the company's stock.

Edison International Stock Performance

Shares of EIX stock opened at $70.09 on Friday. 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 stock has a 50 day simple moving average of $74.30 and a 200-day simple moving average of $72.35. The company has a market cap of $26.97 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 5.45 and a beta of 0.66. Edison International has a 12-month low of $52.00 and a 12-month high of $81.62.

Edison International (NYSE:EIX - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period last year, the firm earned $0.97 EPS. The company'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 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. Investors 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 yield of 5.0%. Edison International's dividend payout ratio is 36.19%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EIX shares. Weiss Ratings raised shares of Edison International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on Edison International from $75.00 to $76.00 and gave the company a "neutral" rating in a report on Friday, May 15th. Mizuho boosted their target price on Edison International from $79.00 to $86.00 and gave the stock an "outperform" rating in a research note on Friday, July 31st. Argus reissued a "hold" rating on shares of Edison International in a report on Wednesday. Finally, Truist Financial lowered their target price on shares of Edison International from $81.00 to $77.00 and set a "hold" rating for the company in a report on Tuesday, August 4th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Edison International has a consensus rating of "Hold" and an average price target of $72.45.

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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