Van ECK Associates Corp Has $13.45 Million Holdings in Edison International $EIX

Key Points

• Van ECK Associates cut its Edison International stake by 12.5% in the second quarter, selling 25,804 shares and retaining 180,648 shares valued at $13.45 million.
• Edison International shares fell 23% amid concerns that California’s amended wildfire legislation could leave investor-owned utilities exposed to potentially uncapped liabilities, pressuring cash flow, credit ratings and future capital needs.
• Analysts maintain a consensus “Hold” rating with a $71 price target, while the company reported better-than-expected quarterly EPS of $1.54 and continues to offer a quarterly dividend of $0.8775 per share, or a 6.5% annualized yield.

Van ECK Associates Corp trimmed its position in shares of Edison International (NYSE:EIX - Free Report) by 12.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,648 shares of the utilities provider's stock after selling 25,804 shares during the period. Van ECK Associates Corp's holdings in Edison International were worth $13,449,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. 10Elms LLP bought a new stake in shares of Edison International during the 4th quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in Edison International during the second quarter worth $26,000. Transamerica Financial Advisors LLC boosted its holdings in shares of 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 purchasing an additional 281 shares in the last quarter. Groupe la Francaise acquired a new position in shares of Edison International during the 1st quarter worth $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Edison International during the 2nd quarter worth $30,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays reiterated an "equal weight" rating and issued a $75.00 target price (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Mizuho reissued a "neutral" rating and issued a $70.00 target price (down from $86.00) on shares of Edison International in a report on Monday. Truist Financial reduced their price target on shares of Edison International from $81.00 to $77.00 and set a "hold" rating on the stock in a research note on Tuesday, August 4th. JPMorgan Chase & Co. lifted their price target on shares of Edison International from $75.00 to $76.00 and gave the company a "neutral" rating in a report on Friday, May 15th. Finally, Argus reaffirmed a "hold" rating on shares of Edison International in a report on Wednesday, August 26th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $71.00.

Edison International Trading Down 23.0%

Shares of NYSE EIX opened at $54.05 on Tuesday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. Edison International has a 52-week low of $52.00 and a 52-week high of $81.62. The firm has a 50 day moving average price of $73.94 and a two-hundred day moving average price of $72.33. The stock has a market cap of $20.80 billion, a P/E ratio of 5.57, a price-to-earnings-growth ratio of 5.45 and a beta of 0.66.

Edison International (NYSE:EIX - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.36. The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company's revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities analysts forecast that Edison International will post 6.13 EPS for the current year.

Edison International Announces Dividend

The business 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. This represents a $3.51 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International's dividend payout ratio (DPR) is currently 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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