VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $33.33 Million Investment in Edison International $EIX

Key Points

• Virginia Retirement Systems purchased 447,650 Edison International shares worth approximately $33.33 million, acquiring a 0.12% stake. Institutional investors collectively own 88.95% of the company.
• Analyst sentiment remains cautious: Edison International has an average “Reduce” rating and a consensus price target of $64.55, with several firms recently cutting their targets.
• Edison International reported quarterly EPS of $1.54, beating estimates of $1.18, while revenue fell 4.1% year over year to $4.36 billion. The company also offers a quarterly dividend of $0.8775, equivalent to a 6.2% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Edison International (NYSE:EIX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 447,650 shares of the utilities provider's stock, valued at approximately $33,328,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.12% of Edison International at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 10Elms LLP bought a new stake in shares of Edison International during the fourth quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Edison International in the second quarter valued at approximately $26,000. Transamerica Financial Advisors LLC grew its stake in Edison International by 170.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider's stock worth $27,000 after purchasing an additional 281 shares in the last quarter. Groupe la Francaise bought a new position in Edison International in the first quarter worth approximately $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Edison International during the 2nd quarter worth $30,000. Institutional investors own 88.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Truist Financial decreased their target price on Edison International from $77.00 to $63.00 and set a "hold" rating for the company in a research report on Thursday. UBS Group dropped their price target on Edison International from $75.00 to $63.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 1st. Weiss Ratings upgraded Edison International from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 27th. Barclays restated an "equal weight" rating and issued a $75.00 price objective (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Finally, Mizuho reaffirmed a "neutral" rating and issued a $70.00 price objective (down from $86.00) on shares of Edison International in a research note on Monday, August 31st. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Edison International currently has an average rating of "Reduce" and a consensus price target of $64.55.

Edison International Price Performance

NYSE EIX opened at $56.64 on Tuesday. The firm's fifty day simple moving average is $72.16 and its two-hundred day simple moving average is $71.86. The firm has a market capitalization of $21.80 billion, a P/E ratio of 5.84, a P/E/G ratio of 2.29 and a beta of 0.62. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. 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 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 return on equity of 15.53% and a net margin of 20.30%.The firm had revenue of $4.36 billion during the quarter, compared to analysts' expectations of $4.82 billion. During the same quarter last year, the firm earned $0.97 EPS. The business's quarterly revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts forecast that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were issued a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International's dividend payout ratio (DPR) is currently 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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