OneAscent Financial Services LLC Purchases New Holdings in Edison International $EIX

OneAscent Financial Services LLC acquired a new position in Edison International (NYSE:EIX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,288 shares of the utilities provider’s stock, valued at approximately $692,000.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in shares of Edison International by 41.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after purchasing an additional 1,609,847 shares during the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Edison International during the first quarter valued at $1,503,000. Chicago Partners Investment Group LLC grew its holdings in shares of Edison International by 128.7% in the fourth quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider’s stock worth $1,444,000 after purchasing an additional 13,375 shares during the last quarter. Del Sette Capital Management LLC bought a new position in shares of Edison International in the first quarter worth about $3,275,000. Finally, Hsbc Holdings PLC increased its stake in Edison International by 2.2% in the 4th quarter. Hsbc Holdings PLC now owns 3,102,735 shares of the utilities provider’s stock worth $186,305,000 after buying an additional 66,680 shares during the period. Institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Morgan Stanley reiterated an “underweight” rating and set a $69.00 price objective on shares of Edison International in a report on Wednesday, July 22nd. Mizuho upped their target price on shares of Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Truist Financial reduced their target price on shares of Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. Barclays reaffirmed an “equal weight” rating and set a $75.00 price target (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Finally, Weiss Ratings lowered Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.82.

Edison International Stock Up 1.8%

Edison International stock opened at $74.75 on Friday. The business has a fifty day moving average of $74.16 and a two-hundred day moving average of $71.98. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. The firm has a market cap of $28.76 billion, a P/E ratio of 7.71, a P/E/G ratio of 5.70 and a beta of 0.66. Edison International has a twelve month low of $52.00 and a twelve month high of $81.62.

Edison International (NYSE:EIX) last announced its 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. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The business had revenue of $4.36 billion for 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 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, analysts forecast that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were paid a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 4.7%. The ex-dividend date was Tuesday, July 7th. Edison International’s payout ratio is 36.19%.

Edison International Company 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.