Elevation Point Wealth Partners LLC Acquires New Stake in Edison International $EIX

Elevation Point Wealth Partners LLC purchased a new position in shares of Edison International (NYSE:EIX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 16,010 shares of the utilities provider’s stock, valued at approximately $1,192,000.

Other large investors have also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. purchased a new stake in Edison International during the second quarter worth $26,000. Groupe la Francaise purchased a new position in shares of Edison International in the first quarter valued at $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Edison International in the second quarter valued at $30,000. Bell Investment Advisors Inc acquired a new position in shares of Edison International during the 2nd quarter worth $31,000. Finally, 10Elms LLP purchased a new stake in shares of Edison International in the 4th quarter worth about $26,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Edison International Price Performance

Edison International stock opened at $71.51 on Monday. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The firm has a 50 day moving average price of $74.13 and a 200 day moving average price of $72.05. The company has a market cap of $27.52 billion, a price-to-earnings ratio of 7.37, a PEG ratio of 5.56 and a beta of 0.66.

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

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were issued a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is 36.19%.

Analysts Set New Price Targets

Several research firms have weighed in on EIX. Morgan Stanley dropped their price target on Edison International from $69.00 to $65.00 and set an “underweight” rating for the company in a research report on Friday. Barclays reaffirmed an “equal weight” rating and set a $75.00 price objective (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Mizuho upped their target price on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Finally, Weiss Ratings cut shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $72.45.

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.