11,943 Shares in Edison International $EIX Purchased by Western Wealth Management LLC

Western Wealth Management LLC acquired a new stake in shares of Edison International (NYSE:EIX) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 11,943 shares of the utilities provider’s stock, valued at approximately $889,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Jupiter Topco LLC bought a new position in Edison International during the 2nd quarter worth approximately $3,577,000. Hsbc Holdings PLC bought a new stake in shares of Edison International in the 2nd quarter valued at approximately $261,275,000. EFG International AG acquired a new stake in shares of Edison International during the 2nd quarter valued at approximately $772,000. Canada Pension Plan Investment Board acquired a new stake in shares of Edison International during the 2nd quarter valued at approximately $212,053,000. Finally, Ategra Capital Management LLC bought a new position in Edison International during the second quarter worth $2,749,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. 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 research note on Tuesday, August 4th. Mizuho raised their price target on shares of Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. 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. Weiss Ratings downgraded shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Finally, Barclays reiterated 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. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Edison International has a consensus rating of “Hold” and a consensus target price of $72.45.

Edison International Price Performance

Shares of NYSE EIX opened at $74.83 on Wednesday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The firm has a market capitalization of $28.79 billion, a PE ratio of 7.71, a P/E/G ratio of 5.74 and a beta of 0.66. Edison International has a 1-year low of $52.00 and a 1-year high of $81.62. The business’s fifty day moving average price is $74.23 and its two-hundred day moving average price is $72.22.

Edison International (NYSE:EIX) last announced 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 company 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, research analysts expect that Edison International will post 6.13 EPS for the current year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were given a $0.8775 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.7%. Edison International’s dividend 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.