Rakuten Investment Management Inc. Purchases New Stake in Edison International $EIX

Rakuten Investment Management Inc. purchased a new stake in shares of Edison International (NYSE:EIX) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 62,944 shares of the utilities provider’s stock, valued at approximately $4,750,000.

A number of other large investors have also added to or reduced their stakes in the company. RB Capital Management LLC purchased a new position in shares of Edison International in the second quarter valued at about $228,000. Empowered Funds LLC purchased a new stake in shares of Edison International during the second quarter worth about $26,714,000. United Capital Financial Advisors LLC purchased a new stake in shares of Edison International during the second quarter worth about $1,516,000. Caitlin John LLC purchased a new stake in shares of Edison International during the second quarter worth about $344,000. Finally, Equitable Holdings Inc. bought a new stake in shares of Edison International in the second quarter worth about $668,000. Institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

EIX has been the topic of a number of research analyst reports. Barclays restated an “equal weight” rating and set a $75.00 price target (down from $78.00) on shares of Edison International in a report on Friday, July 31st. JPMorgan Chase & Co. lifted their price objective on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Morgan Stanley cut their price objective on Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a research report on Friday, August 21st. Argus reissued a “hold” rating on shares of Edison International in a research note on Wednesday, August 26th. Finally, Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Edison International has a consensus rating of “Hold” and a consensus price target of $72.45.

Edison International Price Performance

Shares of NYSE EIX opened at $70.09 on Monday. Edison International has a twelve month low of $52.00 and a twelve month high of $81.62. The firm has a market cap of $26.97 billion, a P/E ratio of 7.23, a PEG ratio of 5.45 and a beta of 0.66. The company has a 50 day moving average of $74.30 and a 200 day moving average of $72.41. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last issued its earnings results on Thursday, July 30th. The utilities provider reported $1.54 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 the consensus estimate of $4.82 billion. During the same period last year, the business posted $0.97 EPS. The company’s revenue was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts expect 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. Stockholders of record on Tuesday, July 7th were issued a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s dividend payout ratio is presently 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.