California State Teachers Retirement System Acquires 54,090,230 Shares of Edison International $EIX

California State Teachers Retirement System increased its holdings in Edison International (NYSE:EIX) by 7,943.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,771,153 shares of the utilities provider’s stock after buying an additional 54,090,230 shares during the period. California State Teachers Retirement System owned 14.23% of Edison International worth $4,077,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in EIX. BlackRock Inc. acquired a new position in Edison International in the 2nd quarter valued at $3,340,412,000. State Street Corp increased its position in shares of Edison International by 3.0% in the fourth quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock worth $1,989,135,000 after purchasing an additional 953,800 shares during the period. AQR Capital Management LLC increased its position in shares of Edison International by 69.9% in the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after purchasing an additional 7,521,168 shares during the period. Geode Capital Management LLC raised its stake in Edison International by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock valued at $803,407,000 after purchasing an additional 386,905 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Edison International by 12.3% in the fourth quarter. Northern Trust Corp now owns 6,070,324 shares of the utilities provider’s stock valued at $364,341,000 after purchasing an additional 662,477 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors.

Edison International Price Performance

Shares of NYSE:EIX opened at $56.68 on Friday. The company has a market cap of $21.81 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 2.31 and a beta of 0.62. 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 50 day simple moving average of $71.16 and a 200 day simple moving average of $71.56. Edison International has a one year low of $52.00 and a one year high of $81.62.

Edison International (NYSE:EIX) last posted its earnings results 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. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations 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 was down 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Research analysts predict that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were given a dividend of $0.8775 per share. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a yield of 6.2%. Edison International’s payout ratio is currently 36.19%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Morgan Stanley cut their price objective on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating for the company in a research report on Friday, August 21st. JPMorgan Chase & Co. dropped their target price on shares of Edison International from $82.00 to $61.00 and set a “neutral” rating for the company in a research report on Wednesday, September 2nd. Truist Financial cut their price target on shares of Edison International from $77.00 to $63.00 and set a “hold” rating for the company in a report on Thursday, September 3rd. Argus reiterated a “hold” rating on shares of Edison International in a research report on Wednesday, August 26th. Finally, Mizuho reissued 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 analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $64.55.

Edison International Profile

Edison International (NYSE: EIX) is a holding company focused on electric power generation, transmission and distribution, as well as clean-energy solutions. Its principal subsidiary, Southern California Edison (SCE), is a regulated electric utility that delivers electricity to residential, commercial, industrial and public-sector customers.

SCE operates one of the largest electric utility systems in the United States, serving communities across central, coastal and Southern California.