Edison International (NYSE:EIX) Sees Large Volume Increase – Here’s What Happened

Edison International (NYSE:EIX) saw an uptick in trading volume on Tuesday. Approximately 9,430,894 shares were traded during trading, an increase of 158% from the previous session’s volume of 3,652,932 shares. The stock last traded at $55.3050 and had previously closed at $55.64.

Wall Street Analyst Weigh In

EIX has been the topic of several research reports. Jefferies Financial Group reissued an “underperform” rating and set a $42.00 price target (down from $53.00) on shares of Edison International in a research report on Friday, October 2nd. Truist Financial dropped their price objective on shares of Edison International from $63.00 to $62.00 and set a “hold” rating for the company in a report on Monday. Bank of America downgraded shares of Edison International from a “buy” rating to a “neutral” rating and cut their target price for the stock from $81.00 to $51.00 in a research note on Tuesday, September 1st. UBS Group reaffirmed a “neutral” rating and set a $57.00 target price on shares of Edison International in a research note on Thursday, September 24th. Finally, Weiss Ratings lowered shares of Edison International from a “buy (b-)” rating to a “hold (c)” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $60.18.

Edison International Stock Performance

The stock has a market capitalization of $21.24 billion, a PE ratio of 5.70, a price-to-earnings-growth ratio of 2.23 and a beta of 0.62. The stock has a fifty day moving average of $61.24 and a 200-day moving average of $68.73. 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 released its earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping 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 firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the previous year, the firm posted $0.97 EPS. Edison International’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. Equities analysts anticipate that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Wednesday, October 7th will be paid a $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Wednesday, October 7th. Edison International’s dividend payout ratio (DPR) is presently 36.19%.

Institutional Trading of Edison International

Large investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Edison International in the second quarter worth approximately $3,340,412,000. Legal & General Group Plc purchased a new stake in shares of Edison International in the 2nd quarter valued at approximately $329,766,000. Bank of New York Mellon Corp purchased a new stake in shares of Edison International in the 2nd quarter valued at approximately $309,361,000. Amundi increased its position in shares of Edison International by 27.0% in the 2nd quarter. Amundi now owns 3,570,726 shares of the utilities provider’s stock valued at $265,843,000 after purchasing an additional 759,236 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in shares of Edison International in the 2nd quarter valued at $261,275,000. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

About Edison International

Edison International is a publicly owned holding company based in Rosemead, California. Its principal subsidiary, Southern California Edison (SCE), is an electric utility that generates, transmits, and distributes electricity across central, coastal, and Southern California.

SCE provides electric service to residential, commercial, industrial, and public-sector customers and manages a large transmission and distribution network. The utility is also involved in grid modernization, wildfire mitigation, renewable energy integration, energy efficiency, and the development of electric transportation infrastructure.

Edison International’s history is rooted in Southern California Edison, which traces its origins to the late 19th century.