Edison International (NYSE:EIX) Sees Large Drop in Short Interest

Edison International (NYSE:EIX) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 10,712,456 shares, a decline of 20.4% from the February 26th total of 13,457,804 shares. Approximately 2.8% of the shares of the company are short sold. Based on an average daily volume of 3,870,021 shares, the days-to-cover ratio is currently 2.8 days.

Edison International Stock Up 1.8%

Shares of NYSE:EIX traded up $1.32 during trading on Tuesday, hitting $73.16. The company’s stock had a trading volume of 4,839,133 shares, compared to its average volume of 3,630,559. The company has a market capitalization of $28.16 billion, a PE ratio of 6.33, a P/E/G ratio of 1.16 and a beta of 0.79. The business has a 50 day moving average price of $69.12 and a two-hundred day moving average price of $61.69. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $75.50. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73.

Edison International (NYSE:EIX) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.40. Edison International had a return on equity of 14.87% and a net margin of 24.34%.The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the prior year, the firm posted $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. As a group, research analysts expect that Edison International will post 4.95 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be paid a $0.8775 dividend. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.8%. Edison International’s payout ratio is currently 30.36%.

Institutional Investors Weigh In On Edison International

Several hedge funds have recently modified their holdings of EIX. UMB Bank n.a. boosted its stake in shares of Edison International by 5.3% during the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock worth $190,000 after acquiring an additional 159 shares in the last quarter. LVW Advisors LLC increased its stake in Edison International by 4.6% in the 4th quarter. LVW Advisors LLC now owns 4,224 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 186 shares in the last quarter. Huntington National Bank raised its holdings in Edison International by 6.2% during the fourth quarter. Huntington National Bank now owns 3,351 shares of the utilities provider’s stock worth $201,000 after purchasing an additional 196 shares during the last quarter. Diligent Investors LLC raised its holdings in Edison International by 1.5% during the third quarter. Diligent Investors LLC now owns 13,895 shares of the utilities provider’s stock worth $768,000 after purchasing an additional 201 shares during the last quarter. Finally, MAI Capital Management boosted its position in Edison International by 20.8% during the second quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 202 shares in the last quarter. 88.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on EIX shares. Wall Street Zen cut Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a report on Monday, December 29th. Zacks Research downgraded Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. JPMorgan Chase & Co. lifted their price target on Edison International from $66.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, March 18th. Finally, Wells Fargo & Company cut shares of Edison International from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $56.00 to $59.00 in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.44.

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.