Swiss National Bank Acquires 74,600 Shares of Edison International $EIX

Swiss National Bank raised its holdings in Edison International (NYSE:EIX) by 7.1% in the first quarter, Holdings Channel reports. The fund owned 1,129,200 shares of the utilities provider’s stock after acquiring an additional 74,600 shares during the period. Swiss National Bank’s holdings in Edison International were worth $82,635,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. 10Elms LLP acquired a new stake in shares of Edison International during the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC grew its position in shares of Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 281 shares during the period. Quest 10 Wealth Builders Inc. grew its position in shares of Edison International by 866.7% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 702 shares during the period. DV Equities LLC bought a new stake in Edison International during the 4th quarter worth approximately $52,000. Finally, McMillan Office Inc. bought a new stake in Edison International during the 4th quarter worth approximately $55,000. 88.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EIX has been the topic of a number of research reports. Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Weiss Ratings restated a “buy (b-)” rating on shares of Edison International in a report on Monday, July 13th. Truist Financial cut their price objective on shares of Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Barclays upped their target price on shares of Edison International from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. Four investment analysts have rated the stock with a Buy rating, five have given 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 target price of $72.73.

Edison International Stock Up 1.1%

EIX stock opened at $78.09 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The business has a 50 day moving average price of $72.98 and a two-hundred day moving average price of $70.04. The company has a market cap of $30.05 billion, a price-to-earnings ratio of 8.48, a P/E/G ratio of 6.00 and a beta of 0.66. Edison International has a twelve month low of $51.01 and a twelve month high of $79.88.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Edison International had a return on equity of 14.56% and a net margin of 19.27%.The business’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.37 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts anticipate that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be given a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, July 7th. Edison International’s dividend payout ratio is 38.11%.

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.