Western Wealth Management LLC Purchases Shares of 11,849 Edison International $EIX

Western Wealth Management LLC acquired a new position in shares of Edison International (NYSE:EIX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,849 shares of the utilities provider’s stock, valued at approximately $867,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. 10Elms LLP acquired a new position in Edison International in the fourth quarter valued at $26,000. Transamerica Financial Advisors LLC boosted its stake in Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after buying an additional 281 shares during the last quarter. Groupe la Francaise acquired a new stake in Edison International in the 1st quarter worth about $29,000. Altshuler Shaham Ltd grew its holdings in Edison International by 36.6% in the 1st quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock valued at $42,000 after buying an additional 155 shares during the period. Finally, Quest 10 Wealth Builders Inc. grew its holdings in 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 buying an additional 702 shares during the period. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on EIX. Truist Financial decreased their target price on shares of Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. JPMorgan Chase & Co. increased their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Weiss Ratings lowered shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Mizuho boosted their price objective on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, Wells Fargo & Company restated an “underweight” rating and set a $62.00 price objective on shares of Edison International in a report on Tuesday, April 21st. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Edison International presently has an average rating of “Hold” and a consensus price target of $72.82.

Edison International Stock Up 2.0%

Shares of NYSE:EIX opened at $70.77 on Friday. The stock has a 50-day simple moving average of $74.06 and a 200-day simple moving average of $71.60. The stock has a market capitalization of $27.23 billion, a P/E ratio of 7.30, a PEG ratio of 5.39 and a beta of 0.66. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66.

Edison International (NYSE:EIX) last posted its quarterly 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. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. Edison International’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts forecast that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were paid a $0.8775 dividend. 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 (DPR) is currently 36.19%.

Edison International Company 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.