Trivium Point Advisory LLC Makes New $630,000 Investment in Edison International $EIX

Trivium Point Advisory LLC purchased a new position in shares of Edison International (NYSE:EIX) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,459 shares of the utilities provider’s stock, valued at approximately $630,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EIX. N.E.W. Advisory Services LLC acquired a new stake in shares of Edison International in the 2nd quarter valued at $444,000. Private Wealth Advisors LLC bought a new stake in Edison International in the second quarter worth $311,000. Flputnam Investment Management Co. acquired a new position in Edison International during the second quarter worth $6,352,000. Global Retirement Partners LLC acquired a new position in Edison International during the second quarter worth $2,371,000. Finally, Fielder Capital Group LLC bought a new position in Edison International during the second quarter valued at about $448,000. Institutional investors own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

EIX has been the subject of a number of analyst reports. Bank of America reduced their price target on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Mizuho increased their price objective on Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Truist Financial cut their price objective on Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research note on Tuesday, August 4th. Wells Fargo & Company restated an “underweight” rating and issued a $62.00 target price on shares of Edison International in a report on Tuesday, April 21st. Finally, Seaport Research Partners cut Edison International from a “buy” rating to a “neutral” rating in a research report on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Edison International presently has an average rating of “Hold” and a consensus price target of $72.82.

Edison International Stock Performance

Shares of EIX opened at $71.35 on Monday. The company has a market capitalization of $27.46 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 5.54 and a beta of 0.66. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. Edison International has a one year low of $52.00 and a one year high of $81.62. The company’s fifty day moving average price is $74.02 and its 200 day moving average price is $71.67.

Edison International (NYSE:EIX) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts expect that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The firm 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. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s payout ratio is currently 36.19%.

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.