Denali Advisors LLC Buys Shares of 28,774 Edison International $EIX

Denali Advisors LLC bought a new position in Edison International (NYSE:EIX) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 28,774 shares of the utilities provider’s stock, valued at approximately $2,142,000.

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its position in Edison International by 112.9% during the first quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after purchasing an additional 5,190 shares during the last quarter. Empowered Funds LLC boosted its holdings in Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares during the last quarter. Woodline Partners LP boosted its holdings in Edison International by 40.7% in the 1st quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after purchasing an additional 9,459 shares during the last quarter. Sivia Capital Partners LLC grew its stake in shares of Edison International by 153.6% in the 2nd quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after buying an additional 5,290 shares during the period. Finally, Baird Financial Group Inc. purchased a new stake in shares of Edison International in the 2nd quarter valued at approximately $302,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

Edison International stock opened at $73.38 on Thursday. The company’s 50 day simple moving average is $74.11 and its 200-day simple moving average is $71.89. The company has a market capitalization of $28.24 billion, a price-to-earnings ratio of 7.57, a price-to-earnings-growth ratio of 5.72 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 data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company posted $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities research analysts expect that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were paid a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date was Tuesday, July 7th. Edison International’s dividend payout ratio is 36.19%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Barclays reaffirmed an “equal weight” rating and set a $75.00 price target (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Morgan Stanley reiterated an “underweight” rating and issued a $69.00 price objective on shares of Edison International in a research report on Wednesday, July 22nd. Mizuho raised their target price on Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Truist Financial reduced their target price on Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. Finally, JPMorgan Chase & Co. upped their price target on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $72.82.

Edison International 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.