Kingsview Wealth Management LLC Makes New Investment in Edison International $EIX

Kingsview Wealth Management LLC acquired a new position in shares of Edison International (NYSE:EIX) in the 2nd quarter, HoldingsChannel reports. The fund acquired 7,753 shares of the utilities provider’s stock, valued at approximately $577,000.

A number of other hedge funds have also made changes to their positions in EIX. Beacon Pointe Advisors LLC acquired a new stake in shares of Edison International during the 2nd quarter worth about $1,964,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Edison International in the second quarter valued at approximately $162,000. Twin Lakes Capital Management LLC acquired a new position in Edison International in the second quarter valued at approximately $57,000. Rakuten Investment Management Inc. purchased a new position in Edison International in the second quarter valued at approximately $4,750,000. Finally, RB Capital Management LLC purchased a new position in Edison International in the second quarter valued at approximately $228,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

EIX has been the subject of several recent analyst reports. Mizuho boosted their price objective on shares of Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Argus reiterated a “hold” rating on shares of Edison International in a research note on Wednesday, August 26th. Barclays reissued an “equal weight” rating and issued a $75.00 price target (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. JPMorgan Chase & Co. upped their price objective on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Finally, Morgan Stanley dropped their price objective on Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a report on Friday, August 21st. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $72.45.

Edison International Price Performance

Shares of NYSE EIX opened at $70.09 on Monday. The stock has a market cap of $26.97 billion, a P/E ratio of 7.23, a P/E/G ratio of 5.45 and a beta of 0.66. Edison International has a twelve month low of $52.00 and a twelve month high of $81.62. The stock has a 50 day moving average of $74.30 and a two-hundred day moving average of $72.41. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95.

Edison International (NYSE:EIX) last announced its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period last year, the firm posted $0.97 earnings per share. The company’s revenue for the quarter 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. On average, research analysts forecast that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were paid a $0.8775 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a yield of 5.0%. 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.