Edison International (EIX) To Go Ex-Dividend on July 7th

Edison International (NYSE:EIX) announced a quarterly dividend on Wednesday, June 24th. Shareholders of record on Tuesday, July 7th will be given a dividend of 0.8775 per share by the utilities provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date is Tuesday, July 7th.

Edison International has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 23 consecutive years. Edison International has a payout ratio of 57.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Edison International to earn $6.54 per share next year, which means the company should continue to be able to cover its $3.51 annual dividend with an expected future payout ratio of 53.7%.

Edison International Price Performance

Shares of EIX stock opened at $75.63 on Friday. The company has a market capitalization of $29.10 billion, a P/E ratio of 8.21, a P/E/G ratio of 1.31 and a beta of 0.66. The company’s 50-day simple moving average is $71.28 and its two-hundred day simple moving average is $68.59. Edison International has a one year low of $49.14 and a one year high of $76.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.74 and a quick ratio of 0.68.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.10. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.15 billion. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, equities analysts anticipate that Edison International will post 6.12 EPS for the current year.

Insider Buying and Selling

In other Edison International news, Director Peter J. Taylor sold 500 shares of the company’s stock in a transaction on Monday, April 13th. The stock was sold at an average price of $75.30, for a total transaction of $37,650.00. Following the completion of the sale, the director owned 34,212 shares in the company, valued at $2,576,163.60. This represents a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Edison International

Hedge funds have recently made changes to their positions in the stock. 10Elms LLP bought a new position in Edison International in the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC boosted its holdings 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 buying an additional 281 shares in the last quarter. Groupe la Francaise purchased a new position in shares of Edison International in the 1st quarter worth approximately $29,000. Ransom Advisory Ltd raised its stake in shares of Edison International by 74.9% during the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 259 shares in the last quarter. Finally, Ameriflex Group Inc. raised its stake in shares of Edison International by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 742 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 371 shares in the last quarter. 88.95% of the stock is currently owned by hedge funds and other institutional investors.

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.