Edison International $EIX Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its holdings in shares of Edison International (NYSE:EIX) by 50.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,966 shares of the utilities provider’s stock after acquiring an additional 16,175 shares during the quarter. Janus Henderson Group PLC’s holdings in Edison International were worth $3,511,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Edison International by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock valued at $3,134,268,000 after buying an additional 480,726 shares during the period. State Street Corp boosted its stake in Edison International by 3.0% during the fourth quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock worth $1,989,135,000 after buying an additional 953,800 shares during the period. AQR Capital Management LLC increased its position in shares of Edison International by 69.9% during the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after acquiring an additional 7,521,168 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Edison International by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock valued at $803,407,000 after acquiring an additional 386,905 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Edison International by 12.3% in the 4th quarter. Northern Trust Corp now owns 6,070,324 shares of the utilities provider’s stock valued at $364,341,000 after acquiring an additional 662,477 shares during the period. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Stock Up 2.0%

Shares of Edison International stock opened at $68.57 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. Edison International has a 52-week low of $52.00 and a 52-week high of $81.62. The company has a market capitalization of $26.39 billion, a P/E ratio of 7.07, a P/E/G ratio of 5.22 and a beta of 0.66. The company has a 50 day moving average of $74.17 and a 200 day moving average of $71.29.

Edison International (NYSE:EIX) last announced its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. The business 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%. The company’s revenue was down 4.1% on a year-over-year basis. During the same period last year, the business earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, research analysts forecast that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were issued a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s payout ratio is 36.19%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Bank of America decreased their price objective on shares of Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Barclays reissued an “equal weight” rating and issued a $75.00 target price (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Truist Financial lowered their price target on Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday. Morgan Stanley reiterated an “underweight” rating and issued a $69.00 price objective on shares of Edison International in a report on Wednesday, July 22nd. Finally, Seaport Research Partners cut Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.