Mitsubishi UFJ Asset Management Co. Ltd. Invests $68.98 Million in Edison International $EIX

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Edison International (NYSE:EIX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 926,545 shares of the utilities provider’s stock, valued at approximately $68,981,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.24% of Edison International as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 10Elms LLP purchased a new stake in Edison International during the 4th quarter valued at $26,000. Transamerica Financial Advisors LLC grew its holdings in shares of Edison International by 170.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 281 shares during the period. Groupe la Francaise purchased a new stake in Edison International during the first quarter valued at $29,000. Bell Investment Advisors Inc bought a new position in Edison International in the second quarter valued at about $31,000. Finally, Altshuler Shaham Ltd boosted its position in Edison International by 36.6% in the first quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 155 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Down 0.4%

NYSE EIX opened at $73.38 on Thursday. The stock’s 50-day moving average price is $74.11 and its 200-day moving average price is $71.89. 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 $28.24 billion, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 5.72 and a beta 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, beating analysts’ consensus estimates of $1.18 by $0.36. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The business’s quarterly revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, equities research analysts predict that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The company 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. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.8%. Edison International’s payout ratio is currently 36.19%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Truist Financial reduced their price target on shares of Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 4th. Weiss Ratings lowered shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. upped their target price on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Barclays reiterated 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. Finally, Morgan Stanley reissued an “underweight” rating and set a $69.00 price objective on shares of Edison International in a research report on Wednesday, July 22nd. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $72.82.

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.