7,594 Shares in Edison International $EIX Acquired by Virtus Advisers LLC

Virtus Advisers LLC bought a new stake in Edison International (NYSE:EIX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,594 shares of the utilities provider’s stock, valued at approximately $565,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Edison International during the 2nd quarter valued at $3,340,412,000. AQR Capital Management LLC raised its holdings 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 worth $1,097,475,000 after acquiring an additional 7,521,168 shares in the last quarter. Norges Bank purchased a new stake in shares of Edison International during the fourth quarter worth $339,311,000. Bank of New York Mellon Corp acquired a new stake in Edison International during the second quarter valued at $309,361,000. Finally, Deutsche Bank AG acquired a new stake in Edison International during the second quarter valued at $167,095,000. Institutional investors and hedge funds own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Edison International Stock Up 1.8%

NYSE EIX opened at $74.75 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. The stock’s 50 day moving average is $74.16 and its two-hundred day moving average is $71.98. The company has a market capitalization of $28.76 billion, a price-to-earnings ratio of 7.71, a PEG ratio of 5.70 and a beta of 0.66. Edison International has a 1-year low of $52.00 and a 1-year high of $81.62.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the company earned $0.97 EPS. Edison International’s revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts forecast that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were given a dividend of $0.8775 per share. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.7%. Edison International’s dividend payout ratio (DPR) is 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.