102,425 Shares in Edison International $EIX Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new position in shares of Edison International (NYSE:EIX) in the second quarter, Holdings Channel.com reports. The fund purchased 102,425 shares of the utilities provider’s stock, valued at approximately $7,626,000.

Other institutional investors have also recently made changes to their positions in the company. Avior Wealth Management LLC raised its position in Edison International by 4.7% in the second quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider’s stock valued at $220,000 after purchasing an additional 134 shares during the period. Equitable Trust Co. lifted its stake in shares of Edison International by 0.8% in the 1st quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock valued at $1,435,000 after purchasing an additional 148 shares during the last quarter. Altshuler Shaham Ltd grew its holdings in shares of Edison International by 36.6% during the 1st 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 period. UMB Bank n.a. grew its holdings in shares of Edison International by 5.3% during the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock worth $190,000 after purchasing an additional 159 shares during the period. Finally, Paladin Wealth LLC increased its position in shares of Edison International by 6.3% during the 2nd quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Ratings Changes

EIX has been the topic of a number of research analyst reports. Truist Financial reduced their price target on shares of Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research note on Tuesday, August 4th. Mizuho increased 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. Barclays reiterated an “equal weight” rating and issued a $75.00 target price (down from $78.00) on shares of Edison International in a report on Friday, July 31st. Weiss Ratings lowered Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. upped their price target on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $72.82.

Edison International Trading Down 0.4%

NYSE:EIX opened at $73.38 on Thursday. The firm has a market cap of $28.24 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 5.72 and a beta of 0.66. The stock has a fifty day moving average price of $74.11 and a 200 day moving average price of $71.89. Edison International has a 12-month low of $52.00 and a 12-month high of $81.62. 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 released its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share 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 firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period in the prior year, the firm earned $0.97 earnings per share. The business’s quarterly revenue 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. Sell-side analysts anticipate that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were paid a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 4.8%. The ex-dividend date was Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is currently 36.19%.

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.