Convergence Investment Partners LLC Has $3.90 Million Stock Holdings in Edison International $EIX

Convergence Investment Partners LLC lifted its holdings in shares of Edison International (NYSE:EIX) by 47.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 53,350 shares of the utilities provider’s stock after acquiring an additional 17,282 shares during the period. Convergence Investment Partners LLC’s holdings in Edison International were worth $3,904,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. 10Elms LLP bought a new position in Edison International during the fourth quarter worth about $26,000. Transamerica Financial Advisors LLC boosted its holdings in Edison International by 170.3% during the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 281 shares in the last quarter. Quest 10 Wealth Builders Inc. grew its stake in shares of Edison International by 866.7% in the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock valued at $47,000 after purchasing an additional 702 shares during the period. DV Equities LLC bought a new stake in shares of Edison International in the 4th quarter valued at approximately $52,000. Finally, McMillan Office Inc. acquired a new position in shares of Edison International in the 4th quarter worth approximately $55,000. Institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EIX. Bank of America decreased their price target on Edison International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Monday, April 20th. JPMorgan Chase & Co. increased their target price on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Truist Financial cut their price objective on Edison International from $82.00 to $79.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Wells Fargo & Company reiterated an “underweight” rating and set a $62.00 target price on shares of Edison International in a research report on Tuesday, April 21st. Finally, Barclays lifted their target price on Edison International from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.73.

Edison International Stock Down 0.4%

Shares of NYSE:EIX opened at $77.33 on Tuesday. The company has a 50 day moving average price of $72.85 and a two-hundred day moving average price of $69.92. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.68 and a current ratio of 0.74. The company has a market capitalization of $29.76 billion, a PE ratio of 8.40, a PEG ratio of 6.04 and a beta of 0.66. Edison International has a 52 week low of $50.85 and a 52 week high of $79.88.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the business earned $1.37 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts forecast that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be issued a dividend of $0.8775 per share. The ex-dividend date is Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.5%. Edison International’s payout ratio is currently 38.11%.

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.