Illinois Municipal Retirement Fund Has $7.85 Million Stake in Edison International $EIX

Illinois Municipal Retirement Fund trimmed its stake in Edison International (NYSE:EIX) by 32.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 107,260 shares of the utilities provider’s stock after selling 50,764 shares during the period. Illinois Municipal Retirement Fund’s holdings in Edison International were worth $7,849,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EIX. 10Elms LLP bought a new position in shares of Edison International during the fourth quarter valued at $26,000. Transamerica Financial Advisors LLC grew its holdings in shares of Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 281 shares during the last quarter. Ransom Advisory Ltd increased its position in shares of Edison International by 74.9% during the 4th quarter. Ransom Advisory Ltd now owns 605 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 259 shares in the last quarter. Quest 10 Wealth Builders Inc. increased its position in shares of Edison International by 866.7% during the 4th quarter. Quest 10 Wealth Builders Inc. now owns 783 shares of the utilities provider’s stock worth $47,000 after purchasing an additional 702 shares in the last quarter. Finally, DV Equities LLC acquired a new stake in shares of Edison International during the 4th quarter worth about $52,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Stock Performance

Edison International stock opened at $77.58 on Friday. The stock has a 50-day simple moving average of $72.71 and a 200 day simple moving average of $69.73. The stock has a market capitalization of $29.85 billion, a price-to-earnings ratio of 8.42, a P/E/G ratio of 6.07 and a beta of 0.66. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. Edison International has a 12-month low of $50.85 and a 12-month high of $79.88.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.10. Edison International had a net margin of 19.27% and a return on equity of 14.56%. The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the prior year, the firm earned $1.37 EPS. The company’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. On average, research 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 announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, July 7th. Edison International’s dividend payout ratio is presently 38.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on EIX shares. Barclays boosted their price target on shares of Edison International from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Edison International in a research note on Monday. Morgan Stanley reissued an “underweight” rating on shares of Edison International in a report on Wednesday, June 24th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $62.00 price target on shares of Edison International in a research report on Tuesday, April 21st. Four equities 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.com, the company currently has an average rating of “Hold” and an average target price of $72.73.

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.