Jupiter Topco LLC acquired a new stake in Edison International (NYSE:EIX – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 48,035 shares of the utilities provider’s stock, valued at approximately $3,577,000.
A number of other institutional investors have also made changes to their positions in the business. 10Elms LLP acquired a new position in Edison International during the fourth quarter worth $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in Edison International during the 2nd quarter worth about $26,000. Transamerica Financial Advisors LLC lifted its position in Edison International by 170.3% during the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after buying an additional 281 shares in the last quarter. Groupe la Francaise acquired a new position in shares of Edison International during the 1st quarter worth about $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Edison International during the 2nd quarter worth about $30,000. Institutional investors own 88.95% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on EIX. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 27th. Mizuho reissued a “neutral” rating and set a $70.00 price target (down from $86.00) on shares of Edison International in a research report on Monday. Bank of America downgraded Edison International from a “buy” rating to a “neutral” rating and decreased their price target for the company from $81.00 to $51.00 in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Finally, Argus reiterated a “hold” rating on shares of Edison International in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $67.18.
Edison International Price Performance
NYSE:EIX opened at $59.01 on Wednesday. The company has a market cap of $22.71 billion, a P/E ratio of 6.08, a P/E/G ratio of 4.19 and a beta of 0.62. The firm’s fifty day moving average price is $73.66 and its two-hundred day moving average price is $72.27. Edison International has a one year low of $52.00 and a one year high of $81.62. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61.
Edison International (NYSE:EIX – Get Free Report) last announced 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 net margin of 20.30% and a return on equity of 15.53%. The business had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the previous year, the firm posted $0.97 EPS. Edison International’s 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. Equities analysts expect that Edison International will post 6.13 earnings per share for the current year.
Edison International Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were issued a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Tuesday, July 7th. Edison International’s payout ratio is currently 36.19%.
Edison International News Roundup
Here are the key news stories impacting Edison International this week:
- Positive Sentiment: California lawmakers reportedly killed a wildfire bill that did not provide liability protections for investor-owned utilities. The development may reopen the possibility of legislation that limits wildfire-related financial exposure for Edison’s Southern California Edison subsidiary. PG&E Stock, Edison International Rise as California Lawmakers Kill Wildfire Bill
- Positive Sentiment: Traders purchased 23,522 EIX call options, approximately 514% above typical call volume. The activity indicates increased speculative interest and may reflect bets on a rebound, although options volume alone does not establish a lasting change in fundamentals.
- Neutral Sentiment: Bank of America reaffirmed its “neutral” rating but reduced its price target to $51 from $81, implying further downside from the current trading level. The sharply lower target underscores how materially wildfire-liability concerns have changed the risk assessment. Bank of America analyst update
- Neutral Sentiment: Mizuho also maintained a “neutral” rating while cutting its target to $70 from $86. Its target remains above the current price, suggesting potential recovery value if California provides a workable liability framework, but the reduction signals greater uncertainty. Monday’s Top Wall Street Analyst Research Calls
- Negative Sentiment: The underlying concern remains unresolved: recent wildfire legislation omitted the liability cap investors expected, leaving EIX potentially responsible for substantial fire-related costs. Southern California Edison’s call for comprehensive wildfire reform highlights the continuing regulatory, balance-sheet and credit-rating risks. Edison International plunges after California bill omits protections
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.
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