Gabelli Funds LLC Has $14.57 Million Stake in Edison International $EIX

Gabelli Funds LLC reduced its position in Edison International (NYSE:EIX) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,500 shares of the utilities provider’s stock after selling 17,200 shares during the period. Gabelli Funds LLC’s holdings in Edison International were worth $14,566,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Barclays PLC increased its stake in Edison International by 16.8% during the 3rd quarter. Barclays PLC now owns 1,370,776 shares of the utilities provider’s stock valued at $75,776,000 after purchasing an additional 197,100 shares in the last quarter. Integrated Quantitative Investments LLC bought a new position in shares of Edison International in the third quarter valued at $217,000. Advisory Alpha LLC grew its holdings in shares of Edison International by 38.0% during the third quarter. Advisory Alpha LLC now owns 7,163 shares of the utilities provider’s stock valued at $390,000 after buying an additional 1,971 shares during the last quarter. Cresset Asset Management LLC grew its holdings in shares of Edison International by 36.6% during the third quarter. Cresset Asset Management LLC now owns 9,880 shares of the utilities provider’s stock valued at $546,000 after buying an additional 2,647 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Edison International by 59.0% during the third quarter. Victory Capital Management Inc. now owns 2,062,035 shares of the utilities provider’s stock worth $113,989,000 after acquiring an additional 765,562 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Analysts Set New Price Targets

EIX has been the topic of a number of analyst reports. Jefferies Financial Group lowered their target price on shares of Edison International from $59.00 to $54.00 and set a “hold” rating on the stock in a report on Wednesday, January 28th. Wells Fargo & Company lowered Edison International from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $56.00 to $59.00 in a report on Tuesday, January 20th. Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Barclays raised their target price on Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, Mizuho set a $79.00 target price on Edison International in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $68.56.

Edison International Stock Up 0.8%

EIX opened at $71.80 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.73 and a quick ratio of 0.68. The company’s 50-day moving average is $65.43 and its 200 day moving average is $59.71. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $75.50. The firm has a market capitalization of $27.63 billion, a P/E ratio of 6.21, a PEG ratio of 1.17 and a beta of 0.79.

Edison International (NYSE:EIX) last issued its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.40. The business had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same period in the prior year, the firm posted $1.05 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. Research analysts expect that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Tuesday, April 7th will be issued a $0.8775 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. Edison International’s dividend payout ratio is currently 30.36%.

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.