Edison International $EIX Stake Decreased by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC reduced its stake in Edison International (NYSE:EIX) by 53.5% in the third quarter, HoldingsChannel reports. The fund owned 24,899 shares of the utilities provider’s stock after selling 28,594 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Edison International were worth $1,376,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. MAI Capital Management lifted its position in shares of Edison International by 20.8% during the 2nd quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 202 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Edison International by 2.4% in the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after buying an additional 211 shares in the last quarter. Michels Family Financial LLC grew its position in Edison International by 1.5% in the third quarter. Michels Family Financial LLC now owns 15,217 shares of the utilities provider’s stock worth $841,000 after acquiring an additional 231 shares in the last quarter. Generali Asset Management SPA SGR boosted its holdings in Edison International by 0.7% in the third quarter. Generali Asset Management SPA SGR now owns 31,539 shares of the utilities provider’s stock worth $1,743,000 after purchasing an additional 234 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its stake in shares of Edison International by 30.7% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 1,014 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 238 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Trading Up 0.3%

Shares of NYSE EIX opened at $70.96 on Wednesday. Edison International has a twelve month low of $47.73 and a twelve month high of $75.50. The stock has a market cap of $27.31 billion, a price-to-earnings ratio of 6.14, a P/E/G ratio of 1.14 and a beta of 0.79. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 1.92. The company’s fifty day moving average is $65.85 and its 200-day moving average is $59.97.

Edison International (NYSE:EIX) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.47 by $0.40. The business had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same quarter in the prior year, the company earned $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. Equities research analysts predict that Edison International will post 4.95 EPS for the current year.

Edison International Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EIX shares. Wells Fargo & Company downgraded Edison International from an “equal weight” rating to an “underweight” rating and raised their price target for the company from $56.00 to $59.00 in a research report on Tuesday, January 20th. Jefferies Financial Group dropped their target price on shares of Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a research report on Wednesday, January 28th. UBS Group lowered Edison International from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $70.00 to $78.00 in a research note on Friday, February 13th. LADENBURG THALM/SH SH reissued a “sell” rating and set a $63.00 price target on shares of Edison International in a research note on Thursday, March 5th. Finally, TD Cowen raised their price target on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Edison International has an average rating of “Hold” and an average price target of $68.56.

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.