Edison International $EIX Stock Position Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in Edison International (NYSE:EIX) by 30.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,234,043 shares of the utilities provider’s stock after acquiring an additional 285,752 shares during the period. Russell Investments Group Ltd.’s holdings in Edison International were worth $68,207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in EIX. Activest Wealth Management boosted its holdings in Edison International by 677.8% in the third quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 488 shares during the period. CVA Family Office LLC lifted its position in shares of Edison International by 113.7% in the 3rd quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after buying an additional 307 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in shares of Edison International by 5,064.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock valued at $37,000 after buying an additional 709 shares during the period. CoreFirst Bank & Trust bought a new stake in shares of Edison International during the 2nd quarter valued at about $38,000. Finally, Quent Capital LLC bought a new stake in shares of Edison International during the 3rd quarter valued at about $40,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EIX has been the subject of a number of research reports. Mizuho set a $79.00 target price on Edison International in a research note on Thursday, February 19th. Wall Street Zen lowered Edison International from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Weiss Ratings restated a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. Morgan Stanley reiterated an “underweight” rating on shares of Edison International in a research note on Friday, February 20th. Finally, LADENBURG THALM/SH SH restated a “sell” rating and set a $63.00 price target on shares of Edison International in a research report on Thursday, March 5th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Edison International currently has an average rating of “Hold” and a consensus price target of $68.56.

Edison International Stock Performance

Shares of NYSE EIX opened at $70.96 on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 1.92. The stock has a 50 day simple moving average of $65.85 and a 200-day simple moving average of $59.97. The company has a market cap of $27.31 billion, a PE ratio of 6.14, a P/E/G ratio of 1.14 and a beta of 0.79. Edison International has a 12-month low of $47.73 and a 12-month high of $75.50.

Edison International (NYSE:EIX) last posted its earnings results on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, beating the consensus estimate of $1.47 by $0.40. The firm had revenue of $5.21 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Edison International had a return on equity of 14.87% and a net margin of 24.34%.During the same period last year, the firm 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. On average, equities research analysts forecast 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. Stockholders of record on Tuesday, April 7th will be issued a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Tuesday, April 7th. Edison International’s dividend payout ratio (DPR) is 30.36%.

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.