Mediolanum International Funds Ltd Reduces Holdings in Edison International $EIX

Mediolanum International Funds Ltd lowered its stake in shares of Edison International (NYSE:EIX) by 4.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 266,203 shares of the utilities provider’s stock after selling 13,374 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Edison International were worth $19,124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EIX. Jones Financial Companies Lllp grew its position in Edison International by 112.9% during the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after purchasing an additional 5,190 shares during the last quarter. Empowered Funds LLC increased its stake in Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares in the last quarter. Woodline Partners LP raised its holdings in shares of Edison International by 40.7% in the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock worth $1,927,000 after buying an additional 9,459 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Edison International by 153.6% in the second quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock worth $451,000 after buying an additional 5,290 shares during the last quarter. Finally, Baird Financial Group Inc. purchased a new position in shares of Edison International in the second quarter worth $302,000. 88.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EIX. Wells Fargo & Company reissued an “underweight” rating and set a $62.00 price objective on shares of Edison International in a report on Tuesday, April 21st. Seaport Research Partners lowered Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Bank of America lowered their price target on Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Edison International in a research note on Monday, July 13th. Finally, JPMorgan Chase & Co. increased their price objective on Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $72.73.

Edison International Stock Performance

Shares of NYSE EIX opened at $77.58 on Monday. The company has a 50 day simple moving average of $72.71 and a two-hundred day simple moving average of $69.80. The stock has a market cap of $29.85 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 6.04 and a beta of 0.66. The company has a current ratio of 0.74, a quick ratio of 0.68 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 released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share 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 business earned $1.37 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts predict that Edison International will post 6.13 earnings per share for the current year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be given a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is currently 38.11%.

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.