Weiss Asset Management LP Takes $1.48 Million Position in Edison International $EIX

Weiss Asset Management LP acquired a new stake in Edison International (NYSE:EIX) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 20,153 shares of the utilities provider’s stock, valued at approximately $1,475,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC boosted its position in Edison International by 69.9% during the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock valued at $1,097,475,000 after purchasing an additional 7,521,168 shares during the last quarter. Norges Bank bought a new position in Edison International in the fourth quarter valued at approximately $339,311,000. Goldman Sachs Group Inc. increased its position in shares of Edison International by 41.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after purchasing an additional 1,609,847 shares during the last quarter. Assetmark Inc. increased its position in shares of Edison International by 1,118.0% during the 1st quarter. Assetmark Inc. now owns 1,601,327 shares of the utilities provider’s stock worth $117,185,000 after purchasing an additional 1,469,860 shares during the last quarter. Finally, Swedbank AB raised its stake in shares of Edison International by 207.0% during the 1st quarter. Swedbank AB now owns 2,073,181 shares of the utilities provider’s stock worth $151,715,000 after purchasing an additional 1,397,858 shares in the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Edison International Price Performance

Shares of Edison International stock opened at $79.71 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.74 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $30.67 billion, a price-to-earnings ratio of 8.65, a price-to-earnings-growth ratio of 6.20 and a beta of 0.66. Edison International has a twelve month low of $51.01 and a twelve month high of $80.90. The company has a 50-day simple moving average of $73.56 and a two-hundred day simple moving average of $70.45.

Edison International (NYSE:EIX) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $1.42 earnings per share (EPS) 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 posted $1.37 EPS. The business’s 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. Analysts forecast that Edison International will post 6.13 EPS for the current year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is 38.11%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Seaport Research Partners lowered shares of Edison International from a “buy” rating to a “neutral” rating in a research note on Monday, April 20th. Wells Fargo & Company reiterated an “underweight” rating and set a $62.00 price target on shares of Edison International in a report on Tuesday, April 21st. Morgan Stanley reaffirmed an “underweight” rating and set a $69.00 price objective on shares of Edison International in a research report on Wednesday. Finally, Truist Financial decreased their target price on Edison International from $82.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Edison International has an average rating of “Hold” and a consensus target price of $72.64.

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.