NewEdge Advisors LLC Purchases 11,499 Shares of Edison International $EIX

NewEdge Advisors LLC increased its position in Edison International (NYSE:EIX) by 18.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,462 shares of the utilities provider’s stock after acquiring an additional 11,499 shares during the period. NewEdge Advisors LLC’s holdings in Edison International were worth $5,376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Glenmede Trust Co. NA boosted its stake in Edison International by 0.9% during the 1st quarter. Glenmede Trust Co. NA now owns 151,663 shares of the utilities provider’s stock valued at $11,099,000 after purchasing an additional 1,386 shares during the last quarter. Verus Capital Partners LLC purchased a new position in shares of Edison International in the first quarter worth $446,000. Groupe la Francaise bought a new position in shares of Edison International during the first quarter valued at $29,000. Western Wealth Management LLC bought a new position in shares of Edison International during the first quarter valued at $867,000. Finally, Kentucky Retirement Systems boosted its position in shares of Edison International by 12.4% during the first quarter. Kentucky Retirement Systems now owns 26,899 shares of the utilities provider’s stock valued at $1,968,000 after buying an additional 2,970 shares during the last quarter. 88.95% of the stock is owned by institutional investors.

Edison International Trading Up 3.0%

Shares of NYSE:EIX opened at $69.83 on Wednesday. The stock’s 50-day simple moving average is $74.12 and its two-hundred day simple moving average is $71.47. The stock has a market capitalization of $26.87 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 5.27 and a beta of 0.66. Edison International has a 52-week low of $52.00 and a 52-week high of $81.62. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66.

Edison International (NYSE:EIX) last released its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, beating the consensus estimate of $1.18 by $0.36. The firm had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Analysts expect that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were given a $0.8775 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 5.0%. Edison International’s dividend payout ratio (DPR) is presently 36.19%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EIX shares. Wells Fargo & Company reiterated an “underweight” rating and issued a $62.00 price objective on shares of Edison International in a report on Tuesday, April 21st. Mizuho upped their target price on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. raised their price target on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Edison International in a research note on Monday, July 13th. Finally, Seaport Research Partners cut shares of Edison International from a “buy” rating to a “neutral” rating in a report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Edison International presently has an average rating of “Hold” and a consensus target price of $72.82.

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.