31,842 Shares in Edison International $EIX Acquired by Global Retirement Partners LLC

Global Retirement Partners LLC acquired a new stake in Edison International (NYSE:EIX) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 31,842 shares of the utilities provider’s stock, valued at approximately $2,371,000.

Other institutional investors have also recently bought and sold shares of the company. Fielder Capital Group LLC bought a new stake in shares of Edison International during the second quarter worth $448,000. Silverlake Wealth Management LLC bought a new position in shares of Edison International in the second quarter valued at about $206,000. Bank of New York Mellon Corp bought a new position in shares of Edison International in the second quarter valued at about $309,361,000. Focus Partners Advisor Solutions LLC acquired a new position in Edison International during the 2nd quarter worth about $4,578,000. Finally, Bellars Harris Wealth Management LLC acquired a new position in Edison International during the 2nd quarter worth about $4,147,000. Institutional investors own 88.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EIX shares. Barclays restated an “equal weight” rating and issued a $75.00 price objective (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Weiss Ratings lowered shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Wells Fargo & Company reissued an “underweight” rating and issued a $62.00 price target on shares of Edison International in a report on Tuesday, April 21st. Bank of America dropped their price objective on shares of Edison International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Finally, Mizuho upped their price objective on Edison International from $79.00 to $86.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Edison International presently has an average rating of “Hold” and an average price target of $72.82.

Edison International Stock Down 0.1%

Shares of Edison International stock opened at $71.35 on Monday. Edison International has a 12 month low of $52.00 and a 12 month high of $81.62. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.95. The stock has a market cap of $27.46 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 5.54 and a beta of 0.66. The business has a fifty day simple moving average of $74.02 and a 200 day simple moving average of $71.67.

Edison International (NYSE:EIX) last posted its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.36. The company had revenue of $4.36 billion for 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 period last year, the business posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Research analysts predict 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 was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were given a $0.8775 dividend. This represents a $3.51 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s payout ratio is currently 36.19%.

About Edison International

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.