Flputnam Investment Management Co. Invests $6.35 Million in Edison International $EIX

Flputnam Investment Management Co. acquired a new stake in shares of Edison International (NYSE:EIX) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 85,317 shares of the utilities provider’s stock, valued at approximately $6,352,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Avior Wealth Management LLC boosted its holdings in Edison International by 4.7% in the second quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 134 shares during the last quarter. Equitable Trust Co. lifted its holdings in shares of Edison International by 0.8% during the 1st quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock valued at $1,435,000 after buying an additional 148 shares during the period. Altshuler Shaham Ltd lifted its holdings in shares of Edison International by 36.6% during the 1st quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock valued at $42,000 after buying an additional 155 shares during the period. UMB Bank n.a. boosted its stake in shares of Edison International by 5.3% in the 4th quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock worth $190,000 after buying an additional 159 shares during the last quarter. Finally, Paladin Wealth LLC boosted its stake in shares of Edison International by 6.3% in the 2nd quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider’s stock worth $226,000 after buying an additional 181 shares during the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

NYSE:EIX opened at $71.35 on Monday. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. Edison International has a 12-month low of $52.00 and a 12-month high of $81.62. The stock has a 50-day moving average price of $74.02 and a 200 day moving average price of $71.67. The stock has a market capitalization of $27.46 billion, a P/E ratio of 7.36, a P/E/G ratio of 5.54 and a beta of 0.66.

Edison International (NYSE:EIX) last posted its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The company had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the previous year, the firm earned $0.97 EPS. The firm’s revenue was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities research analysts forecast that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were given a dividend of $0.8775 per share. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.9%. Edison International’s dividend payout ratio (DPR) is presently 36.19%.

Analyst Ratings Changes

A number of research firms recently commented on EIX. Morgan Stanley reiterated an “underweight” rating and set a $69.00 price objective on shares of Edison International in a research report on Wednesday, July 22nd. Truist Financial dropped their target price on Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research report on Tuesday, August 4th. Wells Fargo & Company restated an “underweight” rating and set a $62.00 price target on shares of Edison International in a research note on Tuesday, April 21st. Weiss Ratings downgraded Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Barclays reaffirmed an “equal weight” rating and set a $75.00 price target (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.