Landscape Capital Management L.L.C. Acquires New Shares in Edison International $EIX

Landscape Capital Management L.L.C. acquired a new stake in shares of Edison International (NYSE:EIX) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 74,109 shares of the utilities provider’s stock, valued at approximately $5,517,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EIX. Vanguard Group Inc. boosted its position in Edison International by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 52,220,399 shares of the utilities provider’s stock worth $3,134,268,000 after purchasing an additional 480,726 shares during the last quarter. BlackRock Inc. bought a new position in shares of Edison International in the second quarter worth approximately $3,340,412,000. State Street Corp increased its stake in shares of Edison International by 3.0% in the fourth quarter. State Street Corp now owns 33,141,204 shares of the utilities provider’s stock worth $1,989,135,000 after purchasing an additional 953,800 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Edison International by 69.9% in the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after purchasing an additional 7,521,168 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Edison International by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 13,018,379 shares of the utilities provider’s stock worth $803,407,000 after purchasing an additional 386,905 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

EIX has been the topic of a number of analyst reports. Mizuho lifted 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. Barclays reiterated an “equal weight” rating and issued a $75.00 price target (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Morgan Stanley decreased their price target on Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a report on Friday. Truist Financial lowered their price objective 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. Finally, Weiss Ratings lowered Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $72.45.

Edison International Trading Down 4.2%

Shares of EIX opened at $71.51 on Friday. The firm has a market cap of $27.52 billion, a P/E ratio of 7.37, a price-to-earnings-growth ratio of 5.80 and a beta of 0.66. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. Edison International has a 1 year low of $52.00 and a 1 year high of $81.62. The company has a 50 day simple moving average of $74.13 and a two-hundred day simple moving average of $71.97.

Edison International (NYSE:EIX) last released its earnings results on Thursday, July 30th. The utilities provider reported $1.54 EPS for the quarter, topping the consensus estimate of $1.18 by $0.36. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The firm had revenue of $4.36 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The company’s quarterly 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. On average, equities analysts expect that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were issued a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Tuesday, July 7th. Edison International’s payout ratio is currently 36.19%.

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.