Compass Financial Management LLC Buys Shares of 19,721 Edison International $EIX

Compass Financial Management LLC bought a new stake in Edison International (NYSE:EIX) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 19,721 shares of the utilities provider’s stock, valued at approximately $1,464,000.

A number of other institutional investors have also recently made changes to their positions in EIX. Goldman Sachs Group Inc. lifted its holdings in Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock valued at $329,924,000 after purchasing an additional 1,609,847 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of Edison International during the second quarter worth $2,586,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Edison International during the first quarter worth $1,503,000. Chicago Partners Investment Group LLC raised its position in shares of Edison International by 128.7% in the fourth quarter. Chicago Partners Investment Group LLC now owns 23,765 shares of the utilities provider’s stock valued at $1,444,000 after buying an additional 13,375 shares during the last quarter. Finally, Del Sette Capital Management LLC acquired a new stake in shares of Edison International in the first quarter valued at about $3,275,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Edison International Stock Down 4.2%

Shares of EIX opened at $71.51 on Friday. Edison International has a 52-week low of $52.00 and a 52-week 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 fifty day simple moving average of $74.13 and a two-hundred day simple moving average of $71.97. The company has a market capitalization of $27.52 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 5.56 and a beta of 0.66.

Edison International (NYSE:EIX) last announced its quarterly earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating 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 analysts’ expectations of $4.82 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The company’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. As a group, equities analysts forecast that Edison International will post 6.13 EPS for the current year.

Edison International Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EIX. Morgan Stanley decreased their price target on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating on the stock in a research note on Friday. Barclays reaffirmed an “equal weight” rating and set a $75.00 price objective (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. JPMorgan Chase & Co. raised their target price on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Weiss Ratings lowered shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Finally, Truist Financial lowered their target price on Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a report on Tuesday, August 4th. Three investment 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.com, the stock presently has an average rating of “Hold” and a consensus target price of $72.45.

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.