Hsbc Holdings PLC Takes $261.27 Million Position in Edison International $EIX

Hsbc Holdings PLC purchased a new position in shares of Edison International (NYSE:EIX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,507,101 shares of the utilities provider’s stock, valued at approximately $261,275,000. Hsbc Holdings PLC owned 0.91% of Edison International as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of EIX. 10Elms LLP bought a new stake in shares of Edison International in the 4th quarter valued at about $26,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Edison International during the second quarter worth about $26,000. Transamerica Financial Advisors LLC lifted its stake in shares of Edison International by 170.3% in the fourth quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 281 shares during the period. Groupe la Francaise bought a new stake in Edison International in the first quarter valued at approximately $29,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Edison International during the 2nd quarter worth approximately $30,000. 88.95% of the stock is currently owned by institutional investors and hedge funds.

Edison International Stock Performance

Shares of EIX opened at $74.83 on Wednesday. The firm has a market capitalization of $28.79 billion, a P/E ratio of 7.71, a P/E/G ratio of 5.74 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 stock has a 50 day moving average price of $74.23 and a two-hundred day moving average price of $72.22. 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 announced its earnings results on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm earned $0.97 earnings per share. Edison International’s quarterly revenue was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Equities analysts forecast that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were issued a $0.8775 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.7%. Edison International’s dividend payout ratio is currently 36.19%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on EIX shares. Weiss Ratings lowered shares of Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Truist Financial lowered their target price on Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a report on Tuesday, August 4th. Morgan Stanley lowered their price objective on shares of Edison International from $69.00 to $65.00 and set an “underweight” rating for the company in a research note on Friday, August 21st. JPMorgan Chase & Co. lifted their price target on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Finally, Mizuho raised their price objective on Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $72.45.

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.