Odyssean LLC Acquires New Shares in Edison International $EIX

Odyssean LLC bought a new stake in shares of Edison International (NYSE:EIX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 11,205 shares of the utilities provider’s stock, valued at approximately $834,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Man Group plc bought a new position in shares of Edison International during the second quarter valued at $55,737,000. Western Wealth Management LLC bought a new stake in Edison International in the 2nd quarter worth about $889,000. Jupiter Topco LLC purchased a new position in Edison International in the 2nd quarter worth about $3,577,000. Hsbc Holdings PLC purchased a new position in Edison International in the 2nd quarter worth about $261,275,000. Finally, EFG International AG bought a new position in Edison International during the 2nd quarter valued at about $772,000. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Down 0.1%

EIX opened at $74.69 on Thursday. The firm’s 50 day simple moving average is $74.30 and its two-hundred day simple moving average is $72.30. The company has a market capitalization of $28.74 billion, a PE ratio of 7.70, a PEG ratio of 5.81 and a beta of 0.66. Edison International has a 1-year low of $52.00 and a 1-year high of $81.62. 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 (NYSE:EIX) last issued its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. The firm had revenue of $4.36 billion during the quarter, compared to the consensus estimate of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 EPS. 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 Dividend Announcement

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 dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s payout ratio is currently 36.19%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target 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. Argus restated a “hold” rating on shares of Edison International in a research report on Wednesday. Barclays reaffirmed an “equal weight” rating and issued a $75.00 target price (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Morgan Stanley lowered 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, August 21st. Finally, Weiss Ratings downgraded Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.