Flputnam Investment Management Co. Purchases Shares of 85,317 Edison International $EIX

Flputnam Investment Management Co. bought a new stake in Edison International (NYSE:EIX) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 85,317 shares of the utilities provider’s stock, valued at approximately $6,352,000.

Several other institutional investors have also bought and sold shares of EIX. Jones Financial Companies Lllp grew its stake in shares of Edison International by 112.9% in the 1st quarter. Jones Financial Companies Lllp now owns 9,785 shares of the utilities provider’s stock worth $577,000 after acquiring an additional 5,190 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Edison International by 2.4% in the first quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares during the last quarter. Woodline Partners LP lifted its position in shares of Edison International by 40.7% during the first quarter. Woodline Partners LP now owns 32,709 shares of the utilities provider’s stock valued at $1,927,000 after purchasing an additional 9,459 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of Edison International by 153.6% during the second quarter. Sivia Capital Partners LLC now owns 8,734 shares of the utilities provider’s stock valued at $451,000 after purchasing an additional 5,290 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new position in Edison International during the second quarter worth about $302,000. Institutional investors own 88.95% of the company’s stock.

Edison International Price Performance

NYSE EIX opened at $70.09 on Friday. The company has a market cap of $26.97 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of 5.45 and a beta of 0.66. 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 firm’s 50-day simple moving average is $74.30 and its two-hundred day simple moving average is $72.35. Edison International has a 52 week low of $52.00 and a 52 week high of $81.62.

Edison International (NYSE:EIX) last released its quarterly earnings data on Thursday, July 30th. The utilities provider reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.36. The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.82 billion. Edison International had a net margin of 20.30% and a return on equity of 15.53%. Edison International’s revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.97 EPS. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Research analysts predict that Edison International will post 6.13 earnings per share for the current year.

Edison International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were paid a dividend of $0.8775 per share. This represents a $3.51 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Tuesday, July 7th. Edison International’s payout ratio is presently 36.19%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EIX shares. Argus reaffirmed a “hold” rating on shares of Edison International in a report on Wednesday. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. Mizuho upped 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. Barclays reiterated an “equal weight” rating and set a $75.00 target price (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.