Edison International (NYSE:EIX) Shares Gap Down – Here’s Why

Edison International (NYSE:EIX)’s share price gapped down prior to trading on Monday . The stock had previously closed at $70.17, but opened at $55.71. Edison International shares last traded at $55.7630, with a volume of 3,414,816 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Argus reiterated a “hold” rating on shares of Edison International in a research note on Wednesday, August 26th. Morgan Stanley decreased 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. Weiss Ratings raised Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. 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 report on Friday, July 31st. Finally, Mizuho reissued a “neutral” rating and issued a $70.00 target price (down from $86.00) on shares of Edison International in a report on Monday. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Edison International has an average rating of “Hold” and a consensus target price of $71.00.

Edison International Stock Down 23.2%

The company has a debt-to-equity ratio of 1.95, a current ratio of 0.66 and a quick ratio of 0.61. The firm’s 50 day moving average price is $74.30 and its two-hundred day moving average price is $72.41. The firm has a market cap of $20.74 billion, a price-to-earnings ratio of 5.56, a P/E/G ratio of 5.45 and a beta of 0.66.

Edison International (NYSE:EIX) last issued its quarterly 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. The firm had revenue of $4.36 billion for the quarter, compared to analysts’ expectations of $4.82 billion. Edison International had a return on equity of 15.53% and a net margin of 20.30%.The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. 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, sell-side analysts forecast that Edison International will post 6.13 earnings per share for the current fiscal year.

Edison International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were paid a $0.8775 dividend. This represents a $3.51 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Tuesday, July 7th. Edison International’s dividend payout ratio (DPR) is 36.19%.

Institutional Investors Weigh In On Edison International

Several large investors have recently modified their holdings of the stock. California State Teachers Retirement System grew its position in Edison International by 7,943.7% in the 2nd quarter. California State Teachers Retirement System now owns 54,771,153 shares of the utilities provider’s stock valued at $4,077,712,000 after buying an additional 54,090,230 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Edison International in the 2nd quarter worth $3,340,412,000. AQR Capital Management LLC lifted its stake in shares of Edison International by 69.9% in the 4th quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after acquiring an additional 7,521,168 shares during the period. Norges Bank purchased a new stake in shares of Edison International in the fourth quarter valued at about $339,311,000. Finally, Legal & General Group Plc acquired a new stake in Edison International in the second quarter valued at about $329,766,000. Hedge funds and other institutional investors own 88.95% of the company’s stock.

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.