Sigma Planning Corp Grows Position in Edison International $EIX

Sigma Planning Corp lifted its position in shares of Edison International (NYSE:EIX) by 105.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,634 shares of the utilities provider’s stock after purchasing an additional 14,728 shares during the quarter. Sigma Planning Corp’s holdings in Edison International were worth $2,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in EIX. BlackRock Inc. purchased a new position in Edison International during the 2nd quarter valued at about $3,340,412,000. AQR Capital Management LLC grew its holdings in Edison International by 69.9% in the fourth quarter. AQR Capital Management LLC now owns 18,285,152 shares of the utilities provider’s stock worth $1,097,475,000 after purchasing an additional 7,521,168 shares during the period. Norges Bank bought a new position in shares of Edison International during the fourth quarter valued at approximately $339,311,000. Legal & General Group Plc bought a new position in shares of Edison International during the second quarter valued at approximately $329,766,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Edison International during the second quarter valued at approximately $309,361,000. Institutional investors own 88.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EIX shares. Weiss Ratings upgraded Edison International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their target price on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Barclays reissued an “equal weight” rating and issued a $75.00 target price (down from $78.00) on shares of Edison International in a research note on Friday, July 31st. Mizuho restated a “neutral” rating and set a $70.00 price target (down from $86.00) on shares of Edison International in a report on Monday. Finally, Argus reaffirmed a “hold” rating on shares of Edison International in a research report on Wednesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Edison International currently has an average rating of “Hold” and an average target price of $71.00.

Edison International Price Performance

NYSE EIX opened at $54.05 on Tuesday. Edison International has a one year low of $52.00 and a one year high of $81.62. The stock has a 50-day moving average of $73.94 and a 200 day moving average of $72.33. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.61 and a current ratio of 0.66. The company has a market capitalization of $20.80 billion, a price-to-earnings ratio of 5.57, a PEG ratio of 5.45 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 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.36. The firm 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%. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, sell-side analysts forecast that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors 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 6.5%. Edison International’s payout ratio is presently 36.19%.

Key Edison International News

Here are the key news stories impacting Edison International this week:

• Neutral Sentiment: Southern California Edison (SCE), Edison International’s utility subsidiary, called for comprehensive wildfire reform. The request could support longer-term regulatory clarity, but it also highlights the continuing uncertainty surrounding wildfire-cost allocation. Edison International Stock Plunges As SCE Calls For Comprehensive Wildfire Reform
• Neutral Sentiment: Some retail investors characterized the selloff as an overreaction, but Wall Street analysts warned that the legislation could leave EIX exposed to potentially significant wildfire liabilities. PCG, EIX Stocks Crash as Wall Street Warns of Liability Exposure
• Negative Sentiment: The amended wildfire bill reportedly keeps investor-owned utilities financially responsible if their equipment is found to have caused a wildfire. Investors are concerned that uncapped claims could pressure Edison International’s cash flow, balance sheet and credit ratings, while increasing the risk of future capital needs. California Wildfire Bill Omits Liability Cap
• Negative Sentiment: The liability concerns triggered one of EIX’s steepest single-day declines in decades and drove unusually heavy trading as investors reassessed the company’s wildfire risk. Edison Stock Craters in Worst Day Since 2001
• Negative Sentiment: Mizuho reaffirmed a “neutral” rating but reduced its price target to $70 from $86, reflecting a more cautious valuation outlook after the legislative development. Mizuho Edison International Analyst Rating

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.