Pallas Capital Advisors LLC Buys Shares of 59,756 Edison International $EIX

Pallas Capital Advisors LLC purchased a new position 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. The fund purchased 59,756 shares of the utilities provider’s stock, valued at approximately $4,449,000.

Other institutional investors also recently modified their holdings of the company. 10Elms LLP bought a new stake in Edison International during the fourth quarter valued at $26,000. Transamerica Financial Advisors LLC lifted its stake in shares of Edison International by 170.3% in the 4th quarter. Transamerica Financial Advisors LLC now owns 446 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 281 shares during the period. Groupe la Francaise acquired a new position in shares of Edison International in the 1st quarter valued at about $29,000. Bell Investment Advisors Inc bought a new stake in shares of Edison International during the 2nd quarter valued at about $31,000. Finally, Altshuler Shaham Ltd grew its stake in Edison International by 36.6% during the first quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 155 shares during the period. 88.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on EIX. Morgan Stanley reiterated an “underweight” rating and issued a $69.00 target price on shares of Edison International in a report on Wednesday, July 22nd. Barclays reaffirmed an “equal weight” rating and set a $75.00 price objective (down from $78.00) on shares of Edison International in a research report on Friday, July 31st. Mizuho lifted their price objective on shares of Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. JPMorgan Chase & Co. boosted their target price on shares of Edison International from $75.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Finally, Truist Financial cut their target price on shares of Edison International from $81.00 to $77.00 and set a “hold” rating on the stock in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Edison International has a consensus rating of “Hold” and an average price target of $72.82.

Edison International Stock Performance

EIX opened at $71.27 on Tuesday. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.95. The company’s fifty day moving average price is $74.03 and its two-hundred day moving average price is $71.73. Edison International has a 1-year low of $52.00 and a 1-year high of $81.62. The company has a market cap of $27.43 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 5.54 and a beta of 0.66.

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 analysts’ expectations 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 was down 4.1% on a year-over-year basis. During the same period last year, the company earned $0.97 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. On average, analysts expect that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 7th were issued a dividend of $0.8775 per share. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 annualized dividend and a yield of 4.9%. Edison International’s dividend payout ratio is 36.19%.

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.