Deutsche Bank AG Purchases Shares of 2,244,393 Edison International $EIX

Deutsche Bank AG purchased a new stake in Edison International (NYSE:EIX) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 2,244,393 shares of the utilities provider’s stock, valued at approximately $167,095,000.

Several other large investors also recently made changes to their positions in the stock. AQR Capital Management LLC raised its holdings in shares of Edison International by 69.9% during 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 acquiring an additional 7,521,168 shares during the period. Norges Bank bought a new stake in Edison International in the 4th quarter valued at $339,311,000. Bank of New York Mellon Corp acquired a new position in Edison International in the 2nd quarter worth $309,361,000. Goldman Sachs Group Inc. boosted its stake in Edison International by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,496,907 shares of the utilities provider’s stock worth $329,924,000 after purchasing an additional 1,609,847 shares during the period. Finally, Assetmark Inc. increased its holdings in Edison International by 1,118.0% during the 1st quarter. Assetmark Inc. now owns 1,601,327 shares of the utilities provider’s stock worth $117,185,000 after purchasing an additional 1,469,860 shares in the last quarter. Institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

Shares of EIX opened at $73.38 on Thursday. Edison International has a 12 month low of $52.00 and a 12 month high of $81.62. The firm has a fifty day simple moving average of $74.11 and a 200 day simple moving average of $71.89. The stock has a market capitalization of $28.24 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 5.72 and a beta of 0.66. 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 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. Edison International had a net margin of 20.30% and a return on equity of 15.53%. The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period in the previous year, the business earned $0.97 EPS. The company’s revenue was down 4.1% compared to the same quarter last year. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. Research analysts forecast that Edison International will post 6.13 EPS for the current fiscal year.

Edison International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 7th were issued a $0.8775 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $3.51 annualized dividend and a dividend yield of 4.8%. Edison International’s dividend payout ratio (DPR) is presently 36.19%.

Analysts Set New Price Targets

Several research firms have issued reports on EIX. Mizuho lifted their price target on Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Morgan Stanley reaffirmed an “underweight” rating and set a $69.00 price objective on shares of Edison International in a research 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. JPMorgan Chase & Co. increased their price objective on Edison International from $75.00 to $76.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Finally, Weiss Ratings lowered Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $72.82.

Edison International 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.