35,081 Shares in Edison International $EIX Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in Edison International (NYSE:EIX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 35,081 shares of the utilities provider’s stock, valued at approximately $2,612,000.

Several other institutional investors also recently bought and sold shares of EIX. Avior Wealth Management LLC increased its stake in Edison International by 4.7% during the 2nd quarter. Avior Wealth Management LLC now owns 2,956 shares of the utilities provider’s stock valued at $220,000 after purchasing an additional 134 shares in the last quarter. Equitable Trust Co. lifted its stake in shares of Edison International by 0.8% in the first quarter. Equitable Trust Co. now owns 19,616 shares of the utilities provider’s stock worth $1,435,000 after buying an additional 148 shares in the last quarter. Altshuler Shaham Ltd lifted its stake in shares of Edison International by 36.6% in the first quarter. Altshuler Shaham Ltd now owns 578 shares of the utilities provider’s stock worth $42,000 after buying an additional 155 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Edison International by 5.3% during the fourth quarter. UMB Bank n.a. now owns 3,169 shares of the utilities provider’s stock valued at $190,000 after buying an additional 159 shares during the last quarter. Finally, Paladin Wealth LLC grew its holdings in shares of Edison International by 6.3% during the second quarter. Paladin Wealth LLC now owns 3,035 shares of the utilities provider’s stock valued at $226,000 after buying an additional 181 shares during the last quarter. 88.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Truist Financial reduced their price target on shares of Edison International from $81.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 4th. Mizuho upped their price objective on Edison International from $79.00 to $86.00 and gave the company an “outperform” rating in a research report 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. JPMorgan Chase & Co. lifted 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. Finally, Weiss Ratings cut Edison International from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $72.45.

Edison International Stock Performance

Shares of NYSE EIX opened at $74.83 on Wednesday. The firm’s 50-day moving average price is $74.23 and its 200-day moving average price is $72.22. 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 company has a market cap of $28.79 billion, a PE ratio of 7.71, a PEG ratio of 5.74 and a beta of 0.66. Edison International has a 52-week low of $52.00 and a 52-week high of $81.62.

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. 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 during the quarter, compared to analyst estimates of $4.82 billion. During the same period in the previous year, the business posted $0.97 earnings per share. The business’s revenue for the quarter was down 4.1% on a year-over-year basis. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS. As a group, analysts anticipate that Edison International will post 6.13 EPS for the current year.

Edison International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 7th were given a $0.8775 dividend. This represents a $3.51 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, July 7th. Edison International’s payout ratio is 36.19%.

About Edison International

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.