Intech Investment Management LLC Boosts Holdings in Edison International $EIX

Intech Investment Management LLC grew its stake in shares of Edison International (NYSE:EIX) by 5.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 220,193 shares of the utilities provider’s stock after buying an additional 11,558 shares during the period. Intech Investment Management LLC’s holdings in Edison International were worth $12,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of EIX. MAI Capital Management grew its stake in Edison International by 20.8% during the second quarter. MAI Capital Management now owns 1,172 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 202 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Edison International by 2.4% during the 1st quarter. Empowered Funds LLC now owns 8,875 shares of the utilities provider’s stock valued at $523,000 after purchasing an additional 211 shares during the last quarter. GHP Investment Advisors Inc. grew its position in shares of Edison International by 21.7% during the second quarter. GHP Investment Advisors Inc. now owns 1,217 shares of the utilities provider’s stock valued at $63,000 after purchasing an additional 217 shares in the last quarter. Michels Family Financial LLC increased its holdings in shares of Edison International by 1.5% in the third quarter. Michels Family Financial LLC now owns 15,217 shares of the utilities provider’s stock worth $841,000 after purchasing an additional 231 shares during the last quarter. Finally, Generali Asset Management SPA SGR lifted its position in shares of Edison International by 0.7% in the third quarter. Generali Asset Management SPA SGR now owns 31,539 shares of the utilities provider’s stock worth $1,743,000 after buying an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Edison International Stock Performance

NYSE:EIX opened at $74.32 on Friday. The firm has a market capitalization of $28.60 billion, a PE ratio of 6.43, a PEG ratio of 1.22 and a beta of 0.82. The stock’s fifty day moving average is $63.84 and its 200 day moving average is $58.96. Edison International has a fifty-two week low of $47.73 and a fifty-two week high of $75.50. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.68 and a current ratio of 0.73.

Edison International (NYSE:EIX) last posted its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.87 EPS for the quarter, topping the consensus estimate of $1.47 by $0.40. The company had revenue of $5.21 billion during the quarter, compared to analyst estimates of $4.29 billion. Edison International had a net margin of 24.34% and a return on equity of 14.87%. During the same period in the previous year, the firm earned $1.05 earnings per share. Edison International has set its FY 2026 guidance at 5.900-6.200 EPS and its FY 2027 guidance at 6.250-6.650 EPS. On average, sell-side analysts anticipate that Edison International will post 4.95 earnings per share for the current year.

Edison International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Tuesday, April 7th will be given a dividend of $0.8775 per share. This represents a $3.51 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Tuesday, April 7th. Edison International’s payout ratio is 30.36%.

Analyst Upgrades and Downgrades

EIX has been the subject of several research analyst reports. Wells Fargo & Company cut Edison International from an “equal weight” rating to an “underweight” rating and raised their price target for the company from $56.00 to $59.00 in a report on Tuesday, January 20th. JPMorgan Chase & Co. increased their target price on Edison International from $65.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Jefferies Financial Group cut their target price on shares of Edison International from $59.00 to $54.00 and set a “hold” rating for the company in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Edison International in a research note on Monday, December 29th. Finally, LADENBURG THALM/SH SH increased their price objective on shares of Edison International from $52.50 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, October 30th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Edison International presently has an average rating of “Hold” and a consensus price target of $67.70.

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.