Edison International $EIX Shares Bought by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC lifted its stake in shares of Edison International (NYSE:EIX) by 37.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,522 shares of the utilities provider’s stock after acquiring an additional 7,240 shares during the quarter. Tounjian Advisory Partners LLC’s holdings in Edison International were worth $1,466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of EIX. Activest Wealth Management boosted its position in shares of Edison International by 677.8% in the 3rd quarter. Activest Wealth Management now owns 560 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 488 shares during the period. CVA Family Office LLC boosted its holdings in shares of Edison International by 113.7% in the third quarter. CVA Family Office LLC now owns 577 shares of the utilities provider’s stock worth $32,000 after buying an additional 307 shares during the period. Laurel Wealth Advisors LLC increased its position in shares of Edison International by 5,064.3% in the second quarter. Laurel Wealth Advisors LLC now owns 723 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 709 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of Edison International during the second quarter valued at approximately $38,000. Finally, Quent Capital LLC purchased a new stake in shares of Edison International in the 3rd quarter valued at approximately $40,000. 88.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EIX shares. Zacks Research downgraded shares of Edison International from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 15th. Wall Street Zen downgraded Edison International from a “buy” rating to a “hold” rating in a report on Saturday, February 14th. TD Cowen upped their price target on Edison International from $71.00 to $83.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Mizuho set a $79.00 price objective on Edison International in a research note on Thursday, February 19th. Finally, Barclays lifted their target price on Edison International from $67.00 to $78.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $67.70.

Edison International Trading Up 0.4%

Shares of NYSE EIX opened at $74.69 on Friday. The business has a 50 day simple moving average of $64.14 and a 200 day simple moving average of $59.09. Edison International has a 52 week low of $47.73 and a 52 week high of $75.50. The stock has a market cap of $28.74 billion, a price-to-earnings ratio of 6.46, a PEG ratio of 1.21 and a beta of 0.82. 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 earnings results on Wednesday, February 18th. The utilities provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.47 by $0.40. Edison International had a net margin of 24.34% and a return on equity of 14.87%. The firm had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $4.29 billion. During the same period in the previous year, the company 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, research analysts predict that Edison International will post 4.95 earnings per share for the current fiscal year.

Edison International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Tuesday, April 7th will be issued a $0.8775 dividend. The ex-dividend date is Tuesday, April 7th. This represents a $3.51 dividend on an annualized basis and a yield of 4.7%. Edison International’s dividend payout ratio is currently 30.36%.

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.